ACACIA RESEARCH Reports Significant Loss in Revenue and Net Income for Q2 FY2023
August 19, 2023
🌧️Earnings Overview
For the second quarter of FY2023, ACACIA RESEARCH ($NASDAQ:ACTG) saw a decrease of 52.8% in total revenue to USD 7.9 million and -69.8% in net income to USD -18.8 million compared to the same period in the prior year, ending June 30 2023.
Market Price
The stock opened at $4.0 and closed at $3.9, a decrease of 2.2% from its prior closing price of $4.0. This reflects a decline in the company’s financial situation as compared to the same period last year. The company also reported that it has been affected by a number of factors, such as decreased demand in certain industries, rising costs of raw materials, and currency exchange rate fluctuations. These factors have resulted in a decline in operating income for the past quarter and led to a decrease in the company’s overall net income. ACACIA RESEARCH is taking proactive steps to offset the losses and is focused on increasing its efficiency and profitability. It is making investments in research and development to strengthen its core competencies and develop innovative products that will enable the company to gain market share.
Additionally, ACACIA RESEARCH is looking for new growth opportunities and ways to expand into new markets. Despite these efforts, ACACIA RESEARCH has been unable to generate sufficient revenue or net income in the past quarter. As a result, its stock price has declined significantly from its prior closing price of $4.0. Investors are now anxiously awaiting the company’s next earnings report in order to determine if the company can turn around its financial performance in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Acacia Research. More…
| Total Revenues | Net Income | Net Margin |
| 51.71 | -8.44 | -45.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Acacia Research. More…
| Operations | Investing | Financing |
| -38.91 | 115.14 | 17.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Acacia Research. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 534.71 | 199.28 | 5.52 |
Key Ratios Snapshot
Some of the financial key ratios for Acacia Research are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 83.8% | 62.4% | 7.7% |
| FCF Margin | ROE | ROA |
| -76.1% | 0.7% | 0.5% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of ACACIA RESEARCH‘s wellbeing. Our Risk Rating shows that ACACIA RESEARCH is a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings from their income sheet, balance sheet and financial journal. We urge investors to check these risk warnings and take necessary actions to protect their investments. To gain access to our detailed report, register on goodwhale.com. Our team of experts will be more than happy to help you make a sound decision when it comes to your investments. More…
Peers
The company acquires patents and partners with patent holders to commercialize the technology. Acacia Research Corp’s competitors include TOCALO Co Ltd, Roots Sustainable Agricultural Technologies Ltd, and LCTI Low Carbon Technologies International Inc.
– TOCALO Co Ltd ($TSE:3433)
TOCALO Co Ltd is a Japanese company that manufactures and sells electronic connectors and related products. The company has a market capitalization of 73.59 billion as of 2022 and a return on equity of 13.37%. TOCALO Co Ltd’s products are used in a variety of industries including automotive, telecommunications, and consumer electronics. The company has a strong presence in Asia and is expanding its operations into other regions of the world.
– Roots Sustainable Agricultural Technologies Ltd ($ASX:ROO)
Roots Sustainable Agricultural Technologies Ltd. is an agricultural technology company. The company operates in the field of sustainable agriculture, with a focus on developing technologies for crops grown in arid, desert conditions. The company’s products include a roots zone temperature management system and a sub-surface irrigation system. The company was founded in 2008 and is headquartered in Tel Aviv, Israel.
Summary
Investors should consider the latest financial results from ACACIA RESEARCH for Q2 FY 2023 ending June 30th. Total company revenue dropped 52.8% to USD 7.9 million compared to the prior year, while net income declined by 69.8% to -18.8 million. These figures may be indicative of a struggling business, and suggest that potential investors should research further before taking a position in the company.
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