Acacia Research Corp. posts sharp gains in revenue and income for fiscal year 1995.PASADENA, Calif.--(BUSINESS WIRE)--March 14, 1996--Acacia Research Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ACRI) posted sharp gains in annual revenue and net income for the fiscal year ended Dec. 31, 1995. Total revenue in 1995 was $3,194,241. Earnings per share in 1995 increased to 81 cents, compared with a loss of 35 cents in 1994. Earnings per share in 1994 have been restated from a loss of 39 cents to a loss of 35 cents to reflect the change in carrying the company's investment in Whitewing White´wing` n. 1. (Zool.) The chaffinch; - so called from the white bands on the wing. Labs from a consolidated basis to the equity method in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . Whitewing Labs is a business developed by Acacia acacia (əkā`shə), any plant of the large leguminous genus Acacia, often thorny shrubs and trees of the family Leguminosae (pulse family). Research. ``Last year was a remarkable year for us,'' said R. Bruce Stewart Bruce Stewart is a writer born in New Zealand. (1936– ), of Ngati Raukawa, Te Arawa, Stewart is a fiction writer and dramatist who has expressed the anger, confused loyalties and spiritual aspiration of late-twentieth-century Maori. , president. ``Acacia Research has realized important milestones in its business plans, including the completion of a public offering for Whitewing Labs, the commencement of additional private investment partnerships managed by the company and the establishment of two new promising business development interests.'' -0- NOTE TO EDITORS: Acacia Research Corp. (ACRI) offers a range of investment opportunities to its clients and shareholders. The company has a combination of aggressive and conservative investment approaches in areas such as new business development, traditional capital management and shareholder participation. -0-
Acacia Research Corp. (ACRI)
Earnings Recap
Fiscal year ended
Dec. 31, 1995 Dec. 31, 1994
Revenue $ 3,194,241 $ -- Net income (after taxes) $ 2,063,372 $ (827,977) Earnings per share (fully diluted) 81 cents (35 cents) Weighted average number of shares outstanding 2,558,647 2,387,050 CONTACT: Acacia Research Corp., Pasadena R. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Stewart/Kathryn King-Van Wie, 818/449-6431 |
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