Company: DMRC
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014773
Chunk: 22

Company: Digimarc CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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 million of higher commercial service revenue from HolyGrail 2.0 recycling projects. 

Revenue by geography

      Three Months Ended March 31, 

      Dollar 

      Percent 

      2025 

      2024 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Revenue by geography: 

      Domestic 
      
     $
     2,146

     $
     2,874

     $
     (728
     )

     (25
     )%

      International 

     7,222

     7,064

     158

     2
     %

      Total 
      
     $
     9,368

     $
     9,938

     $
     (570
     )

     (6
     )%

      Revenue (as % of total revenue): 

      Domestic 

     23
     %

     29
     %

      International 

     77
     %

     71
     %

      Total 

     100
     %

     100
     %

Domestic

The $0.7 million decrease in domestic revenue for the three month period ended March 31, 2025, compared to the corresponding three month period ended March 31, 2024, primarily reflects $0.7 million of lower subscription revenue, which in turn primarily reflects $1.1 million from the expiration of a commercial contract in June 2024 with a domestic customer, partially offset by higher subscription revenue from new and existing commercial contracts with other domestic customers.

       22

International

The $0.2 million increase in international revenue for the three month period ended March 31, 2025, compared to the corresponding three month period ended March 31, 2024, primarily reflects $0.4 million of higher commercial service revenue from HolyGrail 2.0 recycling projects and $0.3 million of higher commercial subscription revenue from international customers, partially offset by $0.7 million of lower government service revenue due to a smaller approved budget for program work in 2025 and the timing of program work.

Revenue by market

      Three Months Ended March 31, 

      Dollar 

      Percent 

      2025 

      2024 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Commercial: 

      Subscription 
      
     $
     5,014

     $