earnings
confidence high
sentiment negative
materiality 0.65
Digimarc Q3 revenue $9.4M (+4% YoY); ARR drops to $18.7M; net loss $0.50/sh
Digimarc CORP
2024-Q3 EPS reported
-$1.43
revenue$29,760,000
- Total revenue $9.4M vs $9.0M YoY; subscription revenue $5.3M (+$0.5M).
- GAAP net loss $10.8M ($0.50/sh) vs $10.7M ($0.53/sh) YoY; non-GAAP loss $6.1M ($0.29/sh).
- ARR fell to $18.7M from $19.6M, driven by a $5.8M hit from delayed renewal of a commercial contract.
- Cash and marketable securities $33.7M, up from $27.2M at Dec 2023.
- CEO cites 'most significant quarter' but acknowledges revenue doesn't yet reflect the outlook.