Recap: Digimarc Q2 Earnings

Shares of Digimarc DMRC moved higher by 2.3% after the company reported Q2 results.

Quarterly Results

Earnings per share increased 8.82% over the past year to ($0.62), which beat the estimate of ($0.71).

Revenue of $6,497,000 rose by 5.13% year over year, which beat the estimate of $6,240,000.

Guidance

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

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

Conference Call Details

Date: Jul 29, 2020

Time: 05:00 PM

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

Technicals

Company's 52-week high was at $51.35

Company's 52-week low was at $9.92

Price action over last quarter: down 20.12%

Company Description

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.