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

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 27
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7,303 
 Software and hardware   3,538   3,581 
 Depreciation and amortization   2,104   2,582 
 Impairment of lease right of use assets and leasehold improvements   —   250 
 Other segment items (2)   3,827   4,153 
 Total operating expenses   65,546   68,372 
 Operating loss   (41,307)  (48,207)
 Other income, net   2,341   2,452 
 Provision for income taxes   (44)  (204)
 Net loss  $(39,010) $(45,959)

   (1) Cost of revenue for Subscription and Service excludes amortization expense on acquired intangible assets. 

    (2)  Other segment items include training and travel expenses, recruiting expenses, rent and facility expenses, bad debt expenses and other miscellaneous costs. 

   Geographic Information
    
   The Company markets its products in the U.S. and in non-U.S. countries through its sales personnel and partners. Revenue by geographic area, based upon the “bill-to” location, was as follows:

       Year Ended December 31,  
   2024    2023  
 Domestic  $10,195  $11,380 
 International (1)   28,223   23,471 
 Total  $38,418  $34,851 

    (1)  Revenue from the Central Banks is classified as international revenue. Reporting revenue by country for this customer is not practicable. 

   Major Customers
    
   The following customers accounted for 10% or more of revenue:

       Year Ended December 31,  
   2024    2023  
 Customer A   41%  46%
 Customer B   15%  * 
 Customer C   14%  21%

        F-
       14

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   Long-lived tangible assets by geographical area
    
   Long-lived tangible assets by geographic area were as follows:

       December 31,    December 31,  
   2024    2023  
 United States  $1,026  $1