Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 111

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 111
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   56   106 
 Total liabilities   14,407   18,625 
 Commitments and contingencies (Note 16)           
 Shareholders’ equity:         
 Preferred stock (par value $0.001 per share, 2,500 authorized, 10 shares issued and outstanding at December 31, 2024 and December 31, 2023)   50   50 
 Common stock (par value $0.001 per share, 50,000 authorized, 21,495 and 20,379 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively)   21   20 
 Additional paid-in capital   415,049   376,189 
 Accumulated deficit   (350,778)  (311,768)
 Accumulated other comprehensive loss   (2,983)  (2,564)
 Total shareholders’ equity   61,359   61,927 
 Total liabilities and shareholders’ equity  $75,766  $80,552 

See Notes to Consolidated Financial Statements

      F-4

DIGIMARC CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share data)

       Year Ended December 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

       Gross profit 

      24,239

      20,165

       Operating expenses: 

       Sales and marketing 

      21,167

      22,409

       Research, development and engineering 

      26,209

      26,577

       General and administrative 

      17,073

      18,071

       Amortization expense on acquired