Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 123

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 123
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 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 the year ended  December 31, 2024 that was included in the contract liability balance as of  December 31, 2023.
    
   The aggregate amount of the transaction prices from contractual obligations that are unsatisfied or partially unsatisfied was $25,215 and $31,798, as of  December 31, 2024 and 2023, respectively. As of  December 31, 2024, the Company expects $20,171 of the $25,215 to be recognized as revenue during 2025.

        F-

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   (4) Segment Information
    
   Significant Segment Expenses
    
   The Company derives its revenue from a single reporting segment: product digitization solutions. Revenue is generated in this segment primarily through software subscriptions and software development services. The Company manages its business activities on a consolidated basis. In addition, the Chief Executive Officer of the Company, as the chief operating decision-maker (“CODM”), reviews the Company’s operating results and makes decisions to allocate resources based on consolidated financial information. As such, the Company has one single reportable segment. The CODM uses consolidated net income (loss) as a performance measure and total consolidated assets as an asset measure, to assess performance of the company, to allocate working capital, and to monitor budget versus actual results. 
    
   The following table illustrates reported segment revenue, segment profit and loss, and significant segment expenses.

       Year Ended December