Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 74

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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Natural gas sales— — 730 — 730 Natural gas liquids sales— — 465 — 465 Total revenues13,623 8,841 1,856 — 24,320 Cost of revenues:Cost of sales - intellectual property operations7,001 — — — 7,001 Cost of sales - industrial operations— 4,049 — — 4,049 Cost of production— — 1,315 — 1,315 Total cost of revenues7,001 4,049 1,315 — 12,365 Segment gross (loss) profit6,622 4,792 541 — 11,955 Other operating expenses:General and administrative expenses and sales and engineering expenses3,340 3,580 385 — 7,305 Total other operating expenses3,340 3,580 385 — 7,305 Segment operating income (loss)$3,282 $1,212 $156 $— 4,650 Parent general and administrative expenses$6,737 Operating income (loss)$(2,087)Total other (expense) income$789 Income (loss) before income taxes$(1,298)

39

The Company’s reportable asset segment information is as follows:

March 31, 2025December 31, 2024(In thousands)Total parent assets137,414 150,033 Segment total assets:Intellectual property operations277,546 213,854 Industrial operations48,881 48,438 Energy operations203,693 209,355 Manufacturing operations134,072 134,714 Total assets$801,606 $756,394 The Company’s revenues and long-lived tangible assets by geographic area are presented below. Intellectual Property Operations revenues are attributed to licensees domiciled in foreign jurisdictions. Printronix’s net sales to external customers are attributed to geographic areas based upon the final destination of products shipped. The Company, primarily through its Printronix and Deflecto subsidiary, has identified three global regions for marketing its products and services: Americas, Europe, Middle East and Africa, and Asia-Pacific. Assets are summarized based on the location of held assets. Benchmark’s sales are only attributed to the United States of America. 

Three Months Ended March 31, 2025Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufacturing OperationsTotal