BEAVERTON, ORE. (AP) - Digimarc Corp., which develops digital watermarking technology for images, reported a wider second-quarter loss on Friday as it booked development costs for joint venture investments with The Nielsen Co.
For the quarter that ended June 30, Digimarc lost $896,000, or 13 cents per share, compared with losses of $678,000, or 9 cents per share, in the year-ago period. The operating loss, excluding the joint venture costs, narrowed to $378,000 from $814,000 a year ago.
Digimarc and Nielsen last June agreed to launch two companies developing new products and services based on Digimarc’s patent portfolio and Nielsen’s consumer and business data.
The Beaverton, Ore., company’s quarterly revenue rose 13 percent to $5.2 million from $4.3 million, mainly due to higher royalties from licensees and partly because of increased services from certain major customers.
Digimarc shares gained 7 cents to $20.35 in afternoon trading. The stock is nearing its all-time high of $22, hit in March.
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