NASDAQ$DMRC

Digimarc Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported an increase in revenue and a net loss compared to the same quarter last year.

Digimarc Corporation reported an 11% increase in revenue for the first quarter of 2022, reaching $7.4 million. This growth includes $1.5 million from the EVRYTHNG acquisition. However, the company experienced a net loss of $17.8 million, or $(1.03) per common share, compared to a net loss of $8.2 million, or $(0.50) per common share, in the first quarter of 2021.

  • Revenue increased by 11% to $7.4 million compared to Q1 2021, including $1.5 million from the EVRYTHNG acquisition.
  • Subscription revenue increased by 30% to $3.8 million, with EVRYTHNG contributing $1.2 million.
  • Net loss was $17.8 million, or $(1.03) per common share, compared to $8.2 million, or $(0.50) per common share, in Q1 2021.
  • Cash, cash equivalents, and marketable securities totaled $24.9 million as of March 31, 2022.

Headline financials

Total Revenue

$7.41M

Previous: $6.7M+10.6%
EPS (adj)

-$0.69

Previous: -$0.50-38.0%
Gross Profit Margin

45.0%

No prior period
Non-GAAP Gross Margin

66.0%

No prior period
Capital Expenditures

-$414K

Previous: -$317K-30.6%
Free Cash Flow

-$18.2M

Previous: -$8.54M-113.1%
Net Income

-$17.8M

Previous: -$8.22M-116.3%
Operating Income

-$18M

Previous: -$8.23M-119.0%
Gross Profit

$3.34M

Previous: $4.34M-22.9%
Cash & Equivalents

$3.23M

Previous: $4.71M-31.4%
Total Assets

$93.5M

Previous: $90.1M+3.7%
Stock-Based Comp

$2.47M

Previous: $2.01M+22.8%

Revenue & EPS history

Digimarc · Revenue · Quarterly

$7.41M

Q1 2022+10.6%vs Q1 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Digimarc · $7.41M total across 2 segments · Q1 2022

  • Subscription
    $3.79M+30.0%
  • Service
    $3.62M-4.3%

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 2022

Historical avgQ1 2022

+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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