Digimarc Corp (DMRC) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Digimarc Corp (DMRC) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $-0.64 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.59. The company posted revenue of $5.58 million in the period, compared to analysts expectations of $5.20 million. The company’s revenue was down -6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.

Digimarc Corp opened for trading at $28.7 and hit $29.17 on the upside on Friday, eventually ending the session at $29.15, with a gain of 2.82% or 0.8 points. The heightened volatility saw the trading volume jump to 58,717 shares. Company has a market cap of $264 M.

In a different news, on Mar 28, 2016, Bruce L Davis (Chairman and CEO) sold 5,834 shares at $30.75 per share price. According to the SEC, on Jul 29, 2015, Joel Meyer (EVP Intellectual Property) sold 5,000 shares at $41.27 per share price.

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company has a computing platform that is intended to optimize the identification of consumer brand impressions facilitating modern mobile-centric shopping. The platform includes means to infuse persistent digital information Digimarc IDs perceptible only to computers and digital devices into various forms of media content including consumer products packaging. Digimarc IDs for packaging referred to as Digimarc Barcodes facilitate scanning of items at retail checkout as well as improved interaction with consumers. Its technology permits computers and digital devices to identify data from large amounts of media content. Its business partners under patent or technology licenses are delivering digital watermarking solutions to track and monitor the distribution of music images television and movies to consumers.

Digimarc Corp

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