Acacia Research reports Q1 GAAP EPS 0c vs. (7c) last year

Reports Q1 revenue $24.3M vs. $14.8M last year. Martin (D. McNulty, Jr., CEO, stated, “With the establishment of our strategic partnership with Benchmark Energy, and through its most recent acquisition, we have significantly diversified our portfolio and created a new value-creation platform in the Oil and Gas space. The recent sale of our Arix position completes the divestment of all public life science assets, significantly expanding our capital base which we continue to reallocate into new opportunities.”