Digimarc Corp Stock Price, News & Analysis

On November 15, 2021, Digimarc Corporation (NASDAQ: DMRC) will host a conference call at 8:00 AM Eastern to discuss its third-quarter financial results for the period ending September 30, 2021. CEO Riley McCormack, CFO Charles Beck, and CLO Robert Chamness will provide updates on key financial highlights and strategic priorities during the call. A press release detailing the financial results will precede the call. Interested parties may access the call live or via replay on the company’s investor webpage.

Digimarc Corporation (NASDAQ: DMRC) has announced the start of semi-industrial trials for the HolyGrail 2.0 initiative, aimed at improving intelligent waste sorting through digital watermarks. This phase is part of a collaborative effort with AIM – European Brands Association, and the Alliance to End Plastic Waste. Trials will occur in Denmark, France, and Germany, with demonstrations scheduled at Amager Resource Centre in Copenhagen on October 19 and November 18, 2021. The project has expanded to include over 130 organizations, showcasing significant industry collaboration.

Digimarc Corporation (NASDAQ: DMRC) reported a net loss of $15.4 million for Q2 2021, a 107% increase from Q2 2020, primarily due to a significant rise in operating expenses, which surged 65% to $19.7 million. The revenue for the quarter fell by 3% year-over-year to $6.3 million, driven by lower revenues from government services and commercial subscriptions. As of June 30, 2021, the company's liquidity position stood at $61.1 million.

Digimarc Corporation (Nasdaq: DMRC) has appointed Mignon Senuta as VP of ESG Engagement and Corporate Communications, marking the first executive hire under newly appointed President and CEO Riley McCormack. This new role emphasizes the company's commitment to its ESG strategy, enhancing stakeholder engagement and corporate communications. Senuta, previously with McDonald's, aims to drive transparency and inclusivity while aligning ESG factors with business decisions. This strategic move is intended to support Digimarc’s growth and address sustainability challenges in various sectors.

Digimarc Corporation (Nasdaq: DMRC) will hold a conference call on August 5, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results. The call will feature CEO Riley McCormack, alongside other executives, who will provide updates on financial performance and strategic priorities. A press release with results will precede the call. Participants can join the call via telephone or webcast, with details available on the company's website.

Digimarc specializes in digital watermarking solutions to enhance efficiency and security across supply chains.

Digimarc Corporation (NASDAQ: DMRC) announced the election of Ravi Kumar to its Board of Directors, effective June 26, 2021. Kumar, President at Infosys, will contribute his expertise in digital transformation and AI to support Digimarc's strategic focus on helping businesses adapt to digital changes. His experience includes overseeing enterprise solutions, data analytics, and public services at Infosys. Kumar expressed his enthusiasm to help businesses enhance sustainability and consumer safety through Digimarc's solutions.

Digimarc Corporation (Nasdaq: DMRC) announced that Esko has integrated its Digimarc Barcode detection into AVT Print Inspection Solutions, enhancing quality control for consumer goods manufacturers. This integration allows for real-time detection of Digimarc Barcodes on packaging, ensuring data accuracy and reducing reprinting costs by identifying issues during production. Wipak, a global packaging supplier aiming for carbon neutrality, is utilizing this solution for sustainable packaging. Esko plans to offer the integration as an upgrade for existing systems.

Digimarc Corporation (NASDAQ: DMRC) reported a revenue increase of 8% in Q1 2021, totaling $6.7 million compared to $6.2 million in Q1 2020. Subscription revenue rose by 19%, attributed to a new commercial contract. Operating expenses decreased by 4% to $12.6 million, leading to a decreased operating loss of $8.2 million.

The net loss also improved by 8% to $8.2 million or $(0.50) per diluted share, down from $(0.74) per diluted share a year earlier. Cash and equivalents at quarter-end totaled $70.7 million.