Stock Movement in Target: Digimarc Corporation (NASDAQ: DMRC)

On Friday, Digimarc Corporation (NASDAQ: DMRC) shares price traded between $26.42 and $28.07 during the last trading session upbeat/downbeat with -4.78% at $-1.33. Over the one year trading period, the stock has a peak price of $39.95 and its down is recorded at $22.85. The short ratio in the stock is 35.05 and the short float is around of 16.34%.

Digimarc Corporation (DMRC) stated financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Financial Results

Revenue for the second quarter of 2018 totaled $5.4M contrast to $­­5.6M in the same quarter a year-ago. The decrease in revenue was Because of lower license revenues reflecting the impact of amending an existing license contract in the third quarter of 2017 whereby the company waived all future royalty obligations in one of the licensed fields of use in exchange for an upfront $3.5M license fee.

Operating expenses for the second quarter of 2018 totaled $11.5M contrast to $10.5M in the same quarter a year-ago. The raise in operating expenses was primarily Because of higher investment in sales and marketing as the company continues to address important opportunities in market development and delivery of Digimarc Discover and Digimarc Barcode.

Operating loss for the second quarter of 2018 totaled $8.3M contrast to $7.1M in the same quarter a year-ago. The higher operating loss was primarily Because of higher operating expenses and lower license revenue.

Net loss for the second quarter of 2018 totaled $8.0M or $(0.71) per diluted share contrast to a net loss of $6.9M or $(0.68) per diluted share in the same quarter a year-ago.

At quarter-end, cash, cash equivalents and marketable securities totaled $56.8M, contrast to $63.7M at March 31, 2018.

Analyst recommendation for this stock stands at 1.80. The volatility in the previous week has experienced by 4.92% and observed of 5.02% in the previous month.59.70% ownership is held by institutional investors while insiders hold ownership of 3.50%. Digimarc Corporation provides media identification and management solutions to commercial entities and government consumers in the United States and internationally.