Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 46

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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 our credit exposure to any one financial institution or type of financial instrument by limiting the maximum of 5% of our cash and cash equivalents and marketable securities or $1.0 million, whichever is greater, to be invested in any one issuer except for the U.S. government, U.S. federal agencies and U.S.-backed securities, which have no limits, at the time of purchase. Our investment policy also limits our credit exposure by limiting to a maximum of 40% of our cash and cash equivalents and marketable securities, or $15.0 million, whichever is lesser, to be invested in any one industry category (e.g., financial, energy, etc.) at the time of purchase. As a result, we believe our credit risk associated with cash and investments to be minimal.

A decline in the market value of any security that is deemed to be other-than-temporary is charged to earnings. To determine whether an impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until a market price recovery and evidence indicating that the cost of the investment is recoverable outweighs evidence to the contrary. There have been no other-than-temporary impairments identified or recorded by us for the three and six months ended June 30, 2025 and 2024.

Cash flows from operating activities

The components of cash flows used in operating activities were:

      Six Months Ended June 30, 

      Dollar 

      Percent 

      2025 

      2024 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Net loss 
      
     $
     (19,950
     )
      
     $
     (19,608
     )
      
     $
     342

     2
     %

      Non-cash items 

     9,362

     9,037

     (325
     )

     (4
     )%

      Changes in operating assets and liabilities 

     414

     (4,681
     )

     (5,095
     )

     (109
     )%

      Net cash used in operating activities 
      
     $
     (10,174
     )
      
     $
     (15,252
     )
      
     $
     (5,078
     )

     (33
     )%

Cash flows used in operating activities for the six months ended June 30, 2025, decreased by $5.