Acacia Research Corp.'s technologies group – the group which handles the company's controversial streaming media patent group, Digital Media Transmission – showed 35 times more revenue in the second quarter than in the same three months of 2003, but still lost $1.15 million, according to a report the company filed this week with the Securities and Exchange Commission.
The Acacia Technologies division showed revenue of $666,000 for April-June 2004, up from $19,000 in the same months of 2003, but net losses came to $1.05 million, down from $1.58 million a year earlier, the company reported. The revenues came from DMT licensing fee revenues, the company said announcing the SEC filing.
Acacia stock fell after a tentative Markman order from U.S. District Judge Joseph Ware earlier this month that sided with adult Internet challengers over Acacia when it came to some claim terms construction of the DMT patent group.
At this writing, shares of Acacia were reported at $3.30 on the high-tech NASDAQ composite, a cent above the stock's closing price at the end of the week that began with the Markman order. Earlier in the trading day, a share of Acacia was reported as high as $3.64.
The company has signed nine new DMT licensing deals since the Markman order, though they have not yet disclosed the companies involved. They also settled with On Command on a DMT licensing deal in early June, which Acacia chief executive Paul Ryan said joins their DMT licensing deals with LodgeNet, General Dynamics Interactive, and NXTV to "give us agreements with companies that provide over 90 percent of on-demand TV entertainment to the hotel industry in the United States."
