Significant Revenue Growth
Total revenue increased to $59.4 million, up 16% sequentially and 155% year-over-year, driven by the acquisition of Deflecto.
Strong Free Cash Flow Generation
Free cash flow for the quarter was $7.7 million with significant contributions from energy, manufacturing, and industrial operations.
Improved EBITDA Margins
Total company adjusted EBITDA was $8 million, and operated segment adjusted EBITDA was $12.6 million.
Successful Cost Management
Reduction in G&A expenses at Deflecto from $5.1 million to $4.6 million, showcasing effective cost management strategies.
Positive Developments in Intellectual Property
The IP segment generated $7.8 million in revenue, a significant increase from the prior year, with notable settlements and licenses.
Strong Balance Sheet
Acacia maintains a strong balance sheet with approximately $332 million in total cash, equity securities, and loans receivable.