Digimarc Expands Partnership with Walmart in a New Multiyear Agreement
Digimarc Corporation (Nasdaq: DMRC) announced a multi-year agreement with Walmart to enhance store operations, ensuring minimum payments of $2.7 million in the first year and $5.8 million in the second year.
Sentiment and the balance of points
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Rhea-AI Summary
Digimarc Corporation (Nasdaq: DMRC) announced a multi-year agreement with Walmart to enhance store operations, ensuring minimum payments of $2.7 million in the first year and $5.8 million in the second year. This new arrangement expands upon the existing contract and includes a total remaining contract value of $7.3 million booked in the current quarter. CEO Riley McCormack expressed excitement about the partnership, highlighting Walmart's commitment to customer experience. The deal underscores Digimarc's role in product digitization.
Positive
- Multi-year agreement with Walmart to optimize store operations.
- Guaranteed minimum payment of $2.7 million in year one, increasing to $5.8 million in year two.
- Total remaining contract value of $7.3 million booked in the current quarter.
Negative
- None.
Details
News Market Reaction – DMRC
The recorded move for DMRC in the trading session of this news was -2.69%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
The deal covers an expanded deployment of Digimarc Platform capabilities
BEAVERTON, Ore., Dec. 1, 2022 /PRNewswire/ -- Digimarc Corporation (Nasdaq: DMRC) announced today that the company has entered into an additional multi-year agreement with Walmart to help further optimize store operations. The new agreement guarantees a minimum payment of
"Walmart is a forward-thinking technology leader with an unwavering focus on customer experience. We are thrilled to expand our partnership with them and look forward to sharing more details about this expansion in the coming months," says Riley McCormack, Digimarc CEO.
To learn more about the Digimarc Platform and product digitization suite, visit digimarc.com.
Digimarc is a global leader in product digitization, delivering business value across industries through unique identities and cloud-based solutions. A trusted partner in deterring digital counterfeiting of global currency for more than 20 years, Digimarc reveals a product's journey to provide intelligence and promote a prosperous, safer, and more sustainable world. With Digimarc, you can finally see everything. And when you see everything, you can achieve anything. For more information, visit us at digimarc.com.
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SOURCE Digimarc Corporation
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