Digimarc Reports First Quarter 2024 Financial Results
Digimarc Corporation (DMRC)
Last digimarc corporation earnings: 10/30 04:05 pm
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Source: Business Wire
Annual Recurring Revenue(1) Increases 85%Subscription Gross Profit Margin(2) Expands to 87% BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation reported financial results for the first quarter ended March 31, 2024.“Q1 was another strong quarter for Digimarc. Compared to the first quarter of 2023, we grew quarter-ending Annual Recurring Revenue (ARR) 85%, grew commercial subscription revenue 52%, and expanded subscription gross profit margin 7.5 percentage points to 87.0%,” said Digimarc CEO Riley McCormack. “We are focused on positioning ourselves to convert our large Total Addressable Market (TAM) into substantial free cash flow by delivering high and long-lasting growth at world class operating margins. Q1 provided multiple tangible examples of our progress against this focus.”First Quarter Financial ResultsSubscription revenue for the first quarter of 2024 increased to $5.8 million compared to $3.9 million for the first quarter of 2023, primarily reflecting higher subscriptio
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News
- Digimarc Appoints Former SAP and Workato HR Executive and Human Capital Strategist Carle Quinn as Chief People Officer [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Digimarc Appoints Former SAP and Workato HR Executive and Human Capital Strategist Carle Quinn as Chief People Officer [Yahoo! Finance]Yahoo! Finance
- Digimarc Appoints Former SAP and Workato HR Executive and Human Capital Strategist Carle Quinn as Chief People OfficerBusiness Wire
- Digimarc Corporation (NASDAQ:DMRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Digimarc Co. (NASDAQ: DMRC) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
DMRC
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/15/24 - Form 4
- DMRC's page on the SEC website