Falling Income, Revenue Plague RPX
RPX (NASDAQ: RPXC) has followed an interesting trajectory as a company. Initially set up to provide services to manage patent litigation risk, RPX did its best to flesh out that industry to its fullest. More recently, it expanded to offer a wider array of services in the area of legal discovery proceedings in the hope that greater exposure would produce lasting growth opportunities. Yet it has been a challenge for RPX to grow to its full potential.
Coming into Monday's third-quarter earnings report, RPX investors were resigned to the idea that the company wouldn't be able to grow its top or bottom lines. RPX's results indeed reflected the challenges that the business faces, but it remains optimistic about its ability to identify new ways to thrive in the future. Let's take a closer look at RPX and what its latest results say about its strategic direction.
RPX seeks to keep its clients out of the courtroom. Image source: Getty Images.
Source: Fool.com
