Digimarc has announced its results for the first quarter of 2007, revealing a significant improvement on last year’s figures.
Revenue for the quarter totalled US$26.8 million, 1% lower than for the comparable period last year. The first quarter net loss of US$1.0 million, or US$0.05 per fully diluted share, was an improvement of US$5.2 million on the net loss of US$6.2 million, or US$0.30 per fully diluted share, for the comparable period of 2006.
Operating expenses were US$11.4 million, which was 18% lower than 2006’s first quarter figure of US$14.0 million. Cash flow from operations was US$5.4 million, a US$5.0 million improvement on the first quarter of 2006.
In a separate announcement, the company has revealed it has been selected by the Tanzanian National Electoral Commission to provide secure ID materials for the photo registration of voters in the country.
"Digimarc is playing a growing role in helping countries across the African continent to improve the identity management and credentialing systems that support a range of critical government functions, including elections, national ID systems and driver licensing," says Bob Eckel, president, government programmes, Digimarc. "We are pleased to be working with Tanzania to bring secure voter credentials to its citizens as a means of taking part in future elections."