Digimarc Q2 2024: total rev $10.4M (+20% YoY), ARR $23.9M (+44%), net loss -$0.43/sh vs -$0.53/sh

Digimarc CORP

2024-Q2 EPS reported -$0.93 revenue$20,317,000

Annual Recurring Revenue (ARR) at June 30, 2024 was $23.9M, up 44% from $16.7M a year ago.
Total revenue $10.4M (Q2 2024) vs $8.7M (Q2 2023); subscription revenue $6.4M (+36% YoY); service revenue $4.0M (-2%).
Non-GAAP net loss per share $(0.23) vs $(0.29) YoY; GAAP net loss $(0.43) vs $(0.53).
Cash and investments $41.5M at June 30, 2024, up from $27.2M at Dec 31, 2023.
Subscription gross profit margin (excl. amort.) expanded to 89% from 84% YoY.

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