Digimarc Corporation (NASDAQ:DMRC) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DMRC to report 3Q20 loss of $ 0.69 per share.
For the full year, analysts anticipate top line of $ 24.46 million, while looking forward to loss of $ 2.6 per share bottom line.
Previous Quarter Performance
Digimarc Corporation revealed loss for the second quarter of $ 0.62 per share, from the revenue of $ 6.50 million. The quarterly revenues escalated 11.88 percent compared with the same quarter last year. Street analysts expected Digimarc Corporation to report loss of $ 0.71 per share on revenue of $ 6.24 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 12.68 percent, at the same time, top line results outshined analysts by $ 0.26 million or 4.17 percent.
Stock Performance
Shares of Digimarc Corporation traded low $ -0.43 or -1.39 percent on Tuesday, reaching $ 30.56 with volume of 131.90 thousand shares. Digimarc Corporation has traded high as $ 31.85 and has cracked $ 29.85 on the downward trend
According to the previous trading day, closing price of $ 30.56, representing a 212.40 % increase from the 52 week low of $ 9.92 and a 28.45 % decrease over the 52 week high of $ 43.31.
The company has a market capital of $ 468.07 million and is part of the Technology sector and Information Technology Services industry.
Conference Call
Digimarc Corporation will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.digimarc.com
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment. The company also provides Digimarc Discover software that enables an ecosystem of connected devices to identify content or materials and deliver information.
