Digimarc Corp (DMRC) Q3 2024 Earnings Call Highlights: Transformational Deals and Revenue ... [Yahoo! Finance]
Digimarc Corporation (DMRC)
Last digimarc corporation earnings: 10/30 04:05 pm
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US:NASDAQ Investor Relations:
digimarc.com/about/investors
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Source: Yahoo! Finance
Digimarc Corp ( NASDAQ:DMRC ) made significant progress in invention and market development, opening new areas of opportunity. The company is involved in a transformational commercial deal that could revolutionize a massive industry. Subscription revenue grew by 9% year-over-year, reflecting new customer contracts and upsells. Service gross profit margin improved from 54% to 61% year-over-year due to a favorable change in labor mix. The company expects gift cards to be a significant contributor to their 2025 revenue. Q3 revenue was impacted by the delayed renewal of a significant commercial contract, resulting in no revenue being recognized from it. ARR decreased by $900,000 due to the delayed contract, which was excluded from the ending ARR. Operating expenses increased by 5% year-over-year, partly due to one-time severance costs and lower labor cost allocations. Free cash flow usage was $7.3 million for the quarter, significantly higher than the previous year due to
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DMRC
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- DMRC's page on the SEC website