Fri, Jul. 24, 4:25 PM
- Up as much as 12.4% in early trading in the wake of its Q2 beat, Acacia (NASDAQ:ACTG) closed down 0.6%. Shares are down 43% YTD.
- Acacia inked 20 new patent revenue agreements in Q2, down from 23 in Q1 and up from 15 a year ago. 18 licensing/enforcement programs generated revenue, flat Q/Q and up from 16 a year ago. One licensee accounted for 74% of revenue; one accounted for 58% in Q1.
- Lower costs boosted EPS: Inventor royalties and contingent legal fees fell 62% Y/Y to $6.8M; litigation/licensing expenses fell 17% to $9M; patent amortization costs fell 15% to $13.2M; and MG&A spend fell 27% to $9.6M.
- Acacia ended Q2 with $166.9M in cash/investments (equal to 58% of its current market cap), and no debt.
- Q2 results, PR
Thu, Jul. 23, 4:43 PM
Thu, Jul. 23, 4:10 PM
Wed, Jul. 22, 5:35 PM
- ABAX, ACTG, ALGN, ALTR, AMZN, ATHN, BCR, BJRI, BLDR, BYD, CA, CB, CBI, CHE, CLGX, CLS, COF, CPHD, CTCT, CYN, DGII, ETFC, FET, FII, FLEX, FSL, GHL, GIMO, HBHC, HWAY, IG, JNPR, LOGM, LSTR, MITK, MKTO, MSCC, MXIM, N, NANO, NTGR, P, PEB, PFG, PFPT, PMCS, QLIK, RGA, RHI, RSG, RT, SBUX, SIVB, SPNC, SRCL, STAG, SWKS, SYK, T, TRIP, TRN, UIS, V, VRSN, WIRE, WRE
Mon, Jun. 29, 2:40 PM
- Acacia's (ACTG -2.8%) Innovative Display Technologies and Delaware Display units has struck a patent licensing deal with BMW's North American unit, thereby ending an Eastern Texas federal lawsuit. The same subsidiaries have also reached a licensing deal/settlement with Kyocera.
- Acacia is following markets lower. Settlements with Verizon/Alltel, Sentry Group, and Coviden were reached last month.
Tue, May 5, 3:29 PM
- With the Nasdaq down 1.4%, major tech decliners are easily outnumbering major gainers.
- Notable decliners include carrier/enterprise Wi-Fi hardware vendor Ruckus (RKUS -5.6%), IP licensing firm Acacia (ACTG -4.9%), VoIP/unified communications software vendor BroadSoft (BSFT -8.4%), LED/chip equipment maker Veeco (VECO -4.6%), language software vendor Rosetta Stone (RST -8.5%) mortgage origination software vendor Ellie Mae (ELLI -5.6%), and online video hosting platform Brightcove (BCOV -8.4%).
- Veeco has been hit by a downgrade to Outperform from Buy by CLSA; its Q1 report arrives tomorrow. Ruckus and Brightcove are adding to last week's post-earnings losses (I, II), while Acacia and Ellie Mae are giving back some of their recent post-earnings gains (I, II). BroadSoft soared yesterday after beating Q1 estimates and slightly hiking its 2015 EPS guidance.
- Previously covered: Chinese Internet stocks, cybersecurity stocks, LendingClub, Allot, Kulicke & Soffa, InterCloud, MicroVision
- Notable gainers: Salesforce, RetailMeNot, ChannelAdvisor, A10 Networks, IDT
Fri, Apr. 24, 12:45 PM
Fri, Apr. 24, 10:33 AM
- With Acacia (NASDAQ:ACTG) having gone into earnings down nearly 50% from its fall highs, its Q1 beat is going over quite well. Short-covering might have much to do with today's gains: 9.4M shares (19% of the float) were shorted as of March 31.
- Acacia executed 23 new IP licensing agreements in Q1 vs. 33 in Q4 and 20 in Q1 2014. 18 licensing/enforcement programs generated revenue vs. 27 in Q4 and 21 in Q1 2014. One licensee accounted for 58% of revenue, and another 15%.
