Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 44

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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AAP net loss 
      
     $
     (2,269
     )
      
     $
     (4,937
     )
      
     $
     (10,899
     )
      
     $
     (10,407
     )

      Non-GAAP loss per share (diluted) 
      
     $
     (0.11
     )
      
     $
     (0.23
     )
      
     $
     (0.51
     )
      
     $
     (0.49
     )

      (1) 
     In the second quarter of fiscal 2025, management updated its definition of Non-GAAP gross profit to adjust for the amortization of patent maintenance costs. The related amortization expense for the three and six months ended June 30, 2025 and 2024 is now reflected in “amortization and write-off of other intangible assets” above to calculate Non-GAAP gross profit, Non-GAAP net loss and Non-GAAP loss per share (diluted).

Non-GAAP gross profit for the three months ended June 30, 2025, decreased by $2.0 million compared to the three months ended June 30, 2024. The decrease primarily reflects lower revenue, partially offset by lower cost of service revenue. 

Non-GAAP gross profit for the six months ended June 30, 2025, decreased by $2.2 million compared to the six months ended June 30, 2024. The decrease primarily reflects lower revenue, partially offset by lower cost of service revenue. 

Non-GAAP gross profit margin for the three months ended June 30, 2025, decreased to 80% compared to 81% for the three months ended June 30, 2024. The decrease primarily reflects lower subscription revenue.

Non-GAAP gross profit margin for the six months ended June 30, 2025, remained flat compared to the six months ended June 30, 2024. The impact of lower subscription revenue was offset by a more favorable mix of service revenue.

Non-GAAP operating expenses for the three months ended June 30, 2025, decreased $5.2 million compared to the three months ended June 30, 2024. The decrease primarily reflects $4.9 million of lower cash compensation costs