Digimarc Q4 net loss widens to $12.4M; FY2022 revenue up 14% but losses deepen

Digimarc CORP

2022-FY EPS reported -$3.12 revenue$30,197,000

Q4 total revenue $7.2M (+1% YoY); subscription revenue $4.1M (+13%), service revenue $3.1M (-11%).
Q4 GAAP net loss $12.4M ($0.62 loss per share) vs $8.2M ($0.50 loss) in Q4 2021.
FY2022 total revenue $30.2M (+14%); net loss $59.8M ($3.12 loss) vs $34.8M ($2.11 loss) in FY2021.
Non-GAAP net loss FY2022 $38.6M ($2.02 loss) vs $24.2M ($1.47 loss) in FY2021.
Cash and marketable securities $52.5M at Dec 31, 2022, up from $41.6M at Dec 31, 2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Digimarc CORP reported the fourth quarter ended December 31, 2022 results: revenue $7.2 million, net income $12.4 million, EPS $(0.62) loss per common share.

Period: the fourth quarter ended December 31, 2022
Revenue: $7.2 million
Net income: $12.4 million
EPS: $(0.62) loss per common share
Result: reported results

Exact text from the filing

Total revenue for the fourth quarter of 2022 increased 1% to $7.2 million compared to $7.1 million in the fourth quarter of 2021. Gross profit for the fourth quarter of 2022 was $3.8 million compared to $5.0 million in the fourth quarter of 2021, primarily reflecting $1.1 million of amortization expense recognized in the fourth quarter of 2022 on the developed technology intangible asset acquired in the EVRYTHNG acquisition . Non-GAAP gross profit for the fourth quarter of 2022 was $5.2 million compared to $5.3 million in the fourth quarter of 2021 . Operating expenses for the fourth quarter of 2022 increased 30% to $17.1 million compared to $13.2 million in the fourth quarter of 2021, primarily reflecting $2.9 million of operating expenses from EVRYTHNG post acquisition, $1.2 million of higher compensation costs due to annual compensation adjustments and higher headcount, and $0.3 million in non-cash lease impairment charges, partially offset by a reduction in other expenses. Non-GAAP

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Digimarc CORP reported the fiscal year ended December 31, 2022 results: revenue $30.2 million, net income $59.8 million, EPS $(3.12) loss per common share.

Period: the fiscal year ended December 31, 2022
Revenue: $30.2 million
Net income: $59.8 million
EPS: $(3.12) loss per common share
Result: reported results

Exact text from the filing

Total revenue for fiscal year 2022 increased 14% to $30.2 million compared to $26.5 million in fiscal year 2021 . Gross profit for fiscal year 2022 was $15.3 million compared to $17.7 million in fiscal year 2021 , primarily reflecting $4.4 million of amortization expense recognized in fiscal year 2022 on the developed technology intangible asset acquired in the EVRYTHNG acquisition, partially offset by gross profit contribution from higher subscription revenue. Non-GAAP gross profit for the fiscal year 2022 was $21.3 million compared to $19.0 million in fiscal year 2021 . Operating expenses for fiscal year 2022 increased 34% to $77.1 million compared to $57.6 million in fiscal year 2021 , primarily reflecting $15.8 million of EVRYTHNG operating expenses post acquisition, $6.6 million of higher compensation costs due to annual compensation adjustments and higher headcount, and $0.9 million in non-cash lease impairment charges, partially offset by $6.2 million of costs recognized in the

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Source: SEC EDGAR

accession 0001437749-23-005088

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