Digimarc Corp. Reports Operating Results (10-Q)

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Jul 31, 2012
Digimarc Corp. (DMRC, Financial) filed Quarterly Report for the period ended 2012-06-30.

Digimarc Corp has a market cap of $186.4 million; its shares were traded at around $24.95 with a P/E ratio of 25.8 and P/S ratio of 5.2. The dividend yield of Digimarc Corp stocks is 0.4%.

Highlight of Business Operations:

Total revenue for the three-month period ended June 30, 2012, compared to the corresponding three-month period ended June 30, 2011, decreased 4% to $9.1 million primarily as a result of lower revenue from the joint ventures with The Nielsen Company (Nielsen), offset by increased program work from the Central Banks and increased license payments from Intellectual Ventures (IV). Total revenue for the six-month period ended June 30, 2012, compared to the corresponding six-month period ended June 30, 2011, increased 41% to $26.2 million primarily as a result of the payment from Verance Corporation (Verance), a cash basis customer, for royalties through the fourth quarter of 2011 received in connection with the resolution of our litigation with Verance.

The increase in license and subscription revenue for the six-month period ended June 30, 2012, compared to the corresponding six-month period ended June 30, 2011, was due primarily from a payment of $8,000 by Verance for royalties through the third quarter of 2011.

The increase in international revenue for the three- and six-month periods ended June 30, 2012, compared to the corresponding three- and six-month periods ended June 30, 2011, was due primarily to increased program work from the Central Banks.

We anticipate full year revenue growth for 2012, compared to 2011, from our existing customers and from new customers as we continue to expand the marketing and monetization of our intellectual property portfolio.

The increase in gross profit for the six-month period ended June 30, 2012, compared to the corresponding six-month period ended June 30, 2011, was due primarily to the payment from Verance.

Read the The complete Report