Acacia Research Corporation (NASDAQ:ACTG) Q2 2022 Earnings Conference Call August 11, 2022 11:00 AM ET
Company Participants
Rob Fink - FNK, IR
Clifford Press - CEO
Richard Rosenstein - CFO
Conference Call Participants
Anthony Stoss - Craig-Hallum
Jeff Henriksen - Thorpe Abbotts Capital
Brett Reiss - Janney
David Hoff - Kubhera Enterprises
Operator
Good day, ladies and gentlemen, and welcome to the Acacia Research Second Quarter 2022 Financial Results Call. [Operator Instructions]
It is now my pleasure to turn the floor over to your host, Rob Fink of FNK IR. Sir, the floor is yours.
Rob Fink
Thank you, operator. Hosting the call today are Clifford Press, Chief Executive Officer; and Rich Rosenstein, Chief Financial Officer. Before beginning, I would like to remind everyone that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based on current estimates and projections, future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see the Risk Factors section described in Acacia's annual report on Form 10-K and quarterly reports on Form 10-Q that are filed with the SEC.
I'd also like to remind everyone that a press release disclosing the company's financial results were issued this morning before the market opened. This release may be accessed on the company's website at acaciaresearch.com under the News and Events tab.
With all that said, I'd now like to turn the call over to Clifford. Clifford, the call is yours.
Clifford Press
Thanks, Rob, and good morning, everyone.
Before discussing the results of the last quarter, if I look back over what has been achieved over the past 2.5 years, it's become clear that our ongoing partnership with Starboard has added immense value to Acacia.
Starboard's initial capital commitment enabled the company to establish the acquisition platform and initiate key initial investments. This relationship and the investments it has facilitated has propelled rapid value creation at the company. More importantly, it has allowed us to develop a differentiated approach to acquire operating entities and other assets as an advantaged buyer, unencumbered by the mandates and timelines that have constrained others.