Acacia Research Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 10.08 million compared to USD 15.88 million a year ago. Revenue was USD 10.08 million compared to USD 15.88 million a year ago. Net income was USD 1.64 million compared to USD 28.09 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.54 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 32.79 million compared to USD 46.1 million a year ago. Revenue was USD 32.79 million compared to USD 46.1 million a year ago. Net loss was USD 7.7 million compared to USD 106.68 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 2.63 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 2.63 a year ago.