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Sep 30, 2022
Digimarc Q3 2022 Earnings Report
Reported financial results with revenue increase driven by subscription and service revenue post EVRYTHNG acquisition and a new commercial contract.
Key Takeaways
Digimarc's third quarter 2022 revenue increased by 22% to $7.8 million compared to $6.4 million in the third quarter of 2021. The net loss for the quarter was $14.9 million, or $(0.76) loss per common share, compared to a net loss of $2.9 million, or $(0.17) loss per common share, in the third quarter of 2021.
Revenue for Q3 2022 increased 22% to $7.8 million compared to $6.4 million in Q3 2021.
Gross profit for Q3 2022 was essentially flat compared to Q3 2021.
Net loss for Q3 2022 was $14.9 million or $(0.76) loss per common share compared to $2.9 million or $(0.17) loss per common share in Q3 2021.
Cash, cash equivalents, marketable securities totaled $56.4 million at September 30, 2022 compared to $41.6 million at December 31, 2021.
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