Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 49

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 49
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     Some factors that lead to increased backlog include:

      • 
      contracts with new customers; 

      • 
      renewals with current customers; 

      • 
      add-on orders with customers; and 

      • 
      contracts with longer contractual periods replacing contracts with shorter contractual periods. 

Some factors that lead to decreased backlog include:

      • 
      recognition of revenue associated with existing backlog; 

      • 
      contracts with shorter contractual periods replacing contracts with longer contractual periods; 

      • 
      modifications to existing contracts; 

      • 
      contract minimum payments ending; and 

      • 
      expiration of contracts with existing customers. 

The mix of these factors, among others, dictates whether our backlog increases or decreases for any given period. Our backlog may not result in actual revenue in any particular period, because the orders, awards and contracts included in our backlog may be subject to modification, cancellation or suspension. We may not realize revenue on certain contracts, orders or awards included in our backlog, or the timing of any realization may change.

     Human Capital Resources and Management

     Employees and Labor Relations

     At
     December 31, 2024, we
     had 215 full-time employees, including 109 in research, development and engineering; 70 in sales, marketing, product, operations and customer support; and 36 in finance, administration, information technology, intellectual property and legal.

     Our employees are not covered by any collective bargaining agreement, and we have never experienced a work stoppage. We believe that our relations with our employees are good. Voluntary employee turnover was
     5% for the year ended
     December 31, 2024.

     Values

Culture is critically important to Digimarc’s success. We incorporate our core values in daily interactions with colleagues, customers, vendors and other stakeholders. Our core values are embodied in the words Collaborative, Curious and Courageous.

      Digimarc Values 

      Collaborative 
      Curious 
      Courageous 

      We: 
      Ask for help Prioritize mentoring Build trust and transparency 
      Support innovative thinking Continuously seek clarity Listen to our stakeholders 
      Challenge our own biases Cultivate collective experiences Seek out and support ideas 

      We Do Not: 
      Avoid difficult conversations 
      Lose sight of our purpose 
      Assume we have all the answers 

Digimarc follows a Purposeful Work approach which enables teams to determine the right balance of working between home and office