Digimarc Corporation - DMRC STOCK NEWS

The Circular Plastic Taskforce (CPT) has partnered with Digimarc Corporation (DMRC) to test Digimarc® Recycle, a solution aimed at improving the sorting of flexible plastic packaging in Canada. This initiative, part of Phase II of the CPT, seeks to enhance recycling processes under the Extended Producer Responsibility regime. The project will initially involve testing specialized optical sorters in France, followed by larger-scale implementation in Quebec and Ontario in 2023. This partnership aims to address low recovery rates of flexible plastic packaging by enhancing traceability and sortation efficiency.

On June 8, 2022, Digimarc Corporation (Nasdaq: DMRC) announced the launch of its Digimarc Brand Integrity digital solution, designed to enhance product authenticity verification. This innovative approach assigns each product unit a serialized digital identity, accessible via various digital triggers, including Digimarc watermarks. The solution aims to combat counterfeiters by providing accurate, scalable product authentication, leveraging dual-factor authentication and cloud-based data. This helps brands manage their reputation and supply chain more efficiently, protecting against counterfeit products.

Digimarc Corporation (Nasdaq: DMRC) has partnered with Sealed Air (NYSE: SEE) to enhance product digitization at scale in various markets, including food proteins and consumer goods. This collaboration aims to improve authenticity, sustainability, and consumer experience through smart packaging. Over 70% of consumers prioritize product authenticity, highlighting the demand for transparency and ethical production. Together, the companies will leverage Sealed Air's new prismiq™ digital packaging solutions and Digimarc's digitization platform to deliver comprehensive solutions for brands.

Digimarc Corporation (NASDAQ: DMRC) reported a 11% revenue increase to $7.4 million in Q1 2022, boosted by the EVRYTHNG acquisition. Subscription revenue surged 30% to $3.8 million, with EVRYTHNG contributing $1.2 million. However, gross profit fell 23% to $3.3 million due to amortization expenses from the acquisition. Operating expenses skyrocketed by $8.8 million to $21.4 million, reflecting increased costs from EVRYTHNG. The net loss widened to $17.8 million, equating to $(1.03) per share. Cash and equivalents dropped to $24.9 million.

Digimarc Corporation (Nasdaq: DMRC) will hold a conference call on May 12, 2022, at 5:00 p.m. ET to discuss its Q1 2022 results. The call will be led by CEO Riley McCormack, CFO Charles Beck, and CLO Robert Chamness, who will provide financial updates and strategic priorities. A press release detailing the financial results will precede the call. Interested parties can join via telephone or by using the webcast link provided. For more information, visit Digimarc's Investor Relations page.

Digimarc Corporation (NASDAQ: DMRC) has announced a registered direct offering of 2,250,000 common shares at $25.90 each, aiming to raise approximately $58.3 million in gross proceeds. This offering is set to close on April 7, 2022, and will utilize the net proceeds for general corporate purposes. The shares are offered under a registration statement declared effective by the SEC on July 24, 2020. This move signifies ongoing efforts in product digitization, a key focus area for Digimarc.

Digimarc Corporation (Nasdaq: DMRC) announced the successful results of its HolyGrail 2.0 semi-industrial trial, showcasing an impressive 99% detection rate for digital watermarks in plastic packaging. These watermarks maintained high performance even under challenging conditions, enhancing the accuracy of sorting materials for recycling. As governments advocate for circular economies, Digimarc's technology is positioned to enable reliable identification and classification of packaging, aiding recycling efforts. CEO Riley McCormack emphasized the transformative impact of this technology on sustainability and business.

MERGE has appointed Keith Turco as the new Chief Growth Officer, aiming to enhance business growth in marketing services. Turco, a specialist in digital transformation with over 25 years of experience, will leverage his extensive background with renowned brands to propel MERGE's objectives. CEO Patrick Venetucci emphasized Turco's capabilities in driving traffic and transactions for their clients. MERGE, dedicated to merging storytelling with technology, has partnerships with major organizations including American Express and Facebook, supporting a workforce of over 750 employees across multiple locations.