Digimarc Q1 ARR up 85% YoY; subscription gross margin expands to 87%, net loss narrows to $0.50/share

Digimarc CORP

2024-Q1 EPS reported -$0.50 revenue$9,938,000

ARR grew 85% YoY; commercial subscription revenue up 52% to $5.8M.
Subscription gross profit margin (excl. amort.) improved to 87% from 80% YoY.
Total revenue increased to $9.9M from $7.8M; net loss narrowed to $10.3M ($0.50/share) from $14.0M ($0.70).
Non-GAAP net loss per share improved to ($0.27) from ($0.45) YoY.
Cash and marketable securities totaled $48.9M, up from $27.2M at Dec 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 0.9

Digimarc CORP reported the first quarter ended March 31, 2024 results: revenue $9.9 million, net income $10.3 million, EPS ($0.50) per share.

Period: the first quarter ended March 31, 2024
Revenue: $9.9 million
Net income: $10.3 million
EPS: ($0.50) per share
Result: reported results

Exact text from the filing

compared to $4.0 million for the first quarter of 2023 , primarily reflecting the timing of government program work . Total revenue for the first quarter of 2024 increased to $9.9 million compared to $7.8 million for the first quarter of 2023 . Gross profit margin for the first quarter of 2024 increased to 63% compared to 54% for the first quarter of 2023 .

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Source: SEC EDGAR

accession 0001437749-24-014360

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