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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 announced a conference call scheduled for May 10, 2023, at 5 p.m. Eastern Time to discuss its first-quarter financial results for the period ending March 31, 2023. CEO Riley McCormack, CFO Charles Beck, and CLO Joel Meyer will provide insights on strategic priorities and quarterly highlights. The financial results will be released ahead of the call. Participants can join via telephone or through a webcast link provided in the announcement. Digimarc specializes in product digitization, enhancing business value through unique identifiers and cloud solutions, while combating digital counterfeiting for over 20 years.
Digimarc Corporation (NASDAQ: DMRC) reported its Q4 and FY 2022 financial results. Q4 2022 subscription revenue rose 13% to $4.1 million, driven by new contracts despite a $1.0 million revenue decline from patent sales in Q4 2021. Total revenue for Q4 increased 1% to $7.2 million, while service revenue fell 11% to $3.1 million.
Net loss for Q4 was $12.4 million or $(0.62) per share, compared to a $8.2 million loss in Q4 2021. For FY 2022, subscription revenue grew 32% to $15.2 million, with a total revenue increase of 14% to $30.2 million. However, the net loss widened to $59.8 million or $(3.12) per share.
Digimarc Corporation (NASDAQ: DMRC) will host a conference call on March 1, 2023, at 5:00 p.m. Eastern Time to discuss its fourth-quarter and full-year results for 2022. The call will feature CEO Riley McCormack, CFO Charles Beck, and CLO Joel Meyer, who will provide financial updates and strategic insights, followed by a Q&A session. Interested parties can join via phone or access the webcast through the provided link. Digimarc specializes in product digitization and has been a leader in preventing digital counterfeiting for over 20 years, helping reveal product journeys for increased transparency and security.
Digimarc Corporation (NASDAQ: DMRC) has announced the selection of France as the European pilot market for its Digimarc Recycle initiative, part of the Digital Watermarks Initiative HolyGrail 2.0. This follows successful semi-industrial trials demonstrating that digital watermarking technology can transform recycling. The trials showed a remarkable 99% average detection rate for plastic packaging. The initiative aims to improve the recycling process by linking covert digital watermarks to product attributes, enabling better sorting and enhancing the sustainability of the packaging value chain.
Digimarc Corporation (Nasdaq: DMRC) has announced a five-year extension of its agreement with the Central Bank Counterfeit Deterrence Group (CBCDG), effective from January 1, 2023 to December 31, 2029. This extension was granted two years early and reflects Digimarc's critical role in supporting global currency counterfeit deterrence efforts. Both parties express satisfaction with the renewal, emphasizing the importance of continued collaboration. Digimarc has been a trusted partner in this initiative for over 20 years, providing vital solutions for central banks worldwide.
Digimarc Corporation (Nasdaq: DMRC) announced a multi-year agreement with Walmart to enhance store operations, ensuring minimum payments of $2.7 million in the first year and $5.8 million in the second year. This new arrangement expands upon the existing contract and includes a total remaining contract value of $7.3 million booked in the current quarter. CEO Riley McCormack expressed excitement about the partnership, highlighting Walmart's commitment to customer experience. The deal underscores Digimarc's role in product digitization.
Digimarc Corporation (NASDAQ: DMRC) reported a 22% increase in revenue for Q3 2022, reaching $7.8 million compared to $6.4 million in Q3 2021. This growth is attributed to subscription and service revenue, including $1.1 million from a new commercial contract, despite declines from sunsetting its Piracy Intelligence product. Operating expenses surged 62% to $19.7 million, mainly due to the acquisition of EVRYTHNG and higher compensation costs. The net loss expanded to $14.9 million or $(0.76) per share, compared to a $2.9 million loss a year earlier.
Digimarc Corporation (Nasdaq: DMRC) will hold a conference call on November 3, 2022, at 5:00 p.m. Eastern time, to discuss its Q3 2022 financial results. The call will feature CEO Riley McCormack, CFO Charles Beck, and CLO Joel Meyer, who will provide insights into quarterly highlights and strategic priorities. A press release with financial results will precede the call. Participants can join via a toll-free number or through a webcast link.
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