NASDAQ$DMRC

Digimarc Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Digimarc's revenue increased, but gross profit decreased due to amortization expenses.

Digimarc reported a 23% increase in revenue for Q2 2022, driven by subscription and service revenue, including contributions from the EVRYTHNG acquisition and HolyGrail 2.0 projects. However, gross profit decreased due to amortization expenses, while the net loss per share improved compared to the same period last year.

  • Revenue increased by 23% to $7.7 million compared to Q2 2021.
  • Gross profit decreased by 5% to $4.0 million due to amortization expenses.
  • Net loss was $14.6 million, or $(0.75) per share, compared to $15.4 million, or $(0.94) per share in Q2 2021.
  • Cash, cash equivalents, and marketable securities totaled $68.4 million as of June 30, 2022.

Headline financials

Total Revenue

$7.75M

Previous: $6.28M+23.4%
EPS (adj)

-$0.47

Previous: -$0.48+2.1%
Non-GAAP Gross Margin

71.0%

No prior period
Capital Expenditures

-$716K

Previous: -$569K-25.8%
Free Cash Flow

-$15.4M

Previous: -$16M+4.0%
Net Income

-$14.6M

Previous: -$15.4M+5.1%
Operating Income

-$14.9M

Previous: -$15.4M+3.2%
Gross Profit

$4M

Previous: $4.23M-5.5%
Cash & Equivalents

$47.1M

Previous: $21.4M+120.3%
Total Assets

$133M

Previous: $80.5M+64.8%
Stock-Based Comp

$3.27M

Previous: $6.74M-51.4%

Revenue & EPS history

Digimarc · Revenue · Quarterly

$7.75M

Q2 2022+23.4%vs Q2 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Digimarc · $7.75M total across 2 segments · Q2 2022

  • Service
    $4.5M+18.8%
  • Subscription
    $3.24M+30.4%

Forward guidance

No specific forward guidance was provided in the earnings report.

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 Q2 2022

Historical avgQ2 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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