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Sep 30, 2023
Digimarc Q3 2023 Earnings Report
Reported a strong third quarter with increased annual recurring revenue and subscription gross profit margin.
Key Takeaways
Digimarc Corporation reported a 54% year-over-year increase in Annual Recurring Revenue (ARR) and a 1,000 basis point year-over-year increase in subscription gross profit margin for Q3 2023. Total revenue increased to $9.0 million, and the company experienced a net loss of $10.7 million, or $(0.53) per share.
Annual Recurring Revenue (ARR) increased by 54% year-over-year.
Subscription gross profit margin expanded to 85.5%.
Total revenue for the third quarter increased to $9.0 million compared to $7.8 million for the third quarter of 2022.
Net loss for the third quarter of 2023 was $10.7 million or $(0.53) per share compared to $14.9 million or $(0.76) per share for the third quarter of 2022.
Revenue by Segment
Forward Guidance
Digimarc will hold a conference call today (Monday, November 6, 2023) to discuss these financial results and to provide a business update. CEO Riley McCormack, CFO Charles Beck and CLO Joel Meyer will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).
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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