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Acacia Research Corporation
Acacia Research Reports First Quarter 2009 Financial Results
May 16th, 2009
Acacia Research Corporation (Nasdaq: ACTG) reported results for the three months ended March 31, 2009. “Acacia Research executed $16,350,000 in licensing transactions in the first quarter of 2009, resulting in first quarter license fee revenues of $12,650,000, an increase of 40%, compared to $9,048,000 in the year ago period, and prepaid deferred revenues of $3,700,000 which will be recognized as revenues in subsequent periods. Cash and investments increased during the quarter by $2,483,000 to $54,001,000,” commented Acacia Research Chairman and CEO, Paul Ryan. “Acacia Research trailing 12-month revenues were $51,829,000, an increase of 42%, compared...
Source: Law & Health Weekly (2009-05-16)
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