Digimarc Corp reports results for the quarter ended in December - Earnings Summary

Digimarc

28/02/2024 22:48

* Digimarc Corp  DMRC.OQ  reported a quarterly adjusted loss
of 52
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -41
cents.  The mean expectation of two analysts for the quarter was
for a loss of 32 cents per share. Wall Street expected
results to range from -33 cents to -31 cents per share.
    * Revenue rose 28.6% to $9.28 million from a year ago;
analysts
expected $9.10 million. 
    * Digimarc Corp's reported EPS for the quarter was a loss
of 52
cents​.
    * The company reported a quarterly loss of $10.57 million.
    * Digimarc Corp shares had risen by 15.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Digimarc Corp is
$30.00 
This summary was machine generated from LSEG data February 28 at
10:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.32          -0.52          Missed
 Sep. 30 2023      -0.34          -0.29          Beat
 Jun. 30 2023      -0.36          -0.29          Beat
 Mar. 31 2023      -0.47          -0.45          Beat