By Kelly Cloonan
Shares of Digimarc slid after the company reported a decline in revenue in its latest quarter.
The stock fell 25% to $8.28 on Friday. Shares are off by 78% this year.
The digital watermarking technologies company said Thursday that revenue declined to $8 million in the second quarter, compared with $10.4 million a year ago.
Subscription revenue fell to $4.6 million compared with $6.4 million, reflecting the expiration of two commercial contracts. Service revenue decreased to $3.4 million from $4 million, due to lower government service revenue from central banks, the company said.
Digimarc posted a loss of $8.2 million, or 38 cents a share, compared with a loss of $9.3 million, or 43 cents a share, a year earlier.
On an adjusted basis, loss per share was 11 cents.
Separately on Thursday, the company said Chief Revenue Officer Tom Benton will depart the company, effective Sept. 1.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
August 15, 2025 12:48 ET (16:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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