Digimarc

Digimarc Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

Digimarc Corporation (NASDAQ: DMRC) reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Digimarc Corporation (NASDAQ: DMRC) reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Total revenue for the fourth quarter of 2023 increased to $9.3 million compared to $7.2 million for the fourth quarter of 2022.
  • Gross profit margin for the fourth quarter of 2023 increased to 63% compared to 53% for the fourth quarter of 2022.
  • Operating expenses for the fourth quarter of 2023 decreased to $16.8 million compared to $17.1 million for the fourth quarter of 2022.

Digimarc Accelerates the Global Fight Against Plastic Pollution

Retrieved on: 
Thursday, February 22, 2024

Digimarc accelerates the global fight against plastic pollution. Digimarc Recycle is now widely available and easily accessible to unlock plastic circularity worldwide -- available for license by qualified partners for less than $1 per capita per year. (Graphic: Business Wire)

Key Points: 
  • Digimarc Recycle represents a revolution in the sortation and recycling of plastic waste with the power to measurably advance the fight against plastic pollution, and this proven technology is now available for license by qualified partners for less than $1 per capita per year.
  • View the full release here: https://www.businesswire.com/news/home/20240222238789/en/
    Digimarc accelerates the global fight against plastic pollution.
  • Digimarc Recycle is now widely available and easily accessible to unlock plastic circularity worldwide -- available for license by qualified partners for less than $1 per capita per year.
  • “Digital watermarking is a powerful, proven, and incredibly affordable solution to the plastic pollution crisis, and it is available today.

Digimarc Collaborates with GS1 to Advance GS1 Digital Link

Retrieved on: 
Tuesday, February 20, 2024

Digimarc pioneered the open standard to provide critical functionality and to help advance industry adoption of the GS1 Digital Link standard .

Key Points: 
  • Digimarc pioneered the open standard to provide critical functionality and to help advance industry adoption of the GS1 Digital Link standard .
  • With the GS1-Conformant Resolver standard, a GS1 Digital Link can be redirected to multiple sources of information – creating a universal way for applications to request specific information about a product.
  • "Global standards including GS1 Digital Link are helping industries enhance and accelerate digital transformation and speak the same language across the full lifecycle of products.”
    The GS1 Digital Link standard upgrades traditional barcodes, currently scanned over 10 billion times per day, so every product can connect to the web, be smartphone-interactive, and transact with point-of-sale systems.
  • “It has been an honor to collaborate with GS1 and key industry players on this standard,” said Dom Guinard, Digimarc’s VP of Innovation, who co-chaired the GS1 Digital Link standard working group.

Digimarc Sets Fourth Quarter 2023 Conference Call for Wednesday, February 28

Retrieved on: 
Wednesday, February 14, 2024

Digimarc Corporation (Nasdaq: DMRC), the pioneer and global leader in digital watermarking, will hold a conference call on Wednesday, February 28, 2024, at 5 p.m. Eastern time (2 p.m. Pacific time) to discuss results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Digimarc Corporation (Nasdaq: DMRC), the pioneer and global leader in digital watermarking, will hold a conference call on Wednesday, February 28, 2024, at 5 p.m. Eastern time (2 p.m. Pacific time) to discuss results for the fourth quarter ended December 31, 2023.
  • Digimarc CEO Riley McCormack, CFO Charles Beck, and CLO Joel Meyer will host the call, and provide an update on strategic priorities, quarterly highlights, and financial results followed by a question-and-answer forum.
  • The company will issue financial results in a press release before the call, including a link to prepared remarks highlighting fourth quarter achievements and current strategic priorities.
  • For those who wish to call in via telephone, please dial the number below at least five minutes before the scheduled start time.

Digimarc Releases Next-Generation Digital Watermarks

Retrieved on: 
Wednesday, February 7, 2024

Digimarc's next-generation digital watermarks represent a step change in state-of-the-art digital watermarking, which is critical to the identification and authentication of physical and digital items.

Key Points: 
  • Digimarc's next-generation digital watermarks represent a step change in state-of-the-art digital watermarking, which is critical to the identification and authentication of physical and digital items.
  • “Our latest digital watermarks are the most sophisticated we have developed and represent a step change in state-of-the-art digital watermarking.”
    Digimarc digital watermarks leverage enhanced encryption techniques requiring an authorized private key to detect and decode, strengthening data security by ensuring information is protected in transit to and from the Digimarc Illuminate platform (cloud or edge server).
  • Importantly, these improvements do not impact Digimarc digital watermarks’ unique applicability to both physical and digital assets, delivering the same capabilities whether used on products and packaging or digital images and multimedia.
  • Digimarc digital watermarks also continue to deliver incomparable reliability and accuracy under harsh or unfavorable conditions (including high-speed motion, occlusion, and damaged or manipulated items), ensuring the robustness and redundancy of Digimarc’s digital watermarks remain unmatched by other data carriers.

Digimarc Adds ServiceNow Chief Marketing Officer and Forbes Entrepreneurial CMO 50 Leader, Michael Park, to its Board of Directors

Retrieved on: 
Tuesday, January 9, 2024

Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today announced that ServiceNow Chief Marketing Officer Michael Park has been elected to the company’s Board of Directors, effective January 9, 2024.