- A 172% Y/Y increase in revenue to $34.1M was made possible in part by an 881% increase in inventory royalty payments to $9.3M. Contingent legal fees rose 213% to $4.8M, while litigation/licensing expenses fell 4% to $8.7M. Patent amortization costs fell 10% to $13M, and MG&A rose 6% to $7.3M.
- Acacia ended Q1 with $165.6M in cash/investments (equal to 27% of its current market cap), and no debt.
- Lake Street Capital (Buy, $20 target) notes Acacia's Voice Age (HD audio) patent portfolio is providing a lift, and thinks the company "demonstrated its strategy of focusing on higher value portfolios is starting to pay benefits."
- Q1 results, PR, CC transcript
Thu, Apr. 23, 4:17 PM
Thu, Apr. 23, 4:05 PM
Wed, Apr. 22, 5:35 PM
- ACTG, ALGN, ALTR, AMZN, AWAY, BAS, BCR, BGS, BJRI, BLDR, CB, CBI, COF, CPHD, CVTI, CYN, DGII, DV, EFII, ELY, ETFC, ETH, FET, FICO, FII, FR, FSL, GHL, GIMO, GOOG, HA, HBHC, HBI, HUBG, HWAY, JNPR, KLAC, KN, LSTR, MKTO, MMSI, MSCC, MSFT, MTSN, MXIM, MXWL, N, NEM, NTGR, P, PEB, PFG, QDEL, QLIK, RGA, RHI, RMD, RSG, SBAC, SBUX, SFG, SHOR, SIVB, SPNC, SRCL, SWN, SYA, SYNA, TRN, UIS, VCRA, VRSN, WIRE, WRE
Thu, Apr. 16, 3:19 PM
- Today's notable tech gainers include Chinese online gaming/entertainment platform YY (YY +4.5%), Chinese search engine/portal owner Sohu (SOHU +5.4%), U.S. solar installer Vivint (VSLR +4.9%), U.S. solar installer Vivint (VSLR +4.9%), solar power optimizer/inverter maker SolarEdge (SEDG +5%), M2M hardware/software provider I.D. Systems (IDSY +8.9%), DSP core IP provider Ceva (CEVA +7.2%), cloud healthcare software provider Castlight (CSLT +6.1%), and NAND controller/4G transceiver vendor Silicon Motion (SIMO +4.8%). The Nasdaq is nearly flat.
- Notable decliners include local services marketplace Angie's List (ANGI -6.6%), IP licensing firm Acacia (ACTG -4.4%), and gaming system maker IGT (IGT -5.1%).
- Dougherty has launched coverage on I.D. Systems at Buy, and Canaccord has done the same for Ceva. Vivint is one of several solar firms to get an Outperform rating from Avondale Partners. Silicon Motion has surged to fresh 52-week highs, and is up 22% since last week's Q1 pre-announcement.
- Angie's List is giving back some of the big gains seen yesterday after announcing long-time CEO Bill Oesterle plans to retire, and slightly hiking its 2015 adjusted EBITDA guidance. IGT is returning a chunk of the gains seen last week following the closing of the Gtech merger.
- Previously covered: Etsy, AMD, Fairchild, SanDisk, 58.com, Audience, Travelzoo, Sequans, Carbonite, Identiv
Fri, Feb. 20, 11:17 AM
- Acacia's (NASDAQ:ACTG) contingent legal fees rose 129% Y/Y in Q4 to $7.3M, pressuring EPS. A 33% increase in inventor royalty payments (to $4.4M) also took a toll, though it's worth noting those payments (along with the contingent fees) helped drive a 106% increase in revenue.
- On the other hand, litigation/licensing expenses fell 8% to $8.2M, and patent amortization costs 18% to $13.7M. MG&A spend rose 15% to $8M excluding stock compensation, and fell 14% when including it.
- 33 new patent agreements were executed in Q4, up from 20 in Q3 and 24 a year ago. 27 licensing/enforcement programs produced revenue vs. 20 and 23, and 5 produced initial revenue vs. 3 and 4.
- Shares made a fresh 52-week low of $11.52 in morning trading, before rebounding a bit.
- Q4 results, PR
Thu, Feb. 19, 4:34 PM
Thu, Feb. 19, 4:03 PM
Wed, Feb. 18, 5:35 PM
ACTG vs. ETF Alternatives
Other News & PR