earnings
confidence high
sentiment negative
materiality 0.65
Digimarc Q1 net loss widens to $17.8M; revenue up 11% to $7.4M
Digimarc CORP
2022-Q1 EPS reported
-$1.03
revenue$7,411,000
- Revenue $7.4M (+11% YoY); subscription revenue up 30% to $3.8M, driven by EVRYTHNG acquisition.
- Net loss $17.8M ($1.03/sh) vs $8.2M ($0.50/sh) in Q1 2021; non-GAAP loss $11.9M ($0.69/sh).
- Cash and marketable securities $24.9M at March 31, down from $41.6M due to EVRYTHNG closing costs.
- On April 7, 2022, completed registered direct offering of 2.25M shares at $25.90, gross proceeds $58.3M.
- Operating expenses rose to $21.4M from $12.6M, including $4.6M from EVRYTHNG and $0.6M impairment charge.