Digimarc Q4 revenue up 29% YoY, ARR grows 71%, subscription margins expand to 87%

Digimarc CORP

2023-FY EPS reported -$2.26 revenue$34,851,000

Q4 total revenue $9.3M (+29% YoY), subscription revenue $5.6M (+37% YoY), ARR growth 71% YoY.
Subscription gross profit margin (ex-amort) expanded to 87% from 77% YoY.
GAAP net loss $10.6M ($0.52/sh) improved from $12.4M ($0.62/sh); non-GAAP net loss $5.6M ($0.28/sh) from $8.2M ($0.41/sh).
FY2023 revenue $34.9M (+16% YoY); net loss $46.0M ($2.26/sh) vs $59.8M ($3.12/sh) in FY2022.
Cash and marketable securities $27.2M at Dec 31, 2023, down from $52.5M at Dec 31, 2022.

item 1.02 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 1.0

Digimarc CORP reported fourth quarter ended December 31, 2023 results: revenue $9.3 million, net income $10.6 million, EPS ($0.52) per share.

Period: fourth quarter ended December 31, 2023
Revenue: $9.3 million
Net income: $10.6 million
EPS: ($0.52) per share
Result: reported results

Exact text from the filing

2022 , primarily due to higher service revenue from a consortium of the world’s central banks (the “Central Banks”) . Total revenue for the fourth quarter of 2023 increased to $9.3 million compared to $7.2 million for the fourth quarter of 2022 . Gross profit margin for the fourth quarter of 2023 increased to 63% compared to 53% for the fourth quarter of 2022 .

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Digimarc CORP reported fiscal year ended December 31, 2023 results: revenue $34.9 million, net income $46.0 million loss, EPS ($2.26) loss per common share.

Period: fiscal year ended December 31, 2023
Revenue: $34.9 million
Net income: $46.0 million loss
EPS: ($2.26) loss per common share
Result: reported results

Exact text from the filing

for program work, partially offset by $0.8 million of lower service revenue from the timing of HolyGrail 2.0 recycling projects. Total revenue for fiscal year 2023 increased to $34.9 million compared to $30.2 million for fiscal year 2022 . Gross profit margin for fiscal year 2023 increased to 58% compared to 51% for fiscal year 2022 . Excluding amortization expense

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Digimarc CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-005896

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.