Digimarc Reports Fourth Quarter and Fiscal Year 2023 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 71%Subscription Gross Profit Margin(2) Expands to 87% BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC) reported financial results for the fourth quarter and fiscal year ended December 31, 2023.“Q4 was another strong quarter for Digimarc. On a year-over-year basis, we accelerated our ARR growth to 71%, accelerated our subscription revenue growth to 37%, and expanded our subscription Gross Profit Margins more than 1,000 basis points to 87%,” said Digimarc CEO Riley McCormack. “These results were made possible by the team’s execution on multiple important initiatives we have been pursuing since we began our transformation in the second quarter of 2021, and with an ethos of never settling for the status quo and always planting the seeds for future growth, we remain excited for what is ahead.”Fourth Quarter 2023 Financial ResultsSubscription revenue for the fourth quarter of 2023 increased to $5.6 million compared to $4.1 millio
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DMRC
Sec Filings
- 4/24/24 - Form DEF
- 4/24/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- DMRC's page on the SEC website