Acacia Research GAAP EPS of $0.45, revenue of $63.3M, approves $40M buyback program

Mar. 31, 2022 8:53 AM ETAcacia Research Corporation (ACTG)By: Niloofer Shaikh, SA News Editor
  • Acacia Research press release (NASDAQ:ACTG): Q4 GAAP EPS of $0.45.
  • Revenue of $63.3M (+1338.6% Y/Y).
  • Shares +9.5% PM.
  • Effective March 31, 2022, the company approved a new stock repurchase program for up to $40M of shares of common stock. 
  • Preliminary 1Q22 results: Total revenues of $13M to $14M, reflecting the inclusion of Printronix; Operating loss of $8.2M to $9.2M; Total cash and marketable securities of $538.7M based on today’s values; Total indebtedness of $168.4M, reflecting Notes issued to Starboard Value LP.

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