Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 47

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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     $
     (13,085
     )
      
     $
     (16,524
     )

      Non-GAAP loss per share (diluted) 
      
     $
     (0.10
     )
      
     $
     (0.28
     )
      
     $
     (0.61
     )
      
     $
     (0.78
     )

      (1) 
     In the second quarter of fiscal 2025, management updated its definition of Non-GAAP gross profit to adjust for the amortization of patent maintenance costs. The related amortization expense for the three and nine months ended September 30, 2025 and 2024 is now reflected in “amortization and write-off of other intangible assets” above to calculate Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP net loss and Non-GAAP loss per share (diluted).

Non-GAAP gross profit for the three months ended September 30, 2025, decreased by $1.2 million compared to the three months ended September 30, 2024. The decrease primarily reflects lower revenue, partially offset by lower cost of service revenue. 

Non-GAAP gross profit for the nine months ended September 30, 2025, decreased by $3.4 million compared to the nine months ended September 30, 2024. The decrease primarily reflects lower revenue, partially offset by lower cost of service revenue. 

Non-GAAP gross profit margin for the three months ended September 30, 2025, increased to 81% compared to 79% for the three months ended September 30, 2024. The increase primarily reflects a more favorable mix of service revenue when excluding non-cash costs and lower cost of subscription revenue, partially offset by lower subscription revenue.

Non-GAAP gross profit margin for the nine months ended September 30, 2025, increased to 81% compared to 79% for the nine months ended September 30, 2024. The increase primarily reflects a more favorable mix of service revenue when excluding non-cash costs and lower cost of subscription revenue, partially offset by lower subscription revenue.

Non-GAAP operating expenses for the three months ended September 30, 2025, decreased $5.5 million compared to the three months ended