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Digimarc

Nasdaq:DMRC
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DMRC
Nasdaq
$147M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. The last earnings update was 38 days ago. More info.


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  • Digimarc has significant price volatility in the past 3 months.
DMRC Share Price and Events
7 Day Returns
-4.4%
NasdaqGS:DMRC
-1%
US Software
-2%
US Market
1 Year Returns
-61.5%
NasdaqGS:DMRC
6.5%
US Software
-15.1%
US Market
DMRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Digimarc (DMRC) -4.4% -39.9% -64.3% -61.5% -56.4% -44.5%
US Software -1% -15% -8.6% 6.5% 91.4% 143.8%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • DMRC underperformed the Software industry which returned 6.5% over the past year.
  • DMRC underperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
DMRC
Industry
5yr Volatility vs Market

DMRC Value

 Is Digimarc undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Digimarc. This is due to cash flow or dividend data being unavailable. The share price is $12.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Digimarc's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Digimarc's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:DMRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.79
NasdaqGS:DMRC Share Price ** NasdaqGS (2020-04-03) in USD $12.1
United States of America Software Industry PE Ratio Median Figure of 70 Publicly-Listed Software Companies 38.29x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Digimarc.

NasdaqGS:DMRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DMRC Share Price ÷ EPS (both in USD)

= 12.1 ÷ -2.79

-4.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Digimarc is loss making, we can't compare its value to the US Software industry average.
  • Digimarc is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Digimarc's expected growth come at a high price?
Raw Data
NasdaqGS:DMRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-1.8%per year
United States of America Software Industry PEG Ratio Median Figure of 57 Publicly-Listed Software Companies 2.3x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Digimarc, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Digimarc's assets?
Raw Data
NasdaqGS:DMRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.11
NasdaqGS:DMRC Share Price * NasdaqGS (2020-04-03) in USD $12.1
United States of America Software Industry PB Ratio Median Figure of 217 Publicly-Listed Software Companies 4.05x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NasdaqGS:DMRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DMRC Share Price ÷ Book Value per Share (both in USD)

= 12.1 ÷ 4.11

2.94x

* Primary Listing of Digimarc.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Digimarc is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Digimarc's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Digimarc has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DMRC Future Performance

 How is Digimarc expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Digimarc expected to grow at an attractive rate?
  • Unable to compare Digimarc's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Digimarc's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Digimarc's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:DMRC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:DMRC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -1.8%
NasdaqGS:DMRC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 19.8%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:DMRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:DMRC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 35 -34 1
2020-12-31 28 -35 2
2020-04-05
NasdaqGS:DMRC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 23 -22 -33
2019-09-30 23 -22 -32
2019-06-30 22 -22 -33
2019-03-31 21 -23 -33
2018-12-31 21 -21 -33
2018-09-30 21 -20 -33
2018-06-30 25 -19 -29
2018-03-31 25 -18 -28
2017-12-31 25 -18 -26
2017-09-30 26 -19 -23
2017-06-30 22 -17 -24
2017-03-31 22 -15 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Digimarc is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Digimarc's revenue is expected to grow by 19.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:DMRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Digimarc Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DMRC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -2.68 -2.68 -2.68 1.00
2020-12-31 -2.89 -2.88 -2.89 2.00
2020-04-05
NasdaqGS:DMRC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.79
2019-09-30 -2.77
2019-06-30 -2.85
2019-03-31 -2.88
2018-12-31 -2.86
2018-09-30 -2.92
2018-06-30 -2.59
2018-03-31 -2.55
2017-12-31 -2.44
2017-09-30 -2.24
2017-06-30 -2.41
2017-03-31 -2.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Digimarc will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Digimarc's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Digimarc has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DMRC Past Performance

