Business
Digimarc Reports First Quarter 2019 Financial Results
BEAVERTON, Ore., May 1, 2019 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC), the inventor of the Intuitive Computing Platform (ICP™) featuring Digimarc
About this update from Digimarc Corporation
[{"type":"text","content":"BEAVERTON, Ore., May 1, 2019 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC), the inventor of the Intuitive Computing Platform (ICP™) featuring Digimarc Barcode, reported financial results for the first quarter ended March 31, 2019. \n\n \nFirst Quarter 2019 Financial Results Revenue for the first quarter of 2019 totaled $5.7 million compared to $5.6 million in the first quarter of 2018. The increase in revenue was due to higher service and Digimarc Barcode revenue partially offset by lower Digimarc Guardian revenue.\nOperating expenses for the first quarter of 2019 totaled $12.2 million compared to $11.8 million in the same quarter a year-ago. The increase in operating expenses was primarily due to compensation adjustments for our employees.\nOperating loss for the first quarter of 2019 totaled $8.7 million compared to $8.4 million in the first quarter of 2018. The increased operating loss was primarily due to higher operating expenses, partially offset by higher revenue.\nNet loss for the first quarter of 2019 totaled $8.5 million or $(0.74) per diluted share compared to net loss of $8.1 million or $(0.72) per diluted share in the same quarter a year-ago. \nAt quarter-end, cash, cash equivalents and marketable securities totaled $37.5 million, compared to $43.7 million at December 31, 2018. \nConference CallDigimarc will hold a conference call today (Wednesday, May 1, 2019) to discuss these results, as well as provide an update on market conditions and execution of strategy. Chairman and CEO Bruce Davis and CFO Charles Beck will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A question and answer session will follow management's presentation.\nThe conference call will be broadcast live and available for replay in the investor section of the company's website. The conference call script will also be posted to the company's website shortly before the call.\nFor those who wish to listen to the call via telephone, please dial the number below at least five minutes prior to the scheduled start time: \nToll-Free Number: 866-562-9934International Number: 706-679-0638Conference ID: 96755403\nIf you have any difficulty connecting with the conference call, please contact Liolios at 949-574-3860.\nAbout DigimarcDigimarc Corporation (NASDAQ: DMRC) is a pioneer in the automatic identification of everyday obj...