NASDAQ$DMRC

Digimarc Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an increase in revenue and a decrease in operating expenses, leading to a reduced operating loss and net loss compared to the same quarter last year.

Digimarc Corporation reported an 8% increase in revenue for Q1 2021, reaching $6.7 million, driven by subscription revenue growth. The company's operating loss decreased by 9% due to higher revenue and lower operating expenses. Net loss also decreased by 8% compared to the same quarter last year.

  • Revenue increased by 8% to $6.7 million compared to Q1 2020.
  • Service revenue increased by 1%, driven by Commercial customer growth, offset by a decrease in Government customer services.
  • Subscription revenue increased by 19%, influenced by a new contract with a Commercial customer.
  • Operating loss decreased by 9% to $8.2 million due to higher revenue and lower operating expenses.

Headline financials

Total Revenue

$6.7M

Previous: $6.19M+8.3%
EPS (adj)

-$0.50

Previous: -$0.74+32.4%
Capital Expenditures

-$317K

Previous: -$235K-34.9%
Free Cash Flow

-$8.54M

Previous: -$9.14M+6.6%
Net Income

-$8.22M

Previous: -$8.91M+7.7%
Operating Income

-$8.23M

Previous: -$9.06M+9.2%
Gross Profit

$4.34M

Previous: $3.99M+8.7%
Cash & Equivalents

$4.71M

Previous: $10.3M-54.1%
Total Assets

$90.1M

Previous: $50.5M+78.7%
Stock-Based Comp

$2.01M

Previous: $2.2M-8.4%

Revenue & EPS history

Digimarc · Revenue · Quarterly

$6.7M

Q1 2021+8.3%vs Q1 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Digimarc · $6.7M total across 2 segments · Q1 2021

  • Service
    $3.78M+1.2%
  • Subscription
    $2.92M+19.0%

Forward guidance

Digimarc will hold a conference call on April 28, 2021, to discuss the financial 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 2021

Historical avgQ1 2021

+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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