DMRC - Digimarc shares plunge after Q4 results fall short of estimates

Digimarc (DMRC) shares are currently down 16.8% after yesterday's Q4 results fell short of analyst estimates on the top and bottom lines.Revenue was up 6% on the year to $5.8M about $100K short of consensus. Loss per share was $0.53, three cents worse than expected.Service revenue was up 7% on the year due to Government and Retail demand. Subscription revenue was up 1% as new bookings were partially offset by the impact of renegotiating a contract with a retail supplier partner.Press release.

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Digimarc shares plunge after Q4 results fall short of estimates