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Mar 31, 2024
Digimarc Q1 2024 Earnings Report
Reported strong first quarter with significant ARR growth and expanded subscription gross profit margin.
Key Takeaways
Digimarc reported a strong first quarter with an 85% increase in quarter-ending Annual Recurring Revenue (ARR), a 52% growth in commercial subscription revenue, and an expansion of subscription gross profit margin by 7.5 percentage points to 87.0%.
Annual Recurring Revenue (ARR) increased by 85% compared to Q1 2023.
Commercial subscription revenue grew by 52% compared to Q1 2023.
Subscription gross profit margin expanded to 87.0%, a 7.5 percentage point increase.
Net loss improved to $10.3 million, or ($0.50) per share, compared to $14.0 million, or ($0.70) per share, in Q1 2023.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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Avg. Return Before/After Earnings
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