Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 88

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 88
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 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.

      23

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 years ended December 31, 2024 and 2023:

      Year Ended December 31, 

      2024 

      2023 

      GAAP gross profit 
      
     $
     24,239

     $
     20,165

      Amortization of acquired intangible assets 

     4,592

     4,459

      Amortization and write-off of other intangible assets 

     544

     573

      Stock-based compensation 

     706

     1,126

      Non-GAAP gross profit 
      
     $
     30,081

     $
     26,323

      Non-GAAP gross profit margin 

     78
     %

     76
     %

      GAAP operating expenses 
      
     $
     65,546

     $
     68,372

      Depreciation and write-off of property and equipment 

     (728
     )

     (1,121
     )

      Amortization of acquired intangible assets 

     (1,097
     )

     (1,065
     )

      Amortization and write-off of other intangible assets 

     (276
     )

     (393
     )

      Amortization of lease right of use assets under operating leases 

     (358
     )

     (517
     )

      Stock-based compensation 

     (9,323
     )

     (10,032
     )

      Impairment of lease right of use assets and leasehold improvements 

     —

     (250
     )

      Non-GAAP operating expenses 
      
     $
     53,764

     $
     54,994

      GAAP net loss 
      
     $
     (39,010
     )
      
     $
     (45,959