Acacia Research Corporation (ACTG) CEO Clifford Press on Q2 2020 Results - Earnings Call Transcript

Acacia Research Corporation (NASDAQ:ACTG) Q2 2020 Earnings Conference Call August 10, 2020 11:00 AM ET

Company Participants

Rob Fink - FNK IR
Clifford Press - Chief Executive Officer
Al Tobia - Chief Investment Officer
Rich Rosenstein - Chief Financial Officer

Conference Call Participants

Anthony Stoss - Craig-Hallum
Brett Reiss - Janney Montgomery Scott

Operator

Greetings and welcome to Acacia Research Second Quarter Financial Results Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions].

I will now turn the conference over to your host Rob Fink with FNK IR. You may begin.

Rob Fink

Thank you, operator. Hosting the call today are Clifford Press, Chief Executive Officer and Al Tobia, Chief Investment Officer, and Richard Rosentein, Chief Financial Officer.

Before beginning, I would like to remind you that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based on current estimates and projections, future results or trends.

Actual results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see the risk factors described in Acacia's annual report on Form 10-K and quarterly reports on 10-Q that are filed with the SEC.

I would like to remind everyone that a press release disclosing the company's financial results was issued this morning before the market opened. This release may be accessed on the company's website at acaciaresearch.com under the news and events tab.

With all that said, I would now like to turn the