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Mar 31, 2022
Digimarc Q1 2022 Earnings Report
Reported an increase in revenue and a net loss compared to the same quarter last year.
Key Takeaways
Digimarc Corporation reported an 11% increase in revenue for the first quarter of 2022, reaching $7.4 million. This growth includes $1.5 million from the EVRYTHNG acquisition. However, the company experienced a net loss of $17.8 million, or $(1.03) per common share, compared to a net loss of $8.2 million, or $(0.50) per common share, in the first quarter of 2021.
Revenue increased by 11% to $7.4 million compared to Q1 2021, including $1.5 million from the EVRYTHNG acquisition.
Subscription revenue increased by 30% to $3.8 million, with EVRYTHNG contributing $1.2 million.
Net loss was $17.8 million, or $(1.03) per common share, compared to $8.2 million, or $(0.50) per common share, in Q1 2021.
Cash, cash equivalents, and marketable securities totaled $24.9 million as of March 31, 2022.
Digimarc
Digimarc
Digimarc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income