Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 121

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 121
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 notes   —   998   —   998 
 Total  $1,515  $21,573  $—  $23,088 

   The fair value maturities of the Company’s cash equivalents and marketable securities as of  December 31, 2024 are as follows:

       Maturities by Period  
       Less than   1-5  5-10   More than  
   Total    1 year    years    years    10 years  
 Cash equivalents and marketable securities  $25,254  $25,254  $—  $—  $— 

   (3) Revenue Recognition
    
   The Company recognizes revenue in accordance with ASC 606 “Revenue Recognition” by applying the following steps:  
   Step 1: Identify the contract(s) with a customer.  
   Step 2: Identify the performance obligation(s) in the contract.  
   Step 3: Determine the transaction price.  
   Step 4: Allocate the transaction price to the performance obligation(s) in the contract.  
   Step 5: Recognize when (or as) the entity satisfies the performance obligation(s).
    
   The Company derives its revenue primarily from software subscriptions and software development services. Applicable revenue recognition criteria are considered separately for each performance obligation as follows:
    
    •Subscription revenue consists primarily of revenue earned from subscription fees for access to the Company’s SaaS platform and products and, to a lesser extent, licensing fees for software products. The majority of subscription contracts are recurring, paid in advance and recognized over the term of the subscription, which is typically one to three years.

    •Service revenue consists primarily of revenue earned from the performance of software development services and, to a lesser extent, professional services. The majority of software development contracts are structured as time and materials agreements. Revenue for services is generally recognized as the services are performed. Billing for services rendered generally occurs within one month after the services are provided.

        F-
       12

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   Customer arrangements  may contain multiple deliverables such as software platform subscriptions, software product subscriptions, and professional services. Subscriptions and services offered are usually distinct performance obligations. When