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

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 25
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 obligation is fulfilled, which for subscriptions is typically recognized ratably over time and for services is typically recognized when they are performed.  
   All revenue recognized in the Consolidated Statements of Operations is considered to be revenue from contracts with customers.
    
   The following table provides information about disaggregated revenue by major target market in the Company’s single reporting segment:

       Year Ended December 31,  
   2024    2023  
 Commercial:         
 Subscription  $21,218  $17,773 
 Service   1,308   1,042 
 Total Commercial  $22,526  $18,815 
 Government:         
 Subscription  $1,200  $1,200 
 Service   14,692   14,836 
 Total Government   15,892   16,036 
 Total  $38,418  $34,851 

   The Company has contract assets from contracts with customers that are classified as “trade accounts receivable” in the Consolidated Balance Sheets. See Note 7 for more information about trade accounts receivable.
    
   The Company has contract assets from capitalized contract acquisition costs that are classified as “other current assets” and “other assets” in the Consolidated Balance Sheet. These contract acquisition costs are recognized in proportion to the revenue recognized from the contract they are associated with.
    
   The following table provides information about contract assets:

       December 31,    December 31,  
   2024    2023  
 Contract acquisition costs, current  $38  $113 
 Contract acquisition costs, long-term   —   9 
 Total  $38  $122 

   The Company has contract liabilities from contracts with customers that are classified as “deferred revenue” in the Consolidated Balance Sheets. Deferred revenue consists of billings in advance for subscriptions and services for which the performance obligation has not been satisfied.
    
   The following table provides information about contract liabilities:

       December 31,    December 31,  
   2024    2023  
 Deferred revenue, current  $4,020  $5,853 
 Deferred revenue, long-term   2   7 
 Total  $4,022  $5,860 

   The Company recognized $5,725 of revenue during