The following is a summary of the Acacia Research Corporation (ACTG) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Acacia Research reported a significant increase in Q2 2024 consolidated revenue, up 227% year-over-year to $25.8 million.

• Adjusted EBITDA for various business units showed strong performance: $8.5 million for Intellectual Property, $2.3 million for Printronix, and $8.4 million for Benchmark.

• GAAP net loss for Q2 2024 improved to $8.4 million or $0.08 per share, compared to a loss of $18.8 million or $0.36 per share in Q2 2023.

Business Progress:

• Continued strategic acquisitions, such as operated producing wells in the Western Anadarko Basin boosting revenue.

• Expanded intellectual property operations with significant increases in revenue from licensing agreements.

• Operational improvements in the industrial segments, transitioning to higher margin consumables.

Opportunities:

• Acacia's strategic focus on acquiring mature, long-lived assets offers sustainability and growth potential, particularly in the oil and gas segment.

• Significant opportunities in technology through new patent portfolio acquisitions and licensing agreements.

Risks:

• Despite improvements, the industrial operations segment witnessed a revenue decline due to lower printers sold.

More details: Acacia Research IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.