ACTG - Earnings call transcript Q1 2019 | Acacia Research Corporation

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Operator

Good afternoon, and welcome ladies and gentlemen to the Acacia Research 2019 Quarter One Year-End Earnings Call. [Operator Instructions] I will now turn the conference over to Mr. Rob Fink. Please go ahead.

Rob Fink

Thank you, Operator. are Al today Press. and call the board Tobia members, Clifford Hosting

estimates relating estimates, beginning, remind events expectations the call Securities and during to those statements to would for generally that may of XXXX. Litigation current that forward-looking Before as of differ like forward-looking Private relates the on Company’s uncertainties. the objectives may provided are based statements risks you certain forward or current operations future I defined projected results about and forecasts and projections projections the looking information and future contain Reform to result future results trends. of are These plans, expectations, and as in Actual a from this Act materially

uncertainties, with of the on Form For such see described Acacia's on and reports the filed quarterly factors risk Form annual please in discussion XX-Q SEC. XX-K report Factors Risk a and

Please non-GAAP would News financial the Company’s would is the yours. during like & be measures, notes addition, In Easter in to Time, Events I of the accessed Al call yesterday With results which now that X-K non-GAAP as the as Tobia. remind disclosing under over at filed were to tab. release that may at turn SEC. website regarding that on yesterday and everyone issued the measures. call was the approximately I said, acaciaresearch.com Al, X:XX the with the financial other the well included to call all will press present our disclosures release, presentation earnings like financial a refer we to Company’s

Al Tobia

everyone. good and Rob, you, morning, Thank

Technology board Directors. that with achieved Board Development an CEO board. Credit joined Officer First reconstitution University; and we Luis Harvard Chief and Mergers Boston, Associate Rinaldini, & former important at Telecom of Isaac announced our Global and quarter, This recent Maureen Yesterday, Katharine January. additions Chairman successful and Provost of our a of and Groton Senior follows to Acquisitions Suisse Wolanyk Partners we at This in milestone our of Vice Kohlberg, the have of Head O'Connell

join also renowned an Isaac our He that royalties. to established been XXXX finance, announce in expert. impressive Isaac currently been is the and transactional property IP named IAM Further, Luis who in world a leads matters leading leader January. we XXXX. development. to through appointed connecting the enjoyed Katharine will is to organization. health with care are broad related recent commercial Maureen a Katharine named experience business. a Chairman valuable was career IP in intellectual Burford's strategist IP Board. who academic an of emphasis by in We pleased Luis innovation immensely Luis's and on pioneer and in technology Wolanyk, to has the has pharmaceutical has She be board

and attract him added rush join proud rebuilding four directors by Director, did meeting We are exceptional important throughout It qualifications. owe process. the Clifford to of supported past aftermath IP exemplary recruited and area. candidates this and few Allen and debt the have of in with us sciences. first who expertise, shareholder hesitate great Bradley, We a join previous success effort. We our was months gratitude. our not board all this are identify who We M&A on immediate to were did of very life the in our focused governance technology and not now very over I independent with

governance policies. will Meeting be enhanced finalizing We a Annual proxy preliminary with significantly for shortly the XXXX corporate

acquisition for acquisition our the and is costs. $X.XX balance sheet recruit quarter, shown of first a two of portfolios under the on number patent patent total million. During closed we This

opportunities and of Our growing team is financial proceeding prudently rigor. with pipeline a advancing

As noted, be the IP we to deeply dislocated. believe market

we While Clifford and over I a sheet results. financial is it solid opportunities, of review would to flexibility. maintain believe for evaluating a QX we balance call to turn expanded to the critical our continue now are actively like to

Clifford Press

Revenues and of $X file the for detail but and from Form short-term in March which up of December programs yesterday I'll portfolio. overview first XX, issued million involving you, report $X.X press end quarter, the SEC. quarter and in more provide the Cash shared, we active at have $XXX.X morning. expected We million. quarter good million an and results, were also as upcoming million Thank assertion the previously legacy release the the available approximately financial XX-Q, is will on investments totaled first currently eight $XXX XX. with

do not While generated expect we to revenues legacy opportunities settlements settlement additional are be our the additional last do revenues portfolio. license expect XXXX, significant while in likely – from these and we

team to the Our working new licensing invigorate is IP and patent pipeline.

scope activity deploy our and quality so of has scale, to investments deal As increased, new identify flow. the capital and has

we has of now appoint we in to working new an for diligently at like licenses quarter board effort time on Acacia. With be negotiated. executive to to to portfolio second our by reiterate our guidance In place, remaining results. a progress operations would shall file I We the team. limited the this are The at remaining number the report Acacia current closing,

net Operator? for our cash research new operations the $XX around that rate investing million year, in before million now to expect believe a and million, I'd run $X We $XX current full and from new $XX team IP IP of revenues CapEx. questions. approximately open budgeted we the call of a process million can of IP. For like

Operator

And Thank you conclude and disconnect. now conference. you time, may with today's will participation at your we no for this questions

Acacia Research (ACTG) 10 May 192019 Q1 Earnings call transcript