Key Points: 
  • Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today announced that ServiceNow Chief Marketing Officer Michael Park has been elected to the company’s Board of Directors, effective January 9, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240109078759/en/
    Digimarc Adds ServiceNow Chief Marketing Officer and Forbes Entrepreneurial CMO 50 Leader, Michael Park, to its Board of Directors (Photo: Business Wire)
    Park brings an innovative and strategic mindset to business challenges with a strong track record of driving operational rigor and organizational change with a commitment to cross-company collaboration.
  • Park has led business transformation and go-to-market strategies at critical junctures for some of the world’s leading technology companies, including Microsoft, SAP, HP, Siebel Systems and ServiceNow , where he serves as Chief Marketing Officer (CMO).
  • “Our growth is at an inflection point and the opportunities ahead of us are massive,” said Digimarc President and CEO Riley McCormack.

Digimarc to Present at 26th Annual Needham Growth Conference

Retrieved on: 
Friday, January 5, 2024

Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, will be featured as a presenting company at the 26th Annual Needham Growth Conference in New York on January 18, 2024.

Key Points: 
  • Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, will be featured as a presenting company at the 26th Annual Needham Growth Conference in New York on January 18, 2024.
  • Digimarc President and CEO Riley McCormack and CFO Charles Beck are scheduled to present.
  • Digimarc’s management team will also be hosting meetings with institutional investors on Thursday, January 18, during the conference.

Digimarc Offers Free Digital Watermark Embedding and Detection Tools to Device and Chip Manufacturers and Content Creation Platforms

Retrieved on: 
Thursday, January 4, 2024

Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today reinforced its commitment to protect digital content owners and consumers, announcing the company is offering device manufacturers, chip manufacturers, and content creation platforms free access to its Secure, Automated, Fair, and Efficient (SAFE™) digital watermark embedding and detection tools for digital assets.

Key Points: 
  • Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today reinforced its commitment to protect digital content owners and consumers, announcing the company is offering device manufacturers, chip manufacturers, and content creation platforms free access to its Secure, Automated, Fair, and Efficient (SAFE™) digital watermark embedding and detection tools for digital assets.
  • “We are committed to protecting and empowering both the creators and consumers of digital content.
  • These manifests are often stripped from content when uploaded to content libraries, websites, or published on social media.
  • Device manufacturers can now provide their customers with the ability to receive notification of digital content's corresponding information, thereby creating a more transparent digital ecosystem.

Digimarc Launches Industry-First C2PA Content Credentials Browser Extension

Retrieved on: 
Thursday, November 30, 2023

Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today announced it has launched the industry’s first open-source Google Chrome web browser extension to validate digital asset manifests based on the Coalition for Content Provenance and Authenticity (C2PA) standard.

Key Points: 
  • Digimarc Corporation (Nasdaq: DMRC), the leader in product digitization and pioneer in digital watermarking, today announced it has launched the industry’s first open-source Google Chrome web browser extension to validate digital asset manifests based on the Coalition for Content Provenance and Authenticity (C2PA) standard.
  • The new Chrome extension allows content consumers to check images for C2PA manifests – adding a Content Credential pin (“CR”) to the image if a manifest is present.
  • “Digimarc’s new Chrome extension with support for Content Credentials turns the browser into an agent capable of certifying the source and provenance of digital images, empowering content consumers to make better decisions about what should or shouldn’t be trusted online,” said Dominique (Dom) Guinard, Digimarc’s VP of Innovation.
  • “Building on our almost 30 years of experience in protecting digital assets , we are committed to contributing to the success of the C2PA standard.”
    Digimarc’s Content Credentials Google Chrome web browser extension will soon be available in the Chrome Web Store.

Digimarc Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 6, 2023

"Q3 was another strong quarter for Digimarc. We delivered a 54% year-over-year increase in our ending Annual Recurring Revenue (ARR) while driving a 1,000-basis point year-over-year increase in subscription gross profit margin," said Digimarc CEO Riley McCormack. "Our focus on being easy to begin doing business with and excellent at guiding customers along their product digitization journey is paying off, and our recent expansion of Digimarc Validate to the digital domain provides an additional accelerant as it significantly increases our Total Addressable Market (TAM) and meaningfully strengthens our moats -- across all areas of our business. It is becoming clear to many stakeholders that our legacy as the pioneer and widely recognized leader of digital watermarking, coupled with our history of building massive, multinational, multistakeholder, and mission critical systems on top of our technology, has ideally positioned us to provide the foundational layer of a safe, fair, trusted, and authentic internet, something that was needed before the rise of generative artificial intelligence, but is absolutely required today."

Key Points: 
  • Digimarc Corporation (NASDAQ: DMRC) reported financial results for the third quarter ended September 30, 2023.
  • Total revenue for the third quarter of 2023 increased to $9.0 million compared to $7.8 million for the third quarter of 2022.
  • Gross profit margin for the third quarter of 2023 increased to 58% compared to 53% for the third quarter of 2022.
  • Digimarc will hold a conference call today (Monday, November 6, 2023) to discuss these financial results and to provide a business update.