Acacia is estimating between $1.1 million and $1.5 million in annual revenues from licensing deals already made involving its controversial streaming media patent claims, the company announced October 22.
But the company also reported a third-quarter consolidated net loss of $5,832,000, far less a loss than the $20.6 million it stated as a third-quarter 2002 loss.
"(We) entered into 16 new licensing agreements for…Digital Media Transmission technology and recognized $186,000 of licensing revenues during the (third) quarter (of 2003), which did not include third quarter license fees due from a number of licensees, which will be recognized as revenues when received in the fourth quarter," said Acacia chairman and chief executive officer Paul Ryan in an official announcement.
Twelve of the sixteen new license deals were made after the third quarter ended, Ryan said.
Acacia's third-quarter consolidated revenues were $367,000 compared to $179,000 for the third quarter of 2002, with this year's quarterly revenue coming mostly from the streaming media patent licenses and from Acacia's CombiMatrix division, the latter involving a DNA microarray synthesizer.
But Acacia claimed its media technologies group had $41.532,000 in total assets as of September's end, compared to $47,212,000 at the end of 2002.
