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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 14,803 $ 13,507
Costs and expenses:    
Cost of revenues - intellectual property operations 9,958 8,756
Engineering and development expenses - industrial operations 216 190
Sales and marketing expenses - industrial operations 1,913 2,016
General and administrative expenses 12,040 11,053
Total costs and expenses 24,127 22,015
Operating loss (9,324) (8,508)
Equity securities investments:    
Change in fair value of equity securities 3,343 (172,203)
(Loss) gain on sale of equity securities (1,361) 66,876
Net realized and unrealized gain (loss) 1,982 (105,327)
Change in fair value of the Series A and B warrants and embedded derivatives 16,651 28,098
Gain (loss) on foreign currency exchange 80 (813)
Interest expense on Senior Secured Notes (900) (2,601)
Interest income and other, net 3,441 1,007
Total other income (expense) 21,254 (79,636)
Income (loss) before income taxes 11,930 (88,144)
Income tax (expense) benefit (2,483) 14,878
Net income (loss) including noncontrolling interests in subsidiaries 9,447 (73,266)
Net income attributable to noncontrolling interests in subsidiaries 0 0
Net income (loss) attributable to Acacia Research Corporation 9,447 (73,266)
Income (loss) per share:    
Net income (loss) attributable to common stockholders - Basic $ 5,958 $ (75,117)
Weighted average number of shares outstanding - Basic 47,971,931 46,544,313
Basic net income (loss) per common share (in usd per share) $ 0.12 $ (1.61)
Net loss attributable to common stockholders - Diluted $ (6,496) $ (75,117)
Weighted average number of shares outstanding - Diluted 89,067,821 46,544,313
Diluted net income (loss) per common share (in usd per share) $ (0.07) $ (1.61)
Intellectual property operations    
Revenues:    
Total revenues $ 4,176 $ 2,615
Costs and expenses:    
Cost of revenues - intellectual property operations 4,738 4,564
Industrial operations    
Revenues:    
Total revenues 10,627 10,892
Costs and expenses:    
Cost of revenues - intellectual property operations $ 5,220 $ 4,192