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Mar 31, 2020
Digimarc Q1 2020 Earnings Report
Reported a revenue increase driven by higher subscription revenue from Retail customers, but experienced an increase in operating expenses due to higher headcount and compensation adjustments, leading to a rise in operating and net losses.
Key Takeaways
Digimarc reported a 9% increase in revenue for Q1 2020, reaching $6.2 million compared to $5.7 million in Q1 2019. However, operating expenses also increased by 7%, resulting in a higher operating loss of $9.1 million and a net loss of $8.9 million, or $(0.74) per diluted share.
Revenue increased by 9% to $6.2 million compared to Q1 2019.
Operating expenses increased by 7% to $13.0 million.
Operating loss increased by 4% to $9.1 million.
Net loss increased by 5% to $8.9 million, with EPS of $(0.74).
Digimarc
Digimarc
Digimarc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Digimarc held a conference call to discuss these results and provide an update on market conditions and strategy execution.
Revenue & Expenses
Visualization of income flow from segment revenue to net income