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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 24,320 $ 14,803
Costs and expenses:    
Cost of revenues - intellectual property operations 12,365 9,958
Engineering and development expenses - industrial operations 134 216
Sales and marketing expenses - industrial operations 1,555 1,913
General and administrative expenses 12,353 12,040
Total costs and expenses 26,407 24,127
Operating loss (2,087) (9,324)
Equity securities investments:    
Change in fair value of equity securities (26,701) 3,343
Gain (loss) on sale of equity securities 28,861 (1,361)
Net realized and unrealized gain 2,160 1,982
Legal liability fee (6,243) 0
Change in fair value of the Series B warrants and embedded derivatives 0 16,651
(Loss) gain on foreign currency exchange (18) 80
Interest expense on Senior Secured Notes 0 (900)
Interest income and other, net 4,890 3,441
Total other income 789 21,254
(Loss) income before income taxes (1,298) 11,930
Income tax benefit (expense) 1,109 (2,483)
Net (loss) income including noncontrolling interests in subsidiaries (189) 9,447
Net loss attributable to noncontrolling interests in subsidiaries 3 0
Net (loss) income attributable to Acacia Research Corporation (186) 9,447
(Loss) income per share:    
Net (loss) income attributable to common stockholders - Basic $ (186) $ 5,958
Weighted average number of shares outstanding - Basic 99,745,905 47,971,931
Basic net income (loss) per common share (in usd per share) $ 0 $ 0.12
Net loss attributable to common stockholders - Diluted $ (186) $ (6,496)
Weighted average number of shares outstanding - Diluted 99,745,905 89,067,821
Diluted net income (loss) per common share (in usd per share) $ 0 $ (0.07)
Intellectual property operations    
Revenues:    
Total revenues $ 13,623 $ 4,176
Costs and expenses:    
Cost of revenues - intellectual property operations 7,001 4,738
Industrial operations    
Revenues:    
Total revenues 8,841 10,627
Costs and expenses:    
Cost of revenues - intellectual property operations 4,049 5,220
Energy operations    
Revenues:    
Total revenues 1,856 0
Costs and expenses:    
Cost of revenues - intellectual property operations $ 1,315 $ 0