Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 108

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 108
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     Michael Park

      /s/ Sandeep Dadlani 
      
      Director 
      
      February 27, 2025 

      Sandeep Dadlani 

      /s/ Sheila Cheston 
      
      Director 
      
     February 27, 2025

      Sheila Cheston 

      33

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

      Page  

      Report of Independent Registered Public Accounting Firm 
      F-2 

      Consolidated Balance Sheets 
      F-4 

      Consolidated Statements of Operations and Comprehensive Loss 
      F-5 

      Consolidated Statements of Shareholders’ Equity 
      F-6 

      Consolidated Statements of Cash Flows 
      F-7 

      Notes to Consolidated Financial Statements 
      F-8 

      F-1

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors Digimarc Corporation:

 Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Digimarc Corporation and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations and comprehensive loss, shareholders’ equity, and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not