Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 76

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 76
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 the variable consideration is constrained and if it is, we will not include it in the transaction price. The consideration is allocated between distinct performance obligations based on their stand-alone selling prices. When the standalone selling prices are not directly observable, we make estimates based on reasonably available information, including market conditions, specific factors affecting us, and information about the customer. We recognize the revenue associated with each performance obligation as we fulfil the obligation, which for subscriptions is typically recognized ratably over time and for services is typically recognized when they are performed.﻿

All revenue recognized in the Consolidated Statements of Operations is considered to be revenue from contracts with customers.

      16

Results of Operations—the Years Ended December 31, 2024 and December 31, 2023

The following tables present our consolidated statements of operations data for the periods indicated.

     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 intangible assets 

     1,097

     1,065

      Impairment of lease right of use assets and leasehold improvements 

     —

     250

      Total operating expenses 

     65,546

     68,372

      Operating loss 

     (41,307
     )

     (48,207
     )

      Other income, net 

     2,341

     2,452

      Loss before income taxes 

     (38,966