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Sep 30, 2024
Digimarc Q3 2024 Earnings Report
Reported financial results for the third quarter of 2024.
Key Takeaways
Digimarc Corporation reported an increase in total revenue to $9.4 million, compared to $9.0 million for the third quarter of 2023. Subscription revenue increased, while service revenue remained flat. The net loss was $10.8 million, or ($0.50) per share.
Annual recurring revenue decreased to $18.7 million compared to $19.6 million year-over-year.
Subscription revenue increased to $5.3 million compared to $4.8 million year-over-year.
Service revenue remained flat compared to the third quarter of 2023.
Gross profit margin increased to 62% compared to 58% year-over-year.
Digimarc
Digimarc
Digimarc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Q3 was the most significant quarter CEO Riley McCormack has witnessed since joining the company, with significant progress and new opportunities. Q3 revenue doesn’t reflect the reality just described, with a large gap between what lies ahead and what lies behind.
Revenue & Expenses
Visualization of income flow from segment revenue to net income