  How has Digimarc performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Digimarc's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Digimarc does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Digimarc's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Digimarc's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Digimarc's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Digimarc Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DMRC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 22.99 -32.84 30.72 16.47
2019-09-30 22.90 -32.17 30.23 16.02
2019-06-30 21.98 -32.75 29.92 15.99
2019-03-31 21.24 -32.86 29.32 16.06
2018-12-31 21.19 -32.51 29.04 15.97
2018-09-30 20.82 -32.86 29.07 16.01
2018-06-30 24.59 -28.76 28.40 16.05
2018-03-31 24.74 -27.67 27.46 15.92
2017-12-31 25.21 -25.77 26.32 15.44
2017-09-30 25.54 -23.16 24.38 14.92
2017-06-30 22.43 -24.12 22.84 14.11
2017-03-31 22.30 -22.46 21.44 13.55
2016-12-31 21.79 -21.67 20.19 13.39
2016-09-30 21.63 -21.22 19.64 13.10
2016-06-30 21.44 -20.49 18.81 13.04
2016-03-31 21.78 -19.22 18.06 12.69
2015-12-31 22.19 -17.93 17.23 12.47
2015-09-30 23.04 -21.80 16.62 12.61
2015-06-30 24.58 -19.32 16.64 12.87
2015-03-31 24.44 -18.03 16.94 13.25
2014-12-31 25.66 -15.92 16.95 13.71
2014-09-30 26.62 -8.08 17.32 13.90
2014-06-30 27.12 -6.94 17.07 13.68
2014-03-31 31.93 -3.65 16.61 13.10
2013-12-31 34.96 -0.70 15.76 12.27
2013-09-30 37.45 1.64 14.64 11.10
2013-06-30 38.93 3.43 13.92 10.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Digimarc has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Digimarc has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Digimarc improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Digimarc's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Digimarc has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DMRC Health

 How is Digimarc's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Digimarc's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Digimarc is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Digimarc's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Digimarc's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Digimarc has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Digimarc Company Filings, last reported 3 months ago.

NasdaqGS:DMRC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 49.45 0.00 36.82
2019-09-30 55.84 0.00 41.34
2019-06-30 62.40 0.00 49.96
2019-03-31 49.84 0.00 37.47
2018-12-31 56.62 0.00 43.66
2018-09-30 62.84 0.00 49.42
2018-06-30 69.70 0.00 56.78
2018-03-31 76.12 0.00 63.67
2017-12-31 82.35 0.00 67.74
2017-09-30 77.38 0.00 60.89
2017-06-30 80.29 0.00 67.76
2017-03-31 68.26 0.00 56.19
2016-12-31 73.33 0.00 56.13
2016-09-30 78.12 0.00 54.47
2016-06-30 42.73 0.00 31.94
2016-03-31 46.96 0.00 33.85
2015-12-31 51.46 0.00 36.19
2015-09-30 55.92 0.00 43.04
2015-06-30 46.68 0.00 34.05
2015-03-31 49.66 0.00 37.10
2014-12-31 52.17 0.00 38.32
2014-09-30 44.88 0.00 21.79
2014-06-30 46.45 0.00 24.12
2014-03-31 49.35 0.00 31.18
2013-12-31 50.92 0.00 29.66
2013-09-30 53.83 0.00 33.01
2013-06-30 54.47 0.00 34.50
  • Digimarc has no debt.
  • Digimarc has not taken on any debt in the past 5 years.
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.

  • Digimarc has sufficient cash runway for 1.5 years based on current free cash flow.
  • Digimarc has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 23.4% each year.
X
Financial health checks
We assess Digimarc's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Digimarc has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DMRC Dividends

 What is Digimarc's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Digimarc dividends.
If you bought $2,000 of Digimarc shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Digimarc's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Digimarc's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:DMRC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:DMRC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-05
NasdaqGS:DMRC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-04-28 0.000 0.000
2016-04-27 0.000 0.000
2016-02-25 0.000 0.000
2016-02-24 0.000 0.000
2015-10-30 0.000 0.000
2015-10-28 0.000 0.000
2015-07-23 0.000 0.000
2015-07-22 0.000 0.000
2015-04-28 0.000 0.000
2015-04-27 0.000 0.000
2015-02-20 0.000 0.000
2015-02-19 0.000 0.000
2014-10-24 0.000 0.000
2014-10-22 0.000 0.000
2014-04-23 0.440 1.620
2014-02-20 0.440 1.404
2013-10-24 0.440 2.020
2013-07-25 0.440 2.162
2013-04-30 0.440 1.941
2013-02-21 0.440 2.035
2012-10-25 0.440 2.154
2012-07-26 0.440 1.976
2012-04-26 0.440 1.713

