Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
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Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
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Operating Expenses

Three Months EndedMarch 31,20252024$ Change% Change(In thousands, except percentage change values)Sales and marketing expenses - industrial operations$1,567 $1,555 $12 1 %Sales and marketing expenses - manufacturing operations1,745 — 1,745 n/aGeneral and administrative costs - intellectual property operations3,485 3,340 145 4 %General and administrative costs - industrial operations1,743 2,025 (282)(14 %)General and administrative costs - energy operations1,607 385 1,222 317 %General and administrative costs - manufacturing operations5,708 — 5,708 n/aParent general and administrative expenses4,777 6,737 (1,960)(29 %)Total general and administrative expenses17,320 12,487 4,833 39 %Total$20,632 $14,042 $6,590 47 %

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 table also includes Deflecto’s sales and marketing expenses and general and administrative costs for the three months ended March 31, 2025, with no comparable year period information as the Deflecto Transaction closed in October 2024. Refer to Note 2 to the condensed consolidated financial statements elsewhere herein for additional information regarding Printronix’s and Deflecto’s operating expenses.

General and Administrative Expenses

A summary of the main drivers of the increases (decreases) in general and administrative expenses is as follows:

Three Months EndedMarch 31,2025 vs. 2024(In thousands)Other general and administrative costs(2,037)General and administrative costs - energy operations1,222 Depreciation and amortization - manufacturing operations1,544 Other general and administrative costs - manufacturing operations3,692 

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Table of Contents

General and administrative expenses include employee compensation and related personnel costs, including variable performance based compensation and compensation expense for share-based awards, office and facilities costs, legal and accounting professional fees, public relations, stock administration, business development, fixed asset depreciation, amortization of Industrial Operations and Manufacturing Operations’ intangible assets, and other corporate costs. The periods presented above include an increase in Energy Operations’ general administrative expenses for the quarter following our acquisition of Revolution in April 202