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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.
Digimarc
Digimarc
Digimarc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income