Acacia Research Corporation (NASDAQ:ACTG) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET

Company Participants

Brent Anderson – Gagnier Communications
MJ McNulty – Chief Executive Officer
Kirsten Hoover – Interim Chief Financial Officer

Conference Call Participants

Adam Eagleston – Formidable
Anthony Stoss – Craig-Hallum Capital
Brett Reiss – Janney

Operator

Good afternoon, ladies and gentlemen, and thank you for joining us for Acacia Research Second Quarter 2024 Earnings Conference Call. My name is Priala, and I’ll be your conference operator today. All lines are currently unmute to prevent any background noise. I would like to remind you that this conference is being recorded today and is available through audio webcast on the company’s website.

Following the speaker’s remarks, there will be time for questions. Analysts and investors are reminded that any additional inquiries can be directed to Acacia following today’s call at ir@acaciares.com.

I would now like to turn the conference over to Mr. Brent Anderson of Gagnier Communications. Mr. Anderson, you may begin your conference.

Brent Anderson

Thank you, operator. Leading today’s call are MJ McNulty, Acacia’s Chief Executive Officer; and Kirsten Hoover, Acacia’s Interim Chief Financial Officer. Before MJ and Kirsten begin their prepared remarks, please be reminded that information provided during this call may contain forward-looking statements relating to the 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 operation 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 described in Acacia’s Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC.

A press release disclosing the financial results was issued this afternoon. This release may be accessed on the company’s website under the Press Release’s section of the Investor Relations tab at acaciaresearch.com. The company also posted a new corporate overview presentation and Q2 2024 earnings presentation to its website, which can be found under the Events & Presentations tab.

I would now like to turn the call over to Acacia’s Chief Executive Officer, Mr. MJ McNulty, over to you.

MJ McNulty

Brent, thanks very much, and thank you all for joining us today to our second quarter earnings call. As many of you have heard me say, Acacia is a value oriented acquire of businesses across both the public and private markets. Require businesses where we can tap into our deep industry relationships, our significant capital base and transaction expertise to materially improve performance.