Roth Capital Cuts Price Target on Marathon Patent Group (MARA) Following 2Q EPS Miss
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Marathon Patent Group and Uniloc Agree to Merge
August 14, 2015 4:59 PM EDTLOS ANGELES, CA and LUXEMBOURG CITY, LUXEMBOURG -- (Marketwired) -- 08/14/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA)
Industry leading management team with proven track record Highly scalable business model with significant operating leverage $93.6 million pro forma combined licensing revenue over last 30 months of operations (unaudited) $37.5 million pro forma combined licensing revenue over trailing twelve months of operations (unaudited) 119 active defendants and 101 trials projected through 2017 Up to 150 additional potential licensees Large, diversified and active patent portfolio consisting of 662 patents Scale and diversification potentially eliminates dependence... MoreMarathon Patent Group, Inc. Announces Second Quarter 2015 Financial Results
August 14, 2015 4:56 PM EDTLOS ANGELES, CA -- (Marketwired) -- 08/14/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today financial results for the second quarter ended June 30, 2015.
2015 Second Quarter Results
Marathon generated revenues of $1.4 million and $5.5 million during the three and six months ended June 30, 2015, as compared to $3.8 million and $6.6 million during the three and six months ended June 30, 2014. For the three and six months ended June 30, 2015, this represented a decrease of $2.5 million or 64% and $1.1 million or 17%, respectively. Revenue for the three and six months ended June 30, 2015 was... More
