Strong Financial Performance
Acacia reported first quarter revenue of $124.4 million and total company adjusted EBITDA of $50.7 million, driven by gains in their Intellectual Property business and integration of acquired assets.
Intellectual Property Settlement
A significant IP settlement related to the WiFi portfolio delivered approximately $69 million in revenue, contributing $48 million in net proceeds.
Successful Integration of Acquisitions
Continued integration of Revolution assets within the Energy segment and first full quarter contributions from Deflecto improved revenue and operational efficiencies.
Energy Segment Resilience
Benchmark Energy generated significant free cash flow, repaying over 25% of $82 million debt drawn at close, and maintained production despite challenging weather.
Cash and Debt Management
Cash, cash equivalents, and equity securities totaled approximately $338.2 million pro forma, with zero parent company indebtedness.