Digimarc Corporation (DMRC) saw its stock price plummet by 31.95% in pre-market trading on Thursday, following the release of its disappointing fourth-quarter earnings results and the announcement of a significant workforce reduction as part of a restructuring plan.
The online marketing company reported a wider net loss of $8.65 million, or $0.40 per share, for the fourth quarter, compared to a loss of $10.6 million or $0.52 per share in the same period a year ago. Revenue also declined by 6.7% to $8.66 million, missing analysts' expectations.
In an effort to achieve profitability goals, Digimarc announced a restructuring plan that is expected to impact up to 90 employees, or approximately 36% of its workforce. The company stated that the cuts would reduce its annualized cash expenses by $16.5 million and result in about $5.5 million of other annualized cash cost savings.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。