Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 46

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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 expenses, Non-GAAP net loss, and Non-GAAP loss per share (diluted) excluding the adjustments in the table below. These non-GAAP financial measures are an important measure of our operating performance because they allow management, investors and analysts to evaluate and assess our core operating results from period-to-period after removing non-cash and non-recurring activities that can affect comparability.

We have included a reconciliation of our financial measures calculated in accordance with GAAP to the most comparable non-GAAP financial measures. We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP, helps investors make comparisons between us and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definitions being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules.

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The following table presents a reconciliation of Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP net loss, and Non-GAAP loss per share (diluted) for the three and nine months ended September 30, 2025 and 2024:

      Three Months Ended September 30, 

      Nine Months Ended September 30, 

      2025 

      2024 

      2025 

      2024 

      GAAP gross profit 
      
     $
     4,446

     $
     5,897

     $
     15,238

     $
     18,972

      Amortization of acquired intangible assets 

     1,209

     1,173

     3,546

     3,445

      Amortization and write-off of other intangible assets (1) 

     222

     213

     660

     634

      Stock-based compensation 

     336

     154

     726

     563

      Non-GAAP gross profit 
      
     $
     6,213

     $
     7,437

     $
     20,170

     $
     23,614

      Non-GAAP gross profit margin 

     81
     %

     79
     %

     81
     %

     79
     %

      GAAP operating expenses 
      
     $
     12,