Digimarc Corp Stock Price, News & Analysis

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.

Digimarc Corporation (Nasdaq: DMRC) announced the election of Katie Kool to its Board of Directors, effective July 1, 2022. Kool brings extensive experience as a former C-suite executive at Procter & Gamble and current CEO of Tide Cleaners, with a strong background in financial strategy and digital transformation. She will serve on the Audit and Compensation Committees, expected to enhance Digimarc's growth trajectory. CEO Riley McCormack emphasized her background as a valuable asset in scaling the company’s digital identification solutions.

Digimarc Corporation (NASDAQ: DMRC) reported a 28% increase in fourth quarter revenue to $7.1 million, driven by higher subscription and service revenue related to patent sales and HolyGrail 2.0 activities. Operating expenses rose 13% to $13.2 million, leading to a 5% increase in operating loss to $8.2 million. For the fiscal year 2021, revenue increased 11% to $26.5 million, while net loss grew 7% to $34.8 million or $(2.11) per share. Cash and equivalents decreased to $41.6 million from $77.7 million year-over-year.