NASDAQ$DMRC

Digimarc Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a revenue increase driven by higher subscription revenue from Retail customers, but experienced an increase in operating expenses due to higher headcount and compensation adjustments, leading to a rise in operating and net losses.

Digimarc reported a 9% increase in revenue for Q1 2020, reaching $6.2 million compared to $5.7 million in Q1 2019. However, operating expenses also increased by 7%, resulting in a higher operating loss of $9.1 million and a net loss of $8.9 million, or $(0.74) per diluted share.

  • Revenue increased by 9% to $6.2 million compared to Q1 2019.
  • Operating expenses increased by 7% to $13.0 million.
  • Operating loss increased by 4% to $9.1 million.
  • Net loss increased by 5% to $8.9 million, with EPS of $(0.74).

Headline financials

Total Revenue

$6.19M

Previous: $5.66M+9.3%
EPS (adj)

-$0.74

Previous: -$0.74+0.0%
Capital Expenditures

-$235K

Previous: -$194K-21.1%
Free Cash Flow

-$9.14M

Previous: -$8.66M-5.6%
Net Income

-$8.91M

Previous: -$8.46M-5.3%
Operating Income

-$9.06M

Previous: -$8.67M-4.4%
Gross Profit

$3.99M

Previous: $3.53M+13.2%
Cash & Equivalents

$10.3M

Previous: $24.3M-57.8%
Total Assets

$50.5M

Previous: $58M-13.0%
Stock-Based Comp

$2.2M

Previous: $2.04M+7.8%

Revenue & EPS history

Digimarc · Revenue · Quarterly

$6.19M

Q1 2020+9.3%vs Q1 2019
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Digimarc · $6.19M total across 2 segments · Q1 2020

  • Service
    $3.74M-2.0%
  • Subscription
    $2.45M+32.8%

Forward guidance

Digimarc held a conference call to discuss these results and provide an update on market conditions and strategy execution.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.1%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+60.9%

Q1 2019

Best reaction

-43.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+19.4%+4.4%
Q4 2025+18.6%+10.9%+0.5%
Q3 2025+6.8%-3.2%-14.2%
Q1 2025-8.9%-8.2%+0.5%
Q4 2024-43.1%-45.3%-51.0%
Q3 2024-13.6%+2.9%+10.0%
Q2 2024-14.8%-8.1%+1.3%
Q1 2024+4.8%+5.3%+23.0%
Q4 2023-15.9%-18.9%-34.8%
Q3 2023+1.0%+7.6%+18.4%
Q2 2023+18.4%+19.4%+14.4%
Q1 2023+31.5%+42.4%+50.2%
Q4 2022-4.5%+3.6%-3.6%
Q3 2022+19.9%+44.7%+46.8%
Q2 2022+9.5%+17.6%+5.6%
Q1 2022-6.9%-8.8%-16.4%
Q4 2021-16.3%-22.7%-9.7%
Q3 2021-3.7%-7.1%-16.0%
Q2 2021+8.9%+6.8%+19.2%
Q1 2021-0.3%-16.2%-9.0%
Q4 2020-16.7%-6.9%-22.1%
Q3 2020+13.3%+2.7%+39.5%
Q2 2020-0.9%+14.6%+18.6%
Q1 2020-0.1%-1.6%+2.5%
Q4 2019-19.1%-23.0%-53.2%
Q3 2019-15.4%-18.6%-23.1%
Q2 2019+14.0%+12.2%-9.7%
Q1 2019+60.9%+84.4%+76.4%
Q4 2018+18.8%+23.5%+30.1%
Q3 2018-4.5%-23.1%-25.0%
Q2 2018-5.6%-5.1%-1.8%
Q1 2018-0.8%+11.0%+11.0%
Q4 2017-15.8%-15.8%-19.3%
Q3 2017+4.0%+5.2%+13.0%
Q2 2017+1.0%+3.8%-6.1%
Q1 2017-1.3%-3.4%+21.1%
Q4 2016+3.3%+1.8%-3.1%
Q3 2016-4.2%+0.2%-4.5%
Q2 2016-6.1%-1.8%-0.2%
Q1 2016+8.2%
Q4 2015+5.2%
Q3 2015-27.5%
Q2 2015+16.5%
Q1 2015+1.3%
Q4 2014-0.7%
Q3 2014+5.6%
Q2 2014+2.6%
Q1 2014-9.6%
Q4 2013-3.3%
Q3 2013-6.4%
Q2 2013-0.2%
Q1 2013+12.4%
Q4 2012-11.4%
Q3 2012+1.1%
Q2 2012-11.4%
Q1 2011-13.0%
Q1 2012+1.9%
Q4 2009+1.0%
Q4 2011+1.0%
Q3 2010-0.8%
Q3 2011-0.8%
Q4 2010+2.4%
Q2 2011+2.4%
Q2 2010+2.4%

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