earnings
confidence high
sentiment negative
materiality 0.65
Digimarc Q4 revenue up 28% to $7.1M; FY net loss $34.8M, cash down to $41.6M
Digimarc CORP
- Q4 revenue $7.1M (+28% YoY); subscription revenue from 10 non-core patent sales and HolyGrail 2.0 service revenue.
- Q4 net loss $8.2M ($0.50 loss per share) vs $7.8M ($1.27 loss per share) in prior year (prior year had $11.4M adjustment).
- FY2021 revenue $26.5M (+11% YoY); operating loss $39.9M, net loss $34.8M ($2.11 loss per share).
- Cash and marketable securities $41.6M at Dec 31, 2021 vs $77.7M a year ago, a decline of $36.1M.
- Non-recurring costs: $1.0M for EVRYTHNG acquisition in Q4; $6.2M former CEO separation; $5.1M PPP loan forgiveness gain.