Digimarc Q2 net loss $15.4M ($0.94/sh) on $6.3M revenue; CEO separation costs $7.5M

Digimarc CORP

2021-Q2 EPS reported -$1.44 revenue$12,978,000

Revenue $6.3M, down 3% YoY ($6.5M) on lower Government services and Commercial subscriptions.
Net loss $15.4M ($0.94 per diluted share) vs $7.5M ($0.62) a year ago, more than doubled.
Operating expenses $19.7M, up 65% YoY, including $7.5M non-recurring costs from former CEO separation and severance.
Excluding non-recurring items, net loss was $7.9M ($0.48 per share), up 6% YoY.
Cash and marketable securities $61.1M at quarter-end, down from $77.7M at Dec 31, 2020.

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