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 Corporation (Nasdaq: DMRC) has partnered with Practical Methods from South Korea to license its edgecode offering, which utilizes serialized Digimarc Barcode technology for anti-counterfeiting and supply chain visibility. Practical Methods targets industries such as cosmetics, pharmaceuticals, and food, enhancing brand protection. The edgecode solution is designed for connected packaging and variable data printing, optimized for mobile scanning in Asia. This collaboration aims to bolster traceability and protect brand reputation across various sectors.
Digimarc Corporation (NASDAQ: DMRC) has announced the immediate retirement of Bruce Davis as President and CEO, along with his exit from the Board of Directors. Riley McCormack, currently serving as Lead Director, has been appointed as the new CEO. Alicia Syrett takes the role of Board Chair, with the board size reduced from 10 to 8 members. The company reported preliminary first-quarter bookings of $2.1 million, marking a 14% year-over-year increase and a significant rise from previous quarters. Digimarc expects to exceed analysts' revenue estimates for the quarter.
Multi-Color Corporation (MCC) and Digimarc Corporation (NASDAQ: DMRC) have announced a partnership to enhance food safety and traceability through the serialization of product packaging using Digimarc Barcode. This initiative aims to mitigate the financial impact of food recalls, estimated at $29 million per occurrence. Additionally, MCC is working with Orkla to implement digital watermarking for improved plastic sorting, promoting sustainability. The collaboration seeks to provide consumer brands with comprehensive solutions for tracking products throughout the supply chain and improving recycling processes.
Digimarc Corporation (NASDAQ: DMRC) has elected Sandeep Dadlani to its Board of Directors effective March 12, 2021. Dadlani, currently the Global Chief Digital Officer at Mars, brings over 23 years of experience in digital transformation and supply chain management. He aims to drive the adoption of the Digimarc Platform within consumer goods sectors. His background includes prominent roles at Infosys and contributions to global supply chain sustainability initiatives. This strategic addition to the board is expected to enhance Digimarc's growth objectives.
PACCOR has been named a Platinum Pioneer Plastics Partner by Digimarc (NASDAQ: DMRC), highlighting their collaborative effort in enhancing plastic packaging sustainability. This partnership aims to create solutions for the high-speed sorting of plastic items using Digimarc Barcode, thereby improving recyclability. PACCOR will utilize various production technologies to incorporate Digimarc's digital identification into its packaging, supporting the circular economy. Both companies aim to further the initiative towards sustainable packaging amidst increasing regulatory demands.
Digimarc Corporation (NASDAQ: DMRC) reported a 4% revenue increase in Q4 2020, totaling $5.6 million, compared to $5.3 million in Q4 2019. Service revenue grew by 7%, while subscription revenue rose 1%. Operating expenses decreased 6% to $11.7 million, leading to a 12% reduction in operating loss, now at $7.8 million. For FY 2020, revenue also increased 4% to $24.0 million, but net loss decreased only 1% to $32.5 million. Year-end cash and equivalents rose significantly to $77.7 million.
Digimarc Corporation (NASDAQ: DMRC) has appointed Sheela Zemlin to its Board of Directors, effective February 22, 2021. Zemlin brings extensive experience from her roles in SaaS, including at PwC and high-growth software firms such as Bill.com. Her expertise in sales, marketing, and corporate strategy will enhance the board's capabilities, particularly in ESG initiatives. Zemlin expressed enthusiasm for driving adoption of the Digimarc Platform across various sectors, including retail and supply chain. Chairman Bruce Davis highlighted her potential to influence the company's market strategies.
On February 23, 2021, Digimarc Corporation (NASDAQ: DMRC) announced the election of Riley McCormack as Lead Director of its Board, effective February 22, 2021. McCormack, a seasoned investor and founder of TCM|Strategic, succeeds Jim Richardson and has a strong background in investment management. He aims to advocate for shareholders' interests and enhance the company's Environmental, Social, and Governance (ESG) practices. McCormack plans to collaborate with the Board to tackle global challenges like plastic pollution and food waste.
Digimarc Corporation (Nasdaq: DMRC) has appointed Tim Price as its new Chief Revenue Officer (CRO), a position aimed at enhancing global commercialization of the Digimarc Platform. This decision follows the appointment of Kelly Haggerty as Chief Product Officer. Price, with over 30 years of experience, previously drove revenue growth at Smarsh, increasing revenues from $45 million to over $150 million. The leadership change is positioned to drive demand and growth for the platform, emphasizing sustainability and brand protection.
Digimarc Corporation (Nasdaq: DMRC) announced the launch of its products, Digimarc Barcode for Digital Images and Serialization for the Supply Chain, on the Microsoft Azure Marketplace. This availability allows Digimarc's customers to leverage Azure's scalability, security, and high availability for enhanced deployment.
The Digimarc Barcode helps businesses manage and protect product images with a unique digital identity, while the Serialization solution enhances traceability in the supply chain, supporting consumer safety and real-time product insight.
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