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Jun 30, 2024
Digimarc Q2 2024 Earnings Report
Digimarc's financial performance improved in Q2 2024, marked by a 44% increase in annual recurring revenue and an expansion of the subscription gross profit margin to 89%.
Key Takeaways
Digimarc Corporation reported an increase in total revenue to $10.4 million for Q2 2024, compared to $8.7 million for Q2 2023. The company's annual recurring revenue increased by 44%. Net loss decreased to $9.3 million, or ($0.43) per share, compared to $10.6 million, or ($0.53) per share, for the same quarter last year.
Annual recurring revenue increased 44% year-over-year to $23.9 million as of June 30, 2024.
Subscription revenue increased to $6.4 million, compared to $4.7 million in Q2 2023.
Gross profit margin increased to 66% compared to 56% for the second quarter of 2023.
Cash, cash equivalents, and marketable securities totaled $41.5 million as of June 30, 2024.
Revenue by Segment
Forward Guidance
Digimarc anticipates significant impacts in the second half of the year and beyond, driven by developments expected to unlock substantial total addressable markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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