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Mar 31, 2021
Digimarc Q1 2021 Earnings Report
Reported an increase in revenue and a decrease in operating expenses, leading to a reduced operating loss and net loss compared to the same quarter last year.
Key Takeaways
Digimarc Corporation reported an 8% increase in revenue for Q1 2021, reaching $6.7 million, driven by subscription revenue growth. The company's operating loss decreased by 9% due to higher revenue and lower operating expenses. Net loss also decreased by 8% compared to the same quarter last year.
Revenue increased by 8% to $6.7 million compared to Q1 2020.
Service revenue increased by 1%, driven by Commercial customer growth, offset by a decrease in Government customer services.
Subscription revenue increased by 19%, influenced by a new contract with a Commercial customer.
Operating loss decreased by 9% to $8.2 million due to higher revenue and lower operating expenses.
Digimarc
Digimarc
Digimarc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Digimarc will hold a conference call on April 28, 2021, to discuss the financial results and provide an update on market conditions and strategy execution.
Revenue & Expenses
Visualization of income flow from segment revenue to net income