Digimarc Q3 revenue $9.0M, ARR up 54% YoY, net loss narrows to $10.7M

Digimarc CORP

2023-Q3 EPS reported -$1.76 revenue$25,567,000

Subscription revenue $4.8M (+17% YoY); service revenue $4.2M; total revenue $9.0M.
Ending Annual Recurring Revenue increased 54% YoY; subscription gross margin (ex-amortization) expanded to 85% from 75%.
GAAP net loss $10.7M ($0.53 per share) vs $14.9M ($0.76); Non-GAAP net loss $5.9M ($0.29) vs $9.3M ($0.47).
Operating expenses decreased 17% to $16.4M, driven by lower severance and headcount costs.
Cash, cash equivalents and marketable securities totaled $33.3M at September 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Digimarc CORP reported third quarter ended September 30, 2023 results: revenue $9.0 million, net income $10.7 million or $ (0.53) per share, EPS $(0.53) per share.

Period: third quarter ended September 30, 2023
Revenue: $9.0 million
Net income: $10.7 million or $ (0.53) per share
EPS: $(0.53) per share
Result: reported results

Exact text from the filing

Total revenue for the third quarter of 2023 increased to $9.0 million compared to $7.8 million for the third quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-030384

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