Xperi’s first quarter 2018 net loss almost triples on lower tax benefit

Xperi Corp. (XPER), the technology and patent licensing company run by CEO Jon Kirchner, said its first quarter net loss almost tripled to $33 million, or 67 cents a share, as revenue declined and it received a much lower benefit from income taxes. San Jose, California-based Xperi said its first quarter net loss compared with [...]

By | May 3rd, 2018|earnings, Patent Investing|0 Comments

Acacia swings to much wider first quarter loss on unrealized loss on Veritone investment

Acacia Research Corp. (ACTG), the patent licensing company that is fighting a proxy battle with Sidus Investment Management and BLR Partners over risky investments in technology startups, swung to a much bigger first quarter 2018 net loss because of an unrealized loss on an investment in Veritone Inc. (VERI), the artificial intelligence based advertising platform. [...]

By | May 2nd, 2018|earnings, Patent Investing|0 Comments

(Update8) Private equity firm HGGC to acquire RPX for $555M, RPX posts decline in first quarter earnings

HGGC, a middle market private equity firm run by CEO Rich Lawson, agreed to acquire RPX Corp. (RPXC), the patent aggregator run by CEO Martin Roberts, for a price of $10.50 a share or about $555 million. Palo Alto, California-based HGGC has $4.3 billion in capital commitment and since 2007 has completed more than 90 [...]

By | May 1st, 2018|earnings, Patent Investing|0 Comments

(Update1) InterDigital posts 11.5% decline in 1st-Qtr profit due to new revenue recognition standard

InterDigital Inc. (IDCC), the mobile technology development and licensing company run by CEO William Merritt, posted an 11.5% decline in first quarter 2018 net income because of the adoption of a new revenue recognition standard. The Wilmington, Delaware-based company said its first quarter earnings fell top $29.9 million, or 84 cents a share, from $33.8 [...]

By | April 26th, 2018|earnings, Patent Investing|0 Comments

(Update1) Qualcomm posts 75% drop in fiscal 2nd-Qtr profits due to royalty dispute with Apple

Qualcomm Inc. (QCOM), the semiconductor technology and licensing company run by CEO Steve Mollenkopf, posted a 75% drop in net income in the fiscal second quarter of 2018, driven in part by on ongoing dispute with Apple and its contract manufacturers. San Diego, California based Qualcomm said second quarter net income fell to $400 million, [...]

By | April 25th, 2018|China, earnings, litigation, Patent Investing|0 Comments

Finjan is exploring strategic opportunities including acquisitions after record first quarter results

Finjan Holdings Inc. (FNJN), the cybersecurity technology licensing company run by CEO Phil Hartstein, said it is exploring strategic opportunities to expand its core competency of patent enforcement and possible acquisitions after posting unaudited results that included a record $65 million in first quarter revenue and net income of $42.9 million, or $2.90 a share. [...]

By | April 5th, 2018|earnings, Patent Investing|0 Comments

Marathon expects 2017 revenue to plunge 99% due to decline in patent licensing business

Marathon Patent Group Inc. (MARA), the patent licensing company that was forced to turn over three patent portfolios to cure a default on about $16 million in debt owed to a unit of Fortress Investment Group, said it expects its revenue for the 2017 to plunge 99% to $519,622 from $36.9 million, in 2016. The [...]

By | April 2nd, 2018|earnings, Patent Investing|0 Comments

Inventergy expects 2017 earnings of $33.8M on gain from extinguishment of Fortress debt

Inventergy Global Inc. (INVT), the patent licensing company forced to turn over its patent portfolio to unit of Fortress Investment Group after a default on debt, said it expects its net income for 2017 to be $33.8 million because of a $40.8 million gain on extinguishment of debt related to the transfer of its patents [...]

By | April 2nd, 2018|earnings, Patent Investing|0 Comments

ParkerVision posts wider 4th Qtr loss on higher expenses related to Milo launch

ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeff Parker, posted a wider net loss in the fourth quarter as expenses related to its Milo wireless product and related to patent enforcement outpaced revenue. The Jacksonville, Florida-based company said its fourth quarter net loss was $6.3 million, or 32 cents a share, compared [...]

By | March 29th, 2018|earnings, Patent Investing|0 Comments

(Update1) BlackBerry rides arbitration award and revenue from software, IP licensing to post $405M profit for fiscal 2018

BlackBerry Ltd. (BB), the software and patent licensing company run by CEO John Chen, posted a net profit of $405 million, or 74 cents a share in fiscal 2018, driven by an arbitration award of $683 million related to licensing disputes with Qualcomm Inc. (QCOM)  and Nokia and higher revenue from enterprise software and services [...]

By | March 28th, 2018|earnings, Patent Investing|0 Comments