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Digimarc has not reported any payouts.
  • Unable to verify if Digimarc's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Digimarc's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Digimarc has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Digimarc's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Digimarc afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Digimarc has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DMRC Management

 What is the CEO of Digimarc's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Davis
COMPENSATION $2,468,326
AGE 66
TENURE AS CEO 11.8 years
CEO Bio

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 managing new businesses to foster development of major new technology markets and drive early adoption of novel digital technologies ranging from video games and computer entertainment, to electronic TV program guides, and most recently, digital watermarking and secure identity management systems. He has developed a keen understanding of the possibilities and pitfalls associated with fostering the diffusion of innovative technologies into emerging markets. He served as the Chief Executive Officer of L-1 Secure Credentialing, Inc. since December 1997. He served as the President of L-1 Secure Credentialing, Inc. from December 1997 to May 2001. He served as the President of Titan Broadband Communications, from April 1997 to December 1997. He served as the President of Prevue Networks, Inc., from July 1996 to February 1997. Mr. Davis founded TV Guide On Screen and served as its President from January 1993 to July 1996. He has been a Director of Digimarc Corporation since 2008. He served as a Director of Digimarc Corporation since December 1997 and as its Chief Executive Officer since 2001, chairman of the Board of Directors since May 2002, and as its President from December 1997 through May 2001. Mr. Davis received a BS in Accounting and Psychology and an MA in Criminal Justice from the State University of New York at Albany and a JD from Columbia University.

CEO Compensation
  • Bruce's compensation has increased whilst company is loss making.
  • Bruce's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Digimarc management team in years:

6.4
Average Tenure
52
Average Age
  • The average tenure for the Digimarc management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bruce Davis

TITLE
President
COMPENSATION
$2M
AGE
66
TENURE
11.8 yrs

Charles Beck

TITLE
Executive VP
COMPENSATION
$722K
AGE
41
TENURE
6.4 yrs

Joel Meyer

TITLE
Executive Vice President of Innovation
COMPENSATION
$656K
AGE
52
TENURE
7.9 yrs

Tony Rodriguez

TITLE
Executive VP & CTO
COMPENSATION
$570K
AGE
50
TENURE
1 yrs

Robert Chamness

TITLE
Executive VP of Sustainability & Governance
COMPENSATION
$633K
AGE
66
TENURE
16.9 yrs

Heidi Dethloff

TITLE
Vice President of Marketing

Brian O’Sullivan

TITLE
Vice President of Sales & Business Development
TENURE
2 yrs

Cindy Marple

TITLE
Vice President of Human Resources
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Digimarc board of directors in years:

8.3
Average Tenure
64
Average Age
  • The tenure for the Digimarc board of directors is about average.
Board of Directors

Bruce Davis

TITLE
President
COMPENSATION
$2M
AGE
66
TENURE
11.8 yrs

Bern Whitney

TITLE
Independent Director
COMPENSATION
$165K
AGE
62
TENURE
11.8 yrs

Dick King

TITLE
Independent Director
COMPENSATION
$155K
AGE
69
TENURE
4.9 yrs

Gary Destefano

TITLE
Independent Director
COMPENSATION
$160K
AGE
62
TENURE
3.5 yrs

James Richardson

TITLE
Lead Independent Director
COMPENSATION
$170K
AGE
71
TENURE
14.8 yrs

Andy Walter

TITLE
Independent Director
COMPENSATION
$158K
AGE
50
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Feb 20 Sell Gary Destefano Individual 18. Dec 19 18. Dec 19 -24,705 $35.01 $-864,922
10. Dec 19 Sell Tony Rodriguez Individual 06. Dec 19 06. Dec 19 -2,000 $35.00 $-70,000
04. Dec 19 Sell Tony Rodriguez Individual 03. Dec 19 03. Dec 19 -1,000 $33.00 $-33,000
13. Jun 19 Sell Andrew Walter Individual 13. Jun 19 13. Jun 19 -2,000 $51.24 $-102,480
03. Jun 19 Sell Andrew Walter Individual 03. Jun 19 03. Jun 19 -2,000 $50.26 $-100,520
23. May 19 Sell Tony Rodriguez Individual 22. May 19 22. May 19 -1,398 $63.02 $-88,102
23. May 19 Sell Robert Chamness Individual 21. May 19 21. May 19 -3,688 $60.46 $-222,976
13. May 19 Sell Robert Chamness Individual 09. May 19 09. May 19 -8,062 $60.06 $-484,204
13. May 19 Sell Joel Meyer Individual 09. May 19 10. May 19 -2,000 $57.86 $-114,760
09. May 19 Sell Robert Chamness Individual 03. May 19 03. May 19 -15,334 $48.44 $-742,779
09. May 19 Sell Bruce Davis Individual 08. May 19 08. May 19 -5,799 $58.64 $-340,053
07. May 19 Sell Bruce Davis Individual 03. May 19 03. May 19 -15,000 $47.90 $-718,500
X
Management checks
We assess Digimarc's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Digimarc has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DMRC News

