NEW YORK (AP) — NEW YORK (AP) — Acacia Research Corp. (ACTG) on Thursday reported first-quarter net income of $6 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 7 cents per share. Losses, adjusted for non-recurring gains, were 23 cents per share.
The technology patent licensor posted revenue of $14.8 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $4. A year ago, they were trading at $4.65.
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