Digimarc Corporation (NASDAQ:DMRC) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 05:00 pm ET

Previous

Digimarc Corporation (NASDAQ:DMRC) Q2 2020 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Bruce Davis

They have been focused on other things. And so, and we aren't able to go out and visit them very effectively, and so that's been going slow.

And I think their focus and the focus, frankly, of the other retailers is appropriate. They've been buying Plexiglas and putting down vinyl on the floors and figuring out how to do home delivery and there's just a lot of stuff going, a lot of urgent changes where the effect on operations is more profound in the immediate than ours. And so that's where we are, I think, and I would say that is a general statement about retail, but particularly with respect to Wegmans. We're not as far along as I had hoped we would be.

Analyst
Jeff Bernstein

Okay, great. Thank you.

Operator
Operator

[Operator Instructions] And you do have a question in queue from Stephen Tomkins with Oppenheimer.

Analyst
Stephen Tomkins

Yes, hi, Bruce. I believe last quarter you mentioned that you were working with seven of the top 11 global consumer brands.

Executive
Bruce Davis

Yes.

Analyst
Stephen Tomkins

And I think you mentioned that you're up to eight now?

Executive
Bruce Davis

I think, yes, I think we did mention eight in the -- although, I haven't gone back to check my diagram that shows me everybody. But yes, I believe it's pretty much everybody at this point. I think we're pretty close to doing business with all of them.

Analyst
Stephen Tomkins

Okay. And would you say you're getting revenue recognition from most of those? Or how is that working there?

Executive
Bruce Davis

Did you say revenue recognition?

Analyst
Stephen Tomkins

Yes, are you seeing revenue from the top consumer brands?

Executive
Bruce Davis

Yes. Yes, we need to grow the revenues, but yes. Yes, all of our work in the recycling and sustainability areas is funded.

Analyst
Stephen Tomkins

Got you. And the other question I had was regarding Japan. Do you have any updates from there?

Executive
Bruce Davis

Charles, why I don't I turn that one over to you? Charles manages our work in Japan directly. Yes. So we're working hard to work on the implementation with retailers there. We've got a couple projects that are going on with some brands, but nothing quite yet where there's sufficient details. I'd mentioned last quarter that we had a pilot going with a large logistics company there; that is continuing and we're trying to leverage that relationship into some other opportunities. Once those opportunities are far enough along, then I'll provide a more detailed disclosure on them, but they're just not at the point yet where I want to.

Analyst
Stephen Tomkins

Excellent. Thank you very much.

Operator
Operator

This concludes our question-and-answer session. I would now like to turn the call back over to Bruce Davis. Sir, please proceed.

Executive
Bruce Davis

All right. Thank you, everyone, for participating today. We'll look forward to talking to you again soon, and please get in touch if you have any questions. You can contact the appropriate folks. We now have D.J. in charge of Investor Relations; he's happy to help anyone out who needs more information. So that's it for now. Thank you and good-bye.

Operator
Operator

[Operator Closing Remarks]