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Digimarc: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Digimarc (NASDAQ:DMRC) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 6.15% year over year to ($0.61), which beat the estimate of ($0.69).

Revenue of $5,751,000 declined by 1.32% from the same period last year, which beat the estimate of $5,750,000.

Guidance

Digimarc hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 28, 2020

View more earnings on DMRC

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/3bfi7pu5

Recent Stock Performance

Company's 52-week high was at $43.31

52-week low: $9.92

Price action over last quarter: Up 122.70%

Company Overview

Digimarc Corp provides a variety of digital identification services used to facilitate mobile-centric shopping and document security for banks. It enables governments, banks, retailers, consumer brands and other businesses to automatically and reliably identify and interact with virtual form of media. The products include Digimarc Barcode that enhances packaging and can be detected by enabled devices, such as smart phones, computers, barcode scanners and machine-vision equipment; and Digimarc Discover software that enables an ecosystem of connected devices to easily identify content or materials and deliver information. The majority of revenue is generated from development services of the Central Banks and from subscriptions of products and related services.

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