Acacia Research Corporation (NASDAQ:ACTG) Q3 2023 Earnings Call Transcript

MJ McNulty: Yes. John, just quickly on the numbers, the jury award was $37.5 million.

John Levin: Yes. My bad. I was [wondering] everything you say. Go ahead.

MJ McNulty: That’s okay. I don’t want to handicap what the total value of the portfolio is, but it’s substantial. When you look at the end market for Wi-Fi 6 and the total number of products that use Wi-Fi, the market opportunity there is very large. So I’m not going to estimate that it’s half or 1/4 or 3/4 or 100%. What I would say is that the market is very large for products that use the Wi-Fi technology that we have a patent on. And Mark and his team are continuing to execute very aggressively on taking advantage of that opportunity.

Operator: There are no further questions in queue at this time. I would now like to turn the floor back to management for closing remarks.

MJ McNulty: Thanks, Tom. Thanks, everyone, for joining the call. We’re really enthusiastic about the forward motion here. We’re very enthusiastic about Benchmark and our partnership with McArron and Kirk and the team at Benchmark. And we appreciate everyone joining the call. Thanks very much.

Operator: Thank you. This does conclude today’s conference call. You may disconnect your phone lines at this time, and have a wonderful day. Thank you for your participation.