Welcome to our dedicated page for Digimarc Corporation news (Ticker: DMRC), a resource for investors and traders seeking the latest updates and insights on Digimarc Corporation stock.
Digimarc Corporation (symbol: DMRC), based in Beaverton, Oregon, is a leading innovator and technology provider, empowering businesses and governments worldwide to enhance everyday living through advanced identification solutions. Digimarc's cutting-edge technologies enable the identification of various forms of content, including print, packaging, audio, video, and digital imagery.
The company's core offerings include the Digimarc Barcode and Digimarc Discovery platforms, which create a seamless way for computers and digital devices to interact with the world in a manner similar to human perception. This breakthrough allows consumers and organizations to access digital content effortlessly and intuitively.
Digimarc's technologies are embedded in tens of billions of objects globally, facilitating easy access to product information and digital content. The company’s flagship product, the Digimarc Illuminate platform, is a Software as a Service (SaaS) cloud-based solution that provides tools for applying digital watermarks and dynamic Quick Response (QR) codes. This platform includes software for digital twins, which enable various systems and devices to interact with these data carriers, and a centralized system for capturing insights about digital interactions and automating activities based on this information.
Revenue for Digimarc Corporation is generated through a combination of software development services, product subscriptions, related services, and patent licensing. The company's recent achievements include expanded partnerships and increased adoption of its technologies across diverse industries.
With a unified vision to enrich everyday living through pervasive and intuitive computing, Digimarc continually pushes the boundaries of digital connectivity by fostering more efficient and engaging interactions between digital devices and the physical world.
Digimarc (DMRC) reported Q3 2024 financial results with total revenue increasing to $9.4 million from $9.0 million in Q3 2023. Annual recurring revenue decreased to $18.7 million from $19.6 million year-over-year, mainly due to a delayed commercial contract renewal. Subscription revenue grew to $5.3 million from $4.8 million. The company reported a net loss of $10.8 million ($0.50 per share) compared to $10.7 million ($0.53 per share) in Q3 2023. Cash position improved to $33.7 million from $27.2 million at 2023 year-end.
Digimarc (Nasdaq: DMRC), a leader in digital watermarking technologies, will attend the 15th Annual Craig-Hallum Alpha Select Conference in New York City on Tuesday, November 19, 2024. The event will be held at the Sheraton New York Times Square Hotel. Digimarc's president and CEO, Riley McCormack, and CFO, Charles Beck, will represent the company. The Craig-Hallum research team has handpicked the companies attending the conference. For more information or to schedule a one-on-one meeting with Digimarc management, please contact your Craig-Hallum representative.
Digimarc (NASDAQ: DMRC) has launched Digimarc Validate, a new mobile app designed to combat counterfeit products. Available on both Apple App Store and Google Play Store, the app enables field agents to instantly authenticate products using proprietary digital watermarks integrated into product packaging. The solution requires only a smartphone camera and provides real-time authentication reports through the Digimarc Illuminate platform.
The app offers a covert, scalable security layer that helps brands protect revenue, ensure product authenticity, and gain insights across global supply chains. When digital watermarks are detected, users receive immediate authenticity confirmation, with suspicious items being flagged and reported in real-time.
Digimarc (Nasdaq: DMRC), a digital watermarking technology leader, has scheduled its third quarter 2024 earnings conference call for Thursday, November 14, 2024, at 5 p.m. Eastern time. CEO Riley McCormack, CFO Charles Beck, and CLO George Karamanos will host the call to discuss Q3 results, strategic priorities, and quarterly highlights. Financial results will be released before the call, including prepared remarks on Q3 achievements. The call will feature a Q&A session and can be accessed via telephone or webcast.
Digimarc (NASDAQ: DMRC) has announced a strategic partnership with a leading nutraceutical company to combat counterfeit products and food fraud. The partnership will utilize Digimarc Engage, including digital watermarking technologies, to enhance brand integrity and product authentication.
