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Sep 30, 2020
Digimarc Q3 2020 Earnings Report
Digimarc's revenue remained consistent with the previous year, while operating and net losses increased due to severance costs.
Key Takeaways
Digimarc reported third quarter 2020 financial results with revenue of $5.8 million, unchanged from the third quarter of 2019. The company experienced an increased operating loss of $8.4 million and a net loss of $8.4 million, primarily due to non-recurring severance costs. TCM|Strategic Partners invested $53.5 million in Digimarc, with $36.5 million received before the quarter ended, boosting cash reserves.
Revenue for Q3 2020 was $5.8 million, matching Q3 2019.
Service revenue increased by six percent, driven by growth in Government services.
Subscription revenue decreased by ten percent due to a renegotiated contract with a Retail supplier.
Operating loss increased to $8.4 million, impacted by $0.8 million in severance costs.
Revenue by Segment
Forward Guidance
Digimarc will hold a conference call today, October 28, 2020, to discuss these results and provide an update on market conditions and execution of strategy.
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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