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Stock impact report

Acacia Research Reports Third Quarter Financial Results

Acacia Research Corporation (ACTG) 
Last acacia research corporation earnings: 8/8 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: acaciaresearch.com/investor-relations
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Acacia Research Corporation(1) ("Acacia" or "the Company") (Nasdaq: ACTG) today reported results for the three and nine months ended September 30, 2019.Clifford Press, Chief Executive Officer, stated, “The systematic restructuring of Acacia is now complete and we can commence a focused strategy to diversify our business and augment our portfolio of intellectual property assets. The opportunities for a well-capitalized IP manager to partner with leading technology companies in the current market environment are so significant that Al Tobia and I will now focus our full attention on Acacia. Our strategy involves a number of significant investment opportunities, potential acquisitions and strategic partnerships, designed to develop absolute return assets.”Al Tobia, President and Chief Investment Officer, added, “During the third quarter we further rationalized the legacy investment portfolio by selling the interest in Miso Robotics. This contributed t Show less Read more
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