Digimarc Corp Stock Price, News & Analysis

Digimarc Corporation (NASDAQ: DMRC) plans to hold a conference call on March 2, 2022, at 5:00 p.m. ET to discuss the fourth quarter and full year results for 2021. Management, including CEO Riley McCormack and CFO Charles Beck, will present financial highlights and strategic updates, followed by a Q&A session. Financial results will be released prior to the call. Interested parties can join via the provided toll-free or international numbers.

Digimarc Corporation (Nasdaq: DMRC) announced the successful acquisition of EVRYTHNG Ltd, enhancing its digital identification solutions. The deal positions Digimarc to enter a burgeoning market with EVRYTHNG's leading Product Cloud, which connects product data for improved visibility and consumer engagement. This acquisition adds 65 employees and expands Digimarc's global reach, linking operations in North America and Europe. Details on transaction specifics will be disclosed in a forthcoming SEC filing.

Digimarc Corporation (NASDAQ: DMRC) has announced its definitive agreement to acquire EVRYTHNG Limited, a leader in product intelligence, in a stock transaction. This acquisition aims to enhance Digimarc's capabilities by merging its unique identification technologies with EVRYTHNG's advanced product data management solutions. Set to close in January 2022, the merger will allow for improved customer solutions and expanded market reach. Both companies share aligned values and aim to drive innovation, facilitating sustainable supply chains and empowering consumer trust in product authenticity.

Digimarc Corporation (NASDAQ: DMRC) reported a 12% revenue increase in Q3 2021, totaling $6.4 million, driven by growth in Commercial and Government services. Operating expenses remained unchanged at $12.2 million, with a 5% reduction in operating loss to $8.0 million. Net loss improved significantly to $2.9 million ($0.17 per diluted share) from $8.4 million ($0.68 per diluted share) year-over-year. Additionally, a $5.1 million gain from PPP loan forgiveness contributed to the financial results. At the end of Q3, cash reserves totaled $52.5 million, down from $77.7 million in December 2020.

Digimarc Corporation (Nasdaq: DMRC) has appointed Ken Sickles as Chief Product Officer, enhancing its leadership team. Reporting to CEO Riley McCormack, Sickles will play a vital role in advancing Digimarc's technology platform for digital media identification. His previous experience includes serving as CTO/CPO at ThinkTank, contributing to its acquisition by Accenture. Sickles aims to leverage Digimarc's innovative technology to aid companies in their digital transformation journeys, emphasizing safety and sustainability.

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.