Digimarc Corporation (NASDAQ:DMRC) Q4 2020 Earnings Conference Call February 24, 2021 5:00 PM ET
Company Participants
Bruce Davis - Chairman & Chief Executive Officer
Charles Beck - Chief Financial Officer
Bob Chamness - Executive Vice President, Sustainability
Conference Call Participants
Jim Ricchiuti - Needham & Company
Rudy Kessinger - Craig-Hallum Capital
Robin Knipp - Janney Montgomery
Operator
Good afternoon and thank you for participating in today’s conference call.
Now I will turn the call over to Chairman and CEO of Digimarc, Mr. Bruce Davis. Sir, you may proceed.
Bruce Davis
Thank you. Good afternoon, everyone. Welcome to our conference call. Charles Beck, our CFO, is with me. We also have Bob Chamness, our EVP, in charge of Sustainability, joining us today to provide an update on progress and prospects in this increasingly important use of our platform in plastics recycling.
On the call today, we will review Q4 and fiscal 2020 financial results, discuss significant business developments and market conditions and provide an update on progress and execution of strategy. We have posted these prepared remarks in the Investor Relations section of our website and will archive this webcast there.
Before we begin, let me remind everyone that today's discussion contains forward-looking statements that have risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.
Charles will now comment on our financial results. Charles?
Charles Beck
Thank you, Bruce. 2020 was an extraordinary year, full of unforeseen challenges and opportunities. We started the year with a focus on retail store operations, then along came COVID-19. The pandemic caused a reprioritization of resources at retailers that impeded progress with thermal labels and new retail account acquisition. Although revenues increased year-over-year, we did not hit our growth goals for bookings. The effect of the pandemic was
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