Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 58

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 58
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 periods, and depending on several other factors, such potential revenues may be pushed into subsequent annual periods.

Industrial Operations

Refer to “Industrial Operations Business” above for information related to Printronix’s operating activities.

Energy Operations

Refer to “Energy Operations Business” above for information related to Benchmark’s operating activities.

62

Manufacturing Operations

Refer to “Manufacturing Operations Business” above for information related to Deflecto’s operating activities.

In addition to the following results of operations discussion, more information related to our Intellectual Property Operations, Industrial Operations, Energy Operations and Manufacturing Operations segment revenues may be found in Notes 2 and 21 to the consolidated financial statements.

Results of Operations

The results reflected in this section with respect to Deflecto for the year ended December 31, 2024 include results for the period from October 18, 2024 to December 31, 2024 following our acquisition of Deflecto. The results reflected in this section with respect to Benchmark include results for the full year ended December 31, 2024 compared to an approximate two month period ended December 31, 2023 following our acquisition of Benchmark.

Summary of Results of Operations

Years EndedDecember 31,20242023$ Change% Change(In thousands, except percentage change values)Total revenues$122,312 $125,102 $(2,790)(2 %)Total costs and expenses155,238 104,166 51,072 49 %Operating (loss) income(32,926)20,936 (53,862)(257 %)Total other (expense) income(5,221)46,490 (51,711)(111 %)(Loss) income before income taxes(38,147)67,426 (105,573)(157 %)Income tax benefit3,449 1,504 1,945 129 %Net (loss) income attributable to Acacia Research Corporation(36,057)67,060 (103,117)(154 %)

Results of Operations - year ended December 31, 2024 compared with the year ended December 31, 2023

Total revenues decreased $2.8 million to $122.3 million for the year ended December 31, 2024, as compared to $125.1 million for the year ended December 31, 2023, primarily due to a decrease in our Intellectual Property Operations revenues and a decrease in Industrial Operations revenues, partially offset by revenues contributed