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Mar 31, 2023
Digimarc Q1 2023 Earnings Report
Reported financial results, showing increased total revenue and gross profit compared to the same quarter last year, while also reducing operating expenses and net loss.
Key Takeaways
Digimarc reported a 6% increase in total revenue to $7.8 million for Q1 2023, alongside a 27% increase in gross profit to $4.2 million. The company also reduced operating expenses by 11% and net loss improved to $14.0 million, or $(0.70) per share.
Total revenue increased by 6% to $7.8 million compared to Q1 2022.
Gross profit increased by 27% to $4.2 million, with gross profit margin rising to 54%.
Operating expenses decreased by 11% to $19.0 million.
Net loss improved to $14.0 million, or $(0.70) per share, compared to $17.8 million, or $(1.03) per share in Q1 2022.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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