Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 124

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 124
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31,  
   2024    2023  
 Revenue:         
 Subscription  $22,418  $18,973 
 Service   16,000   15,878 
 Total revenue   38,418   34,851 
 Cost of revenue:         
 Subscription (1)   2,959   2,975 
 Service (1)   6,628   7,252 
 Amortization expense on acquired intangible assets   4,592   4,459 
 Total cost of revenue   14,179   14,686 
 Operating expenses         
 Cash compensation   38,997   40,471 
 Stock-based compensation   9,323   10,032 
 Professional services and consultants   7,757   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