NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Thursday reported a loss of $4.4 million in its first quarter.
On a per-share basis, the Newport Beach, California-based company said it had a loss of 9 cents. Losses, adjusted for one-time gains and costs, came to 10 cents per share.
The technology patent licensor posted revenue of $3.4 million in the period.
Acacia Research expects full-year revenue of $25 million.
In the final minutes of trading on Thursday, the company's shares hit $3.14. A year ago, they were trading at $3.80.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACTG at https://www.zacks.com/ap/ACTG