U.S. stocks edge higher; solid earnings season continues
BEAVERTON, Ore. - Digimarc Corporation (NASDAQ:DMRC), currently trading at $12.60 and identified as undervalued according to InvestingPro analysis, announced Tuesday the appointment of Rishi Bajaj to its Board of Directors. Bajaj is the founder and Chief Investment Officer of private investment firm Altai Capital Management, L.P. and currently serves as CEO of ContextLogic Inc. (NASDAQ:LOGC).
As part of the appointment, Digimarc has entered into a cooperation agreement with Bajaj and Altai Capital Management. Under the agreement, Bajaj and Altai have committed to vote in accordance with the Digimarc Board’s recommendations on shareholder proposals through the day after the company’s 2026 annual meeting, with limited exceptions. The appointment comes as the company maintains strong financial fundamentals, with InvestingPro data showing an impressive 75.82% gross profit margin and a healthy balance sheet with more cash than debt.
Bajaj brings over fifteen years of investment management experience to the digital watermarking technology company. He currently serves on the Board of Directors of ContextLogic and has previously held board positions at MobileIron, Inc. and ServiceSource International, Inc.
"Rishi has consistently demonstrated a deep understanding of our business, enabling him to deliver both financial and strategic value to the company," said Riley McCormack, CEO of Digimarc, in a press release statement.
Katie Kool, Chair of Digimarc’s Board of Directors, noted that Bajaj’s "expertise in strategy and corporate transformation will bring valuable insights" and highlighted his "unique perspective as both a public company CEO and as a major shareholder."
Digimarc, which describes itself as a pioneer in digital watermarking technologies, partners with central banks globally to deter currency counterfeiting and supports industry standards across physical and digital domains. Despite recent market challenges, with the stock down 66% over the past six months, the company maintains a solid liquidity position with a current ratio of 2.7. For deeper insights into Digimarc’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which include additional ProTips and advanced metrics.
In other recent news, Digimarc Corporation reported its first-quarter 2025 earnings, with a net loss per share of $0.55, compared to $0.50 in the same quarter last year. The company’s revenue reached $9.4 million, which did not meet the forecasted $11.93 million. Despite this revenue shortfall, Digimarc’s adjusted annual recurring revenue increased by 11%, surpassing internal projections and excluding previously lost revenue from Walmart. Additionally, Needham maintained its Buy rating and $30 price target on Digimarc, highlighting the company’s efforts to reduce costs and anticipate a decrease in non-GAAP operating expenses. Digimarc is expected to achieve its non-GAAP operating income goal by the end of the year. In corporate developments, the company announced the promotion of Carle Quinn to Chief Operating Officer, a move aimed at enhancing operational efficiency. Furthermore, at the annual shareholders’ meeting, Digimarc successfully appointed several directors, with strong support for all nominees. These developments reflect Digimarc’s ongoing strategic initiatives and financial adjustments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.