Revenue Update on Digimarc Corp(NASDAQ:DMRC)

Digimarc Corp(NASDAQ:DMRC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $5.46M. Analysts estimated a revenue of $5.76M. Earnings per share were $-0.62. Analysts had estimated an EPS of $-0.62.

In a different note, Craig-Hallum said it Initiates Coverage on Digimarc Corp, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm.

Digimarc Corp (DMRC) made into the market gainers list on Fridays trading session with the shares advancing 0.75% or 0.27 points. Due to strong positive momentum, the stock ended at $36.41, which is also near the day’s high of $36.76. The stock began the session at $35.99 and the volume stood at 57,896 shares. The 52-week high of the shares is $44.94 and the 52 week low is $21.8. The company has a current market capitalization of $331 M and it has 90,90,258 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Bruce L Davis (Chairman and CEO) sold 5,000 shares at $31.40 per share price.Also, On Jul 29, 2015, Joel Meyer (EVP Intellectual Property) sold 5,000 shares at $41.27 per share price.

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company has a computing platform that is intended to optimize the identification of consumer brand impressions facilitating modern mobile-centric shopping. The platform includes means to infuse persistent digital information Digimarc IDs perceptible only to computers and digital devices into various forms of media content including consumer products packaging. Digimarc IDs for packaging referred to as Digimarc Barcodes facilitate scanning of items at retail checkout as well as improved interaction with consumers. Its technology permits computers and digital devices to identify data from large amounts of media content. Its business partners under patent or technology licenses are delivering digital watermarking solutions to track and monitor the distribution of music images television and movies to consumers.

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