Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 17

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 which approximates the stand-alone value for separately sold maintenance services agreements. Revenue from maintenance service contracts are recognized on a straight-line basis over the period of each individual contract, which is consistent with the pattern in which the benefit is consumed by the customer.Printronix’s net revenues were comprised of the following for the periods presented:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(In thousands)Printers, consumables and parts$5,859 $6,149 $18,557 $19,678 Services801 858 2,369 2,505 Total$6,660 $7,007 $20,926 $22,183 Refer to Note 19 for additional information regarding net sales to customers by geographic region.Deferred revenue in the consolidated balance sheets represents a contract liability under ASC 606 and consists of payments and billings in advance of the performance. Printronix recognized $458,000 and $322,000 in revenue that was previously included in the beginning balance of deferred revenue during the three months ended September 30, 2025 and 2024, respectively. Printronix recognized $1.2 million and $1.4 million in revenue that was previously included in the beginning balance of deferred revenue during the nine months ended September 30, 2025 and 2024, respectively.Printronix’s payment terms vary by the type and location of its customers and the products, solutions or services offered. The time between invoicing and when payment is due is not significant. In instances where the timing of revenue recognition differs from the timing of invoicing, Printronix has determined that its contracts do not include a significant financing component.Printronix’s remaining performance obligations, following the transfer of products to customers, primarily relate to repair and support services. The aggregated transaction price allocated to remaining performance obligations for arrangements with an original term exceeding one year included in deferred revenue was $1.3 million and $627,000 as of September 30, 2025 and December 31, 2024, respectively. Printronix adopted the practical expedient not to disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. On average, remaining performance obligations as of September 30, 2025 are expected to be recognized over a period of approximately two years.

13

Energy OperationsBenchmark recognizes revenues from sales of oil and natural gas products