Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 129

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 129
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, December 31, 2023   192  $29.01 
 Change in units based on performance expectations   30  $22.37 
 Granted   73  $36.77 
 Vested   (60) $22.37 
 Forfeited   (20) $34.17 
 Unvested balance, December 31, 2024   215  $32.08 

   The fair value of PRSU awards vested is as follows:

       Year Ended December 31,  
   2024    2023  
 Fair value of PRSU awards vested  $2,370  $54 

   (6) Earnings Per Share
    
   The Company calculates basic and diluted earnings per share in accordance with ASC 260 “Earnings Per Share,” using the treasury stock method. 
    
   Basic earnings per share excludes dilution and is calculated by dividing earnings by the weighted-average number of shares outstanding for the period. Diluted earnings per share is calculated by dividing earnings by the weighted-average number of shares, as adjusted for the potentially dilutive effect of unvested RSUs and PRSUs. The dilutive effect of unvested RSUs and PRSUs is determined using the treasury stock method. RSAs are included in shares outstanding on the date of grant.

        F-
       17

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   The following table reconciles earnings (loss) per share:

       Year Ended December 31,  
   2024    2023  
 Basic Earnings (Loss) per Share:         
 Net loss — basic  $(39,010) $(45,959)
 Weighted average shares outstanding — basic   21,261   20,322 
 Basic loss per share  $(1.83) $(2.26)
         
 Diluted Earnings (Loss) per Share:         
 Net loss — diluted  $(39,010) $(45,959)
 Weighted average shares outstanding — diluted   21,261   20,322 
 Diluted loss per share  $(1.83) $(2.26)

   The following table indicates the common stock equivalents related to unvested