Digimarc Q2 subscription revenue up 44% YoY to $4.7M; net loss narrows to $10.6M

Digimarc CORP

2023-Q2 EPS reported -$1.23 revenue$16,573,000

Subscription revenue from current products grew 59% YoY; total subscription revenue $4.7M (+44%).
Total revenue $8.7M (+13%); service revenue $4.1M (-10%) on lower HolyGrail recycling projects.
Subscription gross profit margin (non-GAAP) improved to 84% from 73% a year ago.
Net loss $10.6M ($0.53/share) vs $14.6M ($0.75) in Q2 2022; non-GAAP net loss $5.8M ($0.29).
Cash and securities $34.5M at June 30, 2023, down from $52.5M at Dec 31, 2022.

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 second quarter ended June 30, 2023 results: revenue $8.7 million, net income $10.6 million or $(0.53) per share, EPS $(0.53) per share.

Period: the second quarter ended June 30, 2023
Revenue: $8.7 million
Net income: $10.6 million or $(0.53) per share
EPS: $(0.53) per share
Result: reported results

Exact text from the filing

HolyGrail recycling projects, partially offset by $0.3 million of higher service revenue from the Central Banks . Total revenue for the second quarter of 2023 increased 13% to $8.7 million compared to $7.7 million in the second quarter of 2022 . Gross profit margin for the second quarter of 2023 increased to 56% compared to 52% in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-021650

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