BEAVERTON, Ore. (AP) _ Digimarc Corp. (DMRC) on Wednesday reported a loss of $5.8 million in its fourth quarter.
On a per-share basis, the Beaverton, Oregon-based company said it had a loss of 57 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The online marketing company posted revenue of $5.2 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $5.3 million.
For the year, the company reported that its loss widened to $21.7 million, or $2.36 per share. Revenue was reported as $21.8 million.
Digimarc shares have dropped 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.65, a fall of 16 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DMRC at https://www.zacks.com/ap/DMRC
Keywords: Digimarc, Earnings Report