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) will hold a conference call on February 24, 2021, at 5:00 p.m. ET to discuss its Q4 and full-year 2020 results. The call will feature insights from CEO Bruce Davis and CFO Charles Beck, who will also update on market conditions. Financial results will be released prior to the call. Investors can participate via telephone or listen to a live broadcast and replay on the company's website.
Digimarc specializes in automatic identification technologies, offering innovative software solutions for various industries.
Digimarc Corporation (Nasdaq: DMRC) announced the appointment of Kelly Haggerty as the new Chief Product Officer, marking the establishment of a significant executive role. Reporting directly to the CEO, Haggerty aims to enhance the company's global technology platform for automatic media identification. His previous experience includes a successful tenure at Zix, where he escalated annual recurring revenue from $56 million to over $215 million. Haggerty's leadership is expected to drive growth and innovation within Digimarc's product management organization.
Digimarc Corporation (Nasdaq: DMRC) announced CEO Bruce Davis and company leaders will participate in key investor and industry events over the next two months, including the 23rd Annual Needham Virtual Growth Conference from January 11-15 and NRF 2021 on January 12-14, 19, and 21-22. They will also take part in the Global Organic Produce Expo (January 25-29) and the Sonoco FRESH Summit (February 24-26). These events will feature presentations, sponsorships, and networking opportunities, showcasing Digimarc's innovative identification solutions.
Digimarc Corporation (NASDAQ: DMRC) announced the activation of its seasonal toy catalog in partnership with Walmart for the second consecutive year, enhancing the shopping experience for consumers. The 2020 catalog features exclusive content accessible via the Walmart app, allowing users to scan select pages for additional toy information and experiences. This year, Scan & Shop technology is prominently integrated, making it easier for consumers to engage with the catalog. The initiative aims to provide valuable insights for company executives while enriching the interactive shopping experience.
Digimarc Corporation (NASDAQ: DMRC) reported its financial results for Q3 2020. Revenue remained unchanged at $5.8 million compared to Q3 2019, with service revenue growing 6%. However, subscription revenue dropped 10% due to a renegotiated contract. Operating expenses rose 2% to $12.2 million, influenced by $0.8 million in severance costs. The operating loss increased 4% to $8.4 million, and net loss grew 8% to $(0.68) per diluted share. Cash reserves improved to $62.7 million following a $53.5 million investment from TCM|Strategic Partners.
Digimarc Corporation (NASDAQ: DMRC) announced the election of Alicia Syrett, founder and CEO of Pantegrion Capital, to its Board of Directors, effective October 27, 2020. Her extensive experience in venture capital and advocacy for diversity aims to enhance Digimarc's strategic direction. Alongside her, Riley McCormack, founder of TCM|Strategic, also joins the board. The inclusion of these directors is expected to improve shareholder value and reflects Digimarc's commitment to diversifying expertise as it advances its market development and technology initiatives.
Digimarc Corporation (NASDAQ: DMRC) will host a conference call on October 28, 2020, at 5:00 p.m. ET, to discuss its Q3 2020 financial results and provide a market update. The call will be led by Chairman and CEO Bruce Davis and CFO Charles Beck. Interested parties can access the call through a live broadcast or playback via the company's website. To participate by phone, call 866-562-9934 for toll-free access or 706-679-0638 internationally. The call aims to inform stakeholders about performance and strategy execution.
TCM|Strategic has announced an agreement to acquire $53.5 million in common and convertible preferred equity of Digimarc Corporation (NASDAQ: DMRC). This investment reflects TCM|Strategic's belief that both the Legacy and Growth Businesses within Digimarc are undervalued. The financing aims to accelerate growth in Digimarc's Barcode business and is expected to support the company until it achieves profitability, even under conservative scenarios. TCM|Strategic suggests that future equity market access will aim to reduce rather than increase shares outstanding.
On September 29, 2020, Digimarc (NASDAQ: DMRC) announced a substantial $53.5 million investment from TCM|Strategic Partners, led by shareholder Riley McCormack. The investment consists of 2.5 million shares of common stock (19.9% of total) and convertible preferred shares, aimed at providing adequate working capital for future growth. McCormack will join the board, signaling strong backing for Digimarc's platform expansion and sustainability initiatives. Shareholder approval is needed for preferred share conversion.
On September 8, 2020, Digimarc (NASDAQ: DMRC) announced its selection as the principal technology for the HolyGrail 2.0 initiative, aimed at enhancing packaging recycling rates in the EU. The initiative, led by AIM and involving over 85 companies, follows the successful HolyGrail 1.0 project. Digimarc's digital watermarking technology will improve plastic sortation, collaborating with major brands like P&G, Nestle, and PepsiCo. Industry projections highlight the urgent need for improved recycling solutions amid increasing regulations.
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