Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally.
Flawless balance sheet and overvalued.
Share Price & News
How has Digimarc's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DMRC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DMRC underperformed the US Software industry which returned 6.9% over the past year.
Return vs Market: DMRC underperformed the US Market which returned -14.9% over the past year.
Price Volatility Vs. Market
How volatile is Digimarc's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Many Digimarc Corporation (NASDAQ:DMRC) Shares Do Institutions Own?
1 month ago | Simply Wall StDigimarc (NASDAQ:DMRC) Is In A Good Position To Deliver On Growth Plans
2 months ago | Simply Wall StWhat Did Digimarc Corporation's (NASDAQ:DMRC) CEO Take Home Last Year?
Is Digimarc undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate DMRC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate DMRC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: DMRC is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: DMRC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DMRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DMRC is good value based on its PB Ratio (2.9x) compared to the US Software industry average (4.2x).
How is Digimarc forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DMRC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: DMRC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: DMRC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: DMRC's revenue (19.8% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: DMRC's revenue (19.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DMRC's Return on Equity is forecast to be high in 3 years time
How has Digimarc performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DMRC is currently unprofitable.
Growing Profit Margin: DMRC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DMRC is unprofitable, and losses have increased over the past 5 years at a rate of -14.5% per year.
Accelerating Growth: Unable to compare DMRC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DMRC is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.7%).
Return on Equity
High ROE: DMRC has a negative Return on Equity (-66.41%), as it is currently unprofitable.
How is Digimarc's financial position?
Financial Position Analysis
Short Term Liabilities: DMRC's short term assets ($43.3M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: DMRC's short term assets ($43.3M) exceed its long term liabilities ($2.5M).
Debt to Equity History and Analysis
Debt Level: DMRC is debt free.
Reducing Debt: DMRC has not had any debt for past 5 years.
Inventory Level: DMRC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DMRC's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DMRC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DMRC has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of -23.4% each year.
What is Digimarc's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DMRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DMRC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DMRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DMRC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DMRC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DMRC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Davis (66yo)
Mr. Bruce L. Davis has been the Chairman and Chief Executive Officer of Digimarc Corporation since June 18, 2008 and serves as its President. Mr. Davis has more than 25 years of experience establishing and ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD2.47M) is above average for companies of similar size in the US market ($USD609.32K).
Compensation vs Earnings: Bruce's compensation has increased whilst the company is unprofitable.
|Executive VP||6.42yrs||US$721.94k||0.50% $735.8k|
|Executive Vice President of Innovation||7.92yrs||US$655.53k||0.64% $940.6k|
|Executive VP & CTO||1yr||US$570.22k||0.31% $456.0k|
|Executive VP of Sustainability & Governance||16.92yrs||US$632.77k||0.50% $731.1k|
|Vice President of Marketing||no data||no data||no data|
|Vice President of Sales & Business Development||2yrs||no data||no data|
|Vice President of Human Resources||0.75yr||no data||no data|
Experienced Management: DMRC's management team is seasoned and experienced (6.4 years average tenure).
|Independent Director||11.75yrs||US$165.09k||0.18% $268.4k|
|Independent Director||3.5yrs||US$160.09k||0.13% $194.9k|
|Lead Independent Director||14.83yrs||US$170.09k||0.68% $997.8k|
|Independent Director||4.92yrs||US$155.09k||0.17% $252.0k|
|Independent Director||3.5yrs||US$157.59k||0.099% $146.5k|
Experienced Board: DMRC's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.
Digimarc Corporation's company bio, employee growth, exchange listings and data sources
- Name: Digimarc Corporation
- Ticker: DMRC
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Application Software
- Sector: Software
- Market Cap: US$147.308m
- Shares outstanding: 12.17m
- Website: https://www.digimarc.com
Number of Employees
- Digimarc Corporation
- 9405 SW Gemini Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DMRC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2008|
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. Its solutions are used in various media identification and management products and solutions, such as retail point of sale transaction processing; track and trace of products within the supply chain; quality control in manufacturing processes; counterfeiting and piracy deterrence; online e-publication piracy protection; content identification and media management; authentication and monitoring; linking to networks and providing access to information; and enhanced services in support of mobile commerce. The company provides its solutions directly and through its business partners. Digimarc Corporation was founded in 2008 and is based in Beaverton, Oregon.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 00:50|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.