Acacia Research: Fourth Quarter Earnings Overview

Acacia Research Corp. Reports Fourth-Quarter Profit

Acacia Research Corp., headquartered in New York, announced a net profit of $3.4 million for the fourth quarter, marking a turnaround from a loss during the same period last year.

The company reported earnings of 4 cents per share, with adjusted earnings—excluding special items—coming in at 3 cents per share.

During the quarter, Acacia Research generated $50.1 million in revenue.

Looking at the full year, the company achieved a net income of $21.7 million, or 22 cents per share, moving from a loss to profitability. Total annual revenue reached $285.2 million.

At the close of trading, Acacia Research shares were priced at $4.15, compared to $4.19 one year prior.