NASDAQ$DMRC

Digimarc Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results with a total revenue increase of 1% compared to Q4 2021.

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.

Headline financials

Total Revenue

$7.22M

Previous: $7.13M+1.3%
EPS (adj)

-$0.41

Previous: -$0.50+18.0%
Capital Expenditures

$151K

Previous: $169K-10.7%
Free Cash Flow

-$7.67M

Previous: -$7.82M+1.9%
Net Income

-$12.4M

Previous: -$8.24M-50.4%
Operating Income

-$9.9M

Previous: -$8.25M-20.0%
Gross Profit

$3.8M

Previous: $4.96M-23.3%
Cash & Equivalents

$33.6M

Previous: $13.8M+143.7%
Total Assets

$114M

Previous: $64.9M+75.4%
Stock-Based Comp

$1.98M

Previous: $1.59M+24.6%

Revenue & EPS history

Digimarc · Revenue · Quarterly

$7.22M

Q4 2022+1.3%vs Q4 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Digimarc · $9M total across 2 segments · Q3 2023

  • Subscription
    $4.8M+17.5%
  • Service
    $4.2M+12.4%

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.

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 Q4 2022

Historical avgQ4 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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