Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 79

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 79
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 predetermined billing rates, which are adjusted annually to account for cost of living variables, and provides for the reimbursement of third party costs incurred to support the work plans.

The $0.1 million increase in service revenue for the twelve months ended December 31, 2024, compared to the corresponding twelve months ended December 31, 2023, was primarily due to $0.6 million of higher service revenue from HolyGrail 2.0 recycling projects, partially offset by $0.4 million of lower other commercial service revenue and $0.2 million of lower government service revenue. 

Revenue by geography

      Year Ended December 31, 

      Dollar 

      Percent 

      2024 

      2023 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Revenue by geography: 

      Domestic 
      
     $
     10,195

     $
     11,380

     $
     (1,185
     )

     (10
     )%

      International 

     28,223

     23,471

     4,752

     20
     %

      Total 
      
     $
     38,418

     $
     34,851

     $
     3,567

     10
     %

      Revenue (as % of total revenue): 

      Domestic 

     27
     %

     33
     %

      International 

     73
     %

     67
     %

      Total 

     100
     %

     100
     %

Domestic. The $1.2 million decrease in domestic revenue for the twelve months ended December 31, 2024, compared to the corresponding twelve months ended December 31, 2023, was primarily due to $1.2 million of lower subscription revenue, which includes the impact of 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 domestic customers.

International. The $4.8 million increase in international revenue for the twelve months ended December 31, 2024, compared to the corresponding twelve months ended December 31, 2023, was primarily due to $4.6 million of higher subscription revenue from new and existing commercial contracts with international customers. 

      18

Revenue by market

      Year Ended December 31, 

      Dollar