Simply Wall St News

What Kind Of Shareholder Appears On The Digimarc Corporation's (NASDAQ:DMRC) Shareholder Register?

Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … Check out our latest analysis for Digimarc NasdaqGS:DMRC Ownership Summary, August 20th 2019 What Does The Institutional Ownership Tell Us About Digimarc? … As you can see, institutional investors own 65% of Digimarc.

Simply Wall St -

Digimarc Corporation (NASDAQ:DMRC): Should The Recent Earnings Drop Worry You?

When Digimarc Corporation (NASDAQ:DMRC) released its most recent earnings update (30 June 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Check out our latest analysis for Digimarc Was DMRC's recent earnings decline worse than the long-term trend and the industry? … DMRC is loss-making, with the most recent trailing twelve-month earnings of -US$32.8m (from 30 June 2019), which compared to last year has become more negative.

Simply Wall St -

How Should Investors Feel About Digimarc Corporation's (NASDAQ:DMRC) CEO Pay?

View our latest analysis for Digimarc How Does Bruce Davis's Compensation Compare With Similar Sized Companies? … Our data indicates that Digimarc Corporation is worth US$517m, and total annual CEO compensation is US$2.2m. … Over the last three years Digimarc Corporation has shrunk its earnings per share by an average of 7.7% per year (measured with a line of best fit).

Simply Wall St -

Who Has Been Selling Digimarc Corporation (NASDAQ:DMRC) Shares?

So before you buy or sell Digimarc Corporation (NASDAQ:DMRC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Insiders at Digimarc Have Sold Stock Recently The last quarter saw substantial insider selling of Digimarc shares.

Simply Wall St -

Update: Digimarc (NASDAQ:DMRC) Stock Gained 74% In The Last Year

For example, the Digimarc Corporation (NASDAQ:DMRC) share price is up 74% in the last year, clearly besting than the market return of around 7.8% (not including dividends). … Digimarc isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … To us that means that there isn't a lot of correlation between the past revenue performance and the share price, but a closer look at analyst forecasts and the bottom line may well explain a lot.

Simply Wall St -

Here's What We Think About Digimarc Corporation's (NASDAQ:DMRC) CEO Pay

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Bruce Davis's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Digimarc Corporation has a market cap of US$398m, and is paying total annual CEO compensation of US$5.4m.

Simply Wall St -

Does Market Volatility Impact Digimarc Corporation's (NASDAQ:DMRC) Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

How Much Of Digimarc Corporation (NASDAQ:DMRC) Do Institutions Own?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Companies that used to be publicly owned tend to have lower insider ownership. … With a market capitalization of US$260m, Digimarc is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

What You Must Know About Digimarc Corporation's (NASDAQ:DMRC) Financial Strength

The direct benefit for Digimarc Corporation (NASDAQ:DMRC), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does DMRC's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Does Digimarc Corporation's (NASDAQ:DMRC) CEO Pay Compare Well With Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Bruce Davis's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Digimarc Corporation has a market cap of US$174m, and is paying total annual CEO compensation of US$5.4m.

Simply Wall St -

DMRC Company Info

Description

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.

Details
Name: Digimarc Corporation
DMRC
Exchange: NasdaqGS
Founded: 2008
$147,307,868
12,174,204
Website: http://www.digimarc.com
Address: Digimarc Corporation
9405 SW Gemini Drive,
Beaverton,
Oregon, 97008,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DMRC Common Stock Nasdaq Global Select US USD 17. Oct 2008
Number of employees
Current staff
Staff numbers
216
Digimarc employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 01:41
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/27
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.