Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 66

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 66
---
 revenue arrangements and related concentrations.

Cost of Production

Benchmark’s cost of production for the years ended December 31, 2024 and 2023 was $36.3 million and $656,000, respectively. Benchmark’s cost of production figures include the full year ended December 31, 2024 compared to an 

67

approximate two month period ended December 31, 2023 following our acquisition of Benchmark. Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Benchmark’s cost of production.

Manufacturing Operations

Revenues

Deflecto’s revenues from October 18, 2024 through December 31, 2024 included the following (in thousands):

Air distribution$7,782 Safety products7,977 Office products7,424 Total$23,183 

Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Deflecto’s revenue arrangements and related concentrations.

Cost of Revenues

Deflecto’s cost of revenues from October 18, 2024 through December 31, 2024 was $16.9 million. Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Deflecto’s cost of revenues.

Operating Expenses

Years EndedDecember 31,20242023$ Change% Change(In thousands, except percentage change values)Sales and marketing expenses - industrial operations$5,681 $6,908 $(1,227)(18 %)Sales and marketing expenses - manufacturing operations1,536 — 1,536 n/aGeneral and administrative costs - intellectual property operations8,826 7,402 1,424 19 %General and administrative costs - industrial operations8,024 9,457 (1,433)(15 %)General and administrative costs - energy operations3,427 264 3,163 1,198 %General and administrative costs - manufacturing operations4,767 — 4,767 n/aParent general and administrative expenses30,319 27,306 3,013 11 %Total general and administrative expenses55,363 44,429 10,934 25 %Total$62,580 $51,337 $11,243 22 %

The operating expenses table above includes the Company’s general and administrative expenses by operation, Printronix’s sales and marketing expenses, and Benchmark’s general and administrative costs. The periods presented above include Benchmark’s general and