Acacia Research: 2Q Earnings Snapshot
NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Wednesday reported a loss of $28.4 million in its second quarter.
The Newport Beach, California-based company said it had a loss of 57 cents per share. Earnings, adjusted for asset impairment costs and stock option expense, were 13 cents per share.
The technology patent licensor posted revenue of $6.5 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $3.95. A year ago, they were trading at $3.25.