Acacia Research Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 92.31 million compared to USD 13.12 million a year ago. Revenue was USD 92.31 million compared to USD 13.12 million a year ago. Net income was USD 74.76 million compared to net loss of USD 18.39 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to basic loss per share from continuing operations of USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to diluted loss per share from continuing operations of USD 0.5 a year ago.
For the full year, sales was USD 125.1 million compared to USD 59.22 million a year ago. Revenue was USD 125.1 million compared to USD 59.22 million a year ago. Net income was USD 67.06 million compared to net loss of USD 125.07 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to basic loss per share from continuing operations of USD 3.13 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to diluted loss per share from continuing operations of USD 3.13 a year ago.