Digimarc Corporation (NASDAQ:DMRC) stock identified change of 324.29% away from 52-week low price and recently located move of -28.35% off 52-week high price. It has market worth of $640.19M. DMRC stock has been recorded -7.99% away from 50 day moving average and 48.47% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.81% off 20-day moving average.
On Feb. 24, 2021, Digimarc Corporation (NASDAQ:DMRC) creator of the Digimarc Platform for digital identification and detection, revealed financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial Results
Revenue for the fourth quarter of 2020 increased four percent to $5.6 million compared to $5.3 million in the fourth quarter of 2019. Service revenue increased seven percent, reflecting growth in services to Government and Retail customers. Subscription revenue increased one percent, reflecting the impact of new bookings; partially offset by the impact of a renegotiated contract with a Retail supplier partner in the first quarter of 2020.
Operating expenses for the fourth quarter of 2020 decreased six percent to $11.7 million compared to $12.4 million in the same quarter a year ago, reflecting lower travel and marketing costs.
Operating loss for the fourth quarter of 2020 decreased 12% to $7.8 million compared to $8.9 million in the fourth quarter of 2019, due to higher revenue and lower operating expenses.
Net loss for the fourth quarter of 2020 decreased 10% to $7.8 million compared to a net loss of $8.7 million in the fourth quarter of 2019. GAAP loss per common share in the fourth quarter of 2020 was ($1.27) compared to GAAP loss per common share of $(0.73) in the fourth quarter of 2019. Non-GAAP loss per common share in the fourth quarter of 2020 was $(0.51) compared to non-GAAP loss per common share of $(0.73) in the fourth quarter of 2019. The loss per common share in the fourth quarter of 2020 was impacted by a non-cash $11.4 million adjustment representing the intrinsic value of the Series B Convertible Preferred Stock issued to TCM|Strategic Partners LLP that converted to common stock in December 2020. The impact of this adjustment is excluded in reporting non-GAAP loss per common share as noted on the Consolidated Income Statement Information attached.
The Technology sector company, Digimarc Corporation noticed change of 0.91% to $42.09 along volume of 93210 shares in recent session compared to an average volume of 162.84K. The stock observed return of -4.41% in 5 days trading activity. The stock was at -0.75% over one month performance. DMRC’s shares are at 9.15% for the quarter and driving a 55.54% return over the course of the past year and is now at -10.90% since this point in 2018.
The average volatility for the week at 6.83% and for month was at 7.45%. There are 12.24M shares outstanding and 11.18M shares are floated in market. Right now the stock beta is 1.24
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.
