Digimarc's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Digimarc (DMRC) Q2 2011 Earnings Call July 21, 2011 17:00 ET

Operator

Good afternoon and thank you for participating in the conference call today. I will now call to the president and CEO of Digimarc, Bruce Davis. Mr. Davis, please.

Bruce Davis

Thank you. Good afternoon, everyone. Welcome to our teleconference. Mike McConnell, our CFO, is with me.The objectives of this call is to review and discuss financial results for the second quarter, about the important business developments and market conditions and provide an update on our strategy and operations. The webcast will be archived in the Investor Relations section of our website.

Please note that during the course of the call, we will make certain forward-looking statements, including issues concerning the recognition of revenues, operating results, investments, initiatives and growth strategies.

These statements are subject to numerous assumptions, risks, uncertainties and changes in circumstances. Any assumptions we offer about future performance represent a point-in-time estimate. Actual results may vary materially from those expressed or implied by such statements.

We expressly disclaim any obligation to revise or update any assumptions, projections or other forward-looking statements to reflect events or circumstances that may arise after the date of this call.

For more information about risk factors that may cause actual results to differ from expectations, please see the company's filings with the SEC, including our latest Form 10-Q.

Mike will begin by commenting on our financial results. I will then discuss our outlook and execution of strategy. Mike?

Michael McConnell

Thanks, Bruce, and good afternoon, everyone. Our quarterly profits grew by $4.5 million over last year on significantly higher revenues. Our balance sheet remains in excellent shape, with more than $30 million of cash and securities and no debt.

We purchased -- repurchased approximately 66,000 shares during the quarter, and we continue investing significantly in growth, including marketing of our intellectual property with Intellectual Ventures, building-out our joint ventures with Nielsen, developing the second wave of retained patents and beginning commercialization of Digimarc Discover, all in support of our vision of enabling computers, networks and other digital devices to see, hear, understand and respond to their surroundings.

Q-Ray Gold Deluxe

"The Deluxe Series is the ultimate in style and function. The sophisticated design and engineering of the twisted band is the perfect choice for many because of its natural comfortable fit, lighter weight and overall flexibility. This special design minimizes sliding and movement during any type of activity. The Q-Ray  Bracelet? is specially engineered using select mineral component metals and exclusive technology to ensure the best performance and appearance. The terminal ends (flat balls) are attached using a two-fold connection process to ensure maximum security and durability. What size should I wear? Size is determined by measuring the circumference of your wrist. The correct placement of the Q-Ray  Bracelet? is initially on the right wrist with the two terminals (balls) positioned between 1/2 inch to 1-1/2 inches apart on the top of the wrist or ""up"" position. You may also wear the bracelet on the left wrist, but the terminals must be worn in the underside or ""down"" position on the wrist. The Q-Ray  Bracelet, because of its design, conforms naturally to the shape of your wrist. When worn properly, the ends of the bracelet should not come in contact with each other, or with other metal bracelets or a watch. Caution: Do not use a Q-Ray bracelet if you wear a pacemaker or electric implants of any kind or are allergic to metal All Q-Ray Bracelets have a 30 Day Money Back Guarantee. If you are unsatisfied for any reason you can return your bracelet for a full refund within 30 days of your purchase. If you have any questions about this product, or would like to order by phone, please call us Toll Free at 888-733-8383. We look forward to hearing from you!

Anesthesiology Keywords Review

StarBriefs plus, a dictionary of abbreviations, acronyms, and symbols in astronomy and related space sciences

Starbriefs 2001, A Dictionary of Abbreviations, Acronyms and Symbols in Astronomy, Related Space Sciences and Other Related Fields

Chemical abstracts, Key to the World's Chemical Literature

CGI programming with Perl