Eye Catching Stock: Digimarc Corporation (NASDAQ:DMRC)

Digimarc Corporation (NASDAQ:DMRC) changed 0.33% to recent value of $42.23. The stock transacted 84962 shares during most recent day however it has an average volume of 96.68K shares. It spotted trading -36.50% off 52-week high price. On the other end, the stock has been noted 201.00% away from the low price over the last 52-weeks.

On Oct. 30, 2019, Digimarc Corporation (NASDAQ:DMRC) creator of the Digimarc Platform for digital identification and detection, declared financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Financial Results

Revenue for the third quarter of 2019 increased 19 percent to $5.8 million, compared to $4.9 million in the third quarter of 2018. The increase in revenue was due to higher subscription and service revenue.

Operating expenses for the third quarter of 2019 increased three percent to $11.9 million, compared to $11.6 million in the same quarter a year-ago. The increase in operating expenses was primarily due to routine annual compensation adjustments for employees.

Operating loss for the third quarter of 2019 decreased seven percent to $8.0 million, compared to $8.6 million in the third quarter of 2018. The lower operating loss was primarily due to higher revenue, partially offset by higher operating expenses.

Net loss for the third quarter of 2019 decreased seven percent to $7.8 million or $(0.65) per diluted share compared to net loss of $8.3 million or $(0.73) per diluted share in the same quarter a year-ago.

At quarter-end, cash, cash equivalents and marketable securities totaled $42.8 million, compared to $50.0 million at June 30, 2019.

DMRC has a gross margin of 62.00%. Its earnings per share (EPS) expected to touch remained -98.50% for this year while earning per share for the next 5-years is expected to reach at 20.00%.

The company has 12.43M of outstanding shares and 11.37M shares were floated in the market. According to the most recent quarter its current ratio was 10.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 8.77% from the mean of 20 days, 5.21% from mean of 50 days SMA and performed 8.23% from mean of 200 days price. Company’s performance for the week was 5.44%, 13.25% for month and YTD performance remained 191.24%.

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