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fitnessphotos · 10-28-2003, 06:34 PM

Looks like they are burning through cash and getting very little money in return for their "license fees".

Acacia Technologies Group
# (A Division of Acacia Research Corporation)

Financial Results

DMT license fee revenues for the third quarter of 2003 were $186,000 versus $43,000 in the comparable 2002 period. Since November 2002, the Acacia Technologies group has entered into 53 license agreements for its DMT technology. Sixteen (16) of these license agreements were executed in the third quarter of 2003. Subsequent to September 30, 2003, the Acacia Technologies group entered into an additional 12 license agreements. All of the Acacia Technologies group's DMT license agreements provide for recurring license fee payments to be made by the respective licensees over the term of the licenses.

The third quarter 2003 division net loss was $1,296,000 versus $5,275,000 in the comparable 2002 period. Included in the third quarter 2003 division net loss are non-cash patent amortization charges totaling $125,000 and depreciation charges totaling $28,000. Non-cash amortization of patents and depreciation charges totaled $465,000 and $55,000, respectively, in the comparable 2002 period. The third quarter 2002 division net loss also included a non-cash impairment charge totaling $2,748,000 related to a decline in fair value of a cost-method investment.

Marketing, general and administrative expenses decreased to $1,553,000 from $2,113,000 in the comparable 2002 period, primarily due to a reduction in professional fees related to Acacia Research Corporation's recapitalization and merger transactions completed in December 2002, a reduction in corporate legal expenses, and a reduction in overhead due to reduced general and administrative personnel compared to the prior year quarter. The decrease was partially offset by an increase in costs related to Acacia Technologies group's ongoing DMT patent commercialization and enforcement efforts, including increased legal and engineering costs related to new patent claims and the identification of additional potential licensees of our DMT technology.

Financial Condition

Total assets for the Acacia Technologies group were $41,532,000 as of September 30, 2003 compared to $47,212,000 as of December 31, 2002. Cash and cash equivalents and short-term investments totaled $34,525,000 as of September 30, 2003 compared to $39,792,000 as of December 31, 2002.

At this burn rate, you have to wonder when the company will realize that their cost of doing business in this model doesn't work.

10-28-2003, 06:34 PM
fitnessphotos Confirmed User Join Date: Dec 2002 Posts: 109	Looks like they are burning through cash and getting very little money in return for their "license fees". Acacia Technologies Group # (A Division of Acacia Research Corporation) Financial Results DMT license fee revenues for the third quarter of 2003 were $186,000 versus $43,000 in the comparable 2002 period. Since November 2002, the Acacia Technologies group has entered into 53 license agreements for its DMT technology. Sixteen (16) of these license agreements were executed in the third quarter of 2003. Subsequent to September 30, 2003, the Acacia Technologies group entered into an additional 12 license agreements. All of the Acacia Technologies group's DMT license agreements provide for recurring license fee payments to be made by the respective licensees over the term of the licenses. The third quarter 2003 division net loss was $1,296,000 versus $5,275,000 in the comparable 2002 period. Included in the third quarter 2003 division net loss are non-cash patent amortization charges totaling $125,000 and depreciation charges totaling $28,000. Non-cash amortization of patents and depreciation charges totaled $465,000 and $55,000, respectively, in the comparable 2002 period. The third quarter 2002 division net loss also included a non-cash impairment charge totaling $2,748,000 related to a decline in fair value of a cost-method investment. Marketing, general and administrative expenses decreased to $1,553,000 from $2,113,000 in the comparable 2002 period, primarily due to a reduction in professional fees related to Acacia Research Corporation's recapitalization and merger transactions completed in December 2002, a reduction in corporate legal expenses, and a reduction in overhead due to reduced general and administrative personnel compared to the prior year quarter. The decrease was partially offset by an increase in costs related to Acacia Technologies group's ongoing DMT patent commercialization and enforcement efforts, including increased legal and engineering costs related to new patent claims and the identification of additional potential licensees of our DMT technology. Financial Condition Total assets for the Acacia Technologies group were $41,532,000 as of September 30, 2003 compared to $47,212,000 as of December 31, 2002. Cash and cash equivalents and short-term investments totaled $34,525,000 as of September 30, 2003 compared to $39,792,000 as of December 31, 2002. At this burn rate, you have to wonder when the company will realize that their cost of doing business in this model doesn't work. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.