Digimarc's technology provides a covert, scalable layer of security integrated into packaging, easily verifiable with smartphones without special apps. This addresses the increasing threat of counterfeits in the nutritional supplement market, protecting brand reputation and consumer trust.
The digital watermarks offer an encrypted, covert solution that is highly effective in distinguishing genuine products from sophisticated fakes. This technology is easily integrated with existing workflows and is cost-effective for anti-counterfeiting in the nutraceutical sector.
Digimarc (NASDAQ: DMRC) has announced the release of the industry's first implementation of digital watermarking technology approved for use in the Coalition for Content Provenance and Authenticity's (C2PA) 2.1 standard. This development is important in ensuring the authenticity of digital content in the era of generative AI.
As co-chair of C2PA's watermarking task force, Digimarc is leading the fight against digital manipulation. The company's Digimarc Validate solution offers protection for content creators against media theft, unauthorized repurposing, and AI model training, while providing consumers with a way to verify content authenticity.
The integration of Digimarc's digital watermarking technology into C2PA 2.1 allows for the preservation of Content Credentials, even when metadata is stripped from assets. This standardization enables the use of digital watermarks from different providers, enhancing the integrity of digital assets across the web.
Digimarc (NASDAQ: DMRC) has released its new Digimarc Recycle sortation software, reducing the cost of Digimarc Recycle-compliant hardware by nearly 50%. This breakthrough lowers the barrier of entry for recycling facilities worldwide to deploy a more sophisticated solution for closed-loop recycling.
The software increases the precision and accuracy of sorting recycled materials by identifying digital watermarks on product packaging. It can determine packaging composition, food or non-food grade plastic, product variant, brand, and SKU. The latest version utilizes Graphics Processing Units (GPUs), reducing the compute cost of Digimarc's detection module by up to 70% while maintaining performance.
Digimarc Recycle is fully operational in the Hündgen material recovery facility in Germany, installed in a Pellenc ST sorting machine. Within a day, tens of thousands of Digimarc digital watermarked items were identified, demonstrating the technology's effectiveness at scale.
Digimarc (NASDAQ: DMRC) has announced the election of Sheila Cheston and Dana Mcilwain to its Board of Directors, effective October 1, 2024. Cheston, former General Counsel at Northrop Grumman, and Mcilwain, former Chief Administrative Officer at PwC, bring decades of leadership and expertise to Digimarc as it accelerates global growth. Cheston will serve on multiple committees, while Mcilwain joins the Audit and Governance committees. Simultaneously, Milena Alberti-Perez is resigning from the board.
The new board members are expected to contribute significantly to Digimarc's strategic growth, particularly in addressing global challenges through digital innovation. Their expertise aligns with Digimarc's mission to optimize retail operations, safeguard brands, and tackle environmental issues using its digital watermarking technology.
Digimarc (NASDAQ: DMRC) reported its Q2 2024 financial results, showing significant progress and exciting developments. Key highlights include:
- Annual Recurring Revenue (ARR) increased 44% to $23.9 million
- Subscription Gross Profit Margin expanded to 89%
- Total revenue increased to $10.4 million, up from $8.7 million in Q2 2023
- Subscription revenue grew to $6.4 million, compared to $4.7 million in Q2 2023
- Gross profit margin improved to 66%, up from 56% in Q2 2023
- Non-GAAP net loss decreased to $5.0 million or ($0.23) per share
The company's cash position strengthened, with cash, cash equivalents, and marketable securities totaling $41.5 million as of June 30, 2024.
Digimarc (DMRC), a leader in digital watermarking technologies, has scheduled its second quarter 2024 earnings conference call for Tuesday, August 13, 2024, at 5 p.m. Eastern time. The call will be hosted by CEO Riley McCormack, CFO Charles Beck, and CLO George Karamanos, who will discuss Q2 results, strategic priorities, and quarterly highlights. Financial results will be released before the call, along with a link to prepared remarks. The call will include a Q&A session. Interested parties can join via telephone or webcast. The toll-free number for US callers is 877-407-0832, while international callers can use 201-689-8433. The conference ID is 13743903.
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