earnings
confidence high
sentiment negative
materiality 0.65
Digimarc Q3 revenue up 22% to $7.8M; net loss widens to $14.9M
Digimarc CORP
2022-Q3 EPS reported
-$2.51
revenue$22,979,000
- Net loss of $14.9M ($0.76/share) vs $2.9M loss ($0.17) in Q3 2021; Non-GAAP loss $9.3M ($0.47).
- Revenue $7.8M (+22% YoY) driven by EVRYTHNG acquisition and a new $1.1M subscription contract.
- Operating expenses surged 62% to $19.7M, including $4.2M from EVRYTHNG and $1.4M severance.
- Cash and marketable securities $56.4M at Sept 30, 2022, up from $41.6M at Dec 31, 2021.
- Gross profit flat due to $1.0M amortization of EVRYTHNG developed technology intangible.