ACTG
Acacia Research Corp
Acacia Research Corp
$ACTG reports Q4 revenue of $10.6M and streamlines capital structure
Acacia Research Corporation, a capital platform that purchases businesses based on the valuation difference between public and private markets, has reported Q4 revenue of $10.6 million and full-year revenue of $39.7 million. The company has streamlined its capital structure, reduced annual administrative spending by a third, and built an effective deal team. Acacia is identifying and advancing opportunities to expand its business and has a strong capital base. The chairman is optimistic about the company's enhanced processes and hard work translating to results, but acknowledges that timing and market conditions will be important factors.
6mo ago
$ACTG