Acacia Research reports Q4 adjusted EPS ($2.04), consensus 3c
Reports Q4 revenue $3.458M, consensus $15M. "We believe that we can best leverage our capital and our tax assets, and positively impact shareholder value by utilizing our IP experience, expertise and relationships forged while building and leading the patent licensing industry, to identify opportunities to partner with exciting high-growth and potentially disruptive technology companies," commented Rob Stewart, President of Acacia. "Our investments in Veritone and Miso Robotics announced in 2016 and 2017 represent our initial execution of our growth strategy in AI and robotics." GAAP and non-GAAP results for the fourth quarter of 2017 included an unrealized loss on its equity investment in Veritone (VERI) totaling $104.042M.