Acacia Report Reveals Declining Revenue and Average Settlements Under $400K
- February 27, 2014
Acacia’s Q4 2013 financial report revealed that the company’s revenue continues to decline. Fourth-quarter revenue was 77% lower in 2013 at $15.1 million than the $66.3 million reported in 2012. Q4 revenue was generated by 24 licenses signed in the quarter, of which two licensees individually accounted for 35% ($5.3 million) and 11% ($1.7 million) of revenue. Excluding these two deals, and based on reported revenue, Acacia’s average settlement amount was less than $370,000. Three patent acquisitions were completed in the fourth quarter: the Austin Geo portfolio related to methods and systems for performing 3-D geological and geophysical modeling; a portfolio of patents covering cellular HSPA and LTE technology from an unnamed telecom equipment company; and the VoiceAge portfolio related to wideband speech and audio compression technology, which RPX reviewed as an open market opportunity in October 2012.