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 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.
Digimarc Corporation (Nasdaq: DMRC) will hold a conference call on August 5, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results. The call will feature CEO Riley McCormack, alongside other executives, who will provide updates on financial performance and strategic priorities. A press release with results will precede the call. Participants can join the call via telephone or webcast, with details available on the company's website.
Digimarc specializes in digital watermarking solutions to enhance efficiency and security across supply chains.
Digimarc Corporation (NASDAQ: DMRC) announced the election of Ravi Kumar to its Board of Directors, effective June 26, 2021. Kumar, President at Infosys, will contribute his expertise in digital transformation and AI to support Digimarc's strategic focus on helping businesses adapt to digital changes. His experience includes overseeing enterprise solutions, data analytics, and public services at Infosys. Kumar expressed his enthusiasm to help businesses enhance sustainability and consumer safety through Digimarc's solutions.
Digimarc Corporation (Nasdaq: DMRC) announced that Esko has integrated its Digimarc Barcode detection into AVT Print Inspection Solutions, enhancing quality control for consumer goods manufacturers. This integration allows for real-time detection of Digimarc Barcodes on packaging, ensuring data accuracy and reducing reprinting costs by identifying issues during production. Wipak, a global packaging supplier aiming for carbon neutrality, is utilizing this solution for sustainable packaging. Esko plans to offer the integration as an upgrade for existing systems.
Digimarc Corporation (NASDAQ: DMRC) reported a revenue increase of 8% in Q1 2021, totaling $6.7 million compared to $6.2 million in Q1 2020. Subscription revenue rose by 19%, attributed to a new commercial contract. Operating expenses decreased by 4% to $12.6 million, leading to a decreased operating loss of $8.2 million.
The net loss also improved by 8% to $8.2 million or $(0.50) per diluted share, down from $(0.74) per diluted share a year earlier. Cash and equivalents at quarter-end totaled $70.7 million.
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