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Dec 31, 2022
Digimarc Q4 2022 Earnings Report
Reported financial results with a total revenue increase of 1% compared to Q4 2021.
Key Takeaways
Digimarc Corporation reported a 1% increase in total revenue for the fourth quarter of 2022, reaching $7.2 million. Subscription revenue increased by 13%, while service revenue decreased by 11%. The net loss for the quarter was $12.4 million, or $(0.62) per common share.
Subscription revenue increased 13% to $4.1 million, driven by new commercial contracts and the EVRYTHNG acquisition.
Service revenue decreased 11% to $3.1 million, primarily due to lower revenue from HolyGrail 2.0 recycling projects.
Total revenue increased 1% to $7.2 million compared to $7.1 million in Q4 2021.
Net loss was $12.4 million, or $(0.62) per common share, compared to $8.2 million, or $(0.50) per common share in Q4 2021.
Digimarc
Digimarc
Forward Guidance
Digimarc will hold a conference call on March 1, 2023, to discuss these results and provide an update on market conditions and its execution of strategy.