Acacia Research Reports Third Quarter 2023 Financial Results
With the right processes in place and a growing number of opportunities, I am confident that 2024 will be a year of tangible progress.”
- With the right processes in place and a growing number of opportunities, I am confident that 2024 will be a year of tangible progress.”
Third Quarter 2023 Financial Summary:
Total revenues were $10.1 million, compared to $15.9 million in the same quarter last year. - Printronix generated $8.3 million in revenue during the quarter, compared to $9.6 million in the same quarter last year.
- The Intellectual Property business generated $1.8 million in licensing and other revenue during the quarter, compared to $6.3 million in the same quarter last year.
- Acacia owns 64% of MalinJ1, which results in a 26% ownership stake in Viamet Pharmaceuticals, Inc. for Acacia.