Digimarc Q1 revenue up 6% to $7.8M; net loss narrows to $14M from $17.8M YoY

Digimarc CORP

2023-Q1 EPS reported -$0.70 revenue$7,843,000

Subscription revenue $3.9M (+2% YoY); service revenue $4.0M (+9% YoY).
GAAP net loss $14.0M ($0.70/sh) vs $17.8M ($1.03/sh) in Q1 2022.
Non-GAAP net loss $9.0M ($0.45/sh) vs $11.9M ($0.69/sh) in prior year.
Gross margin improved to 54% from 45%; cash & securities $43.0M vs $52.5M at Dec 2022.
Operating expenses down 11% to $19.0M; one-time severance of $2.1M in Feb 2023.

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 0.95

Digimarc CORP reported financial results for the first quarter ended March 31, 2023.

Period: the first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, Digimarc Corporation issued a press release announcing its financial results for the quarter-ended March 31, 2023.

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Digimarc CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-013583

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.