Digimarc Reports Second Quarter 2021 Financial Results
BEAVERTON, Ore., Aug. 5, 2021 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC) reported financial results for the second quarter ended June 30, 2021.
- BEAVERTON, Ore., Aug. 5, 2021 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC) reported financial results for the second quarter ended June 30, 2021.
- Revenue for the second quarter of 2021 decreased three percent to $6.3 million compared to $6.5 million in the second quarter of 2020, reflecting lower revenue from Government services and Commercial subscriptions, partially offset by higher Commercial services revenue.
- Operating expenses for the second quarter of 2021 increased 65% to $19.7 million compared to $11.9 million in the same quarter a year ago, reflecting non-recurring costs of $7.5 million incurred during the three month period ended June 30, 2021.
- Operating loss for the second quarter of 2021 increased 105% to $15.4 million compared to $7.5 million in the second quarter of 2020, due primarily to higher operating expenses.