[US Market News]

Paul Carreiro Assumes Role as Chief Executive Officer and President of Digimarc

July 6, 2026 5:00 PM
Business Wire

Digimarc Corporation (NASDAQ: DMRC), a pioneer in digital identity and authentication solutions announced that effective today, July 6, 2026, Paul Carreiro has assumed the role of Chief Executive Officer and President following the Company's previously announced leadership transition. As Chief Executive Officer and President, Carreiro will lead Digimarc's strategy and operations as the Company advances its mission to build the trust layer for the modern world.

"I'm excited to officially join Digimarc. The opportunity to help customers establish trust across the physical and digital worlds has never been more important. I look forward to working with our employees, customers, and partners to accelerate execution and create long-term value," said Carreiro.

In connection with the commencement of his employment, Digimarc also announced an inducement equity award approved by the Compensation and Talent Management Committee of the Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4).

Inducement Grant

The Compensation and Talent Management Committee of the Company’s Board of Directors has approved, as a material inducement to Mr. Carreiro entering into employment with the company, an LTIP Unit award in DMRC LLC, the Company’s subsidiary, that is intended to qualify as an “inducement grant” in accordance with Nasdaq Listing Rule 5635(c)(4). The LTIP Unit Award is comprised of (i) 307,400 Time-Vesting LTIP Units that will vest in fifteen equal quarterly installments of 19,213 Time-Vesting LTIP Units on each consecutive calendar quarter-end beginning on September 30, 2026, and one final quarterly installment of 19,205 Time-Vesting LTIP Units on June 30, 2030, in each case subject to Mr. Carreiro’s continued employment with the Company through each applicable vesting date, and (ii) 752,600 Performance-Vesting LTIP Units that will vest based on the achievement of certain Stock Price (as defined in the Inducement LTIP Unit Award Agreement) thresholds during the applicable performance period, in each case subject to Mr. Carreiro’s continued employment with the Company through the achievement of such Company common stock price threshold and through the end of the applicable performance period, as follows: (a) 33-1/3% of the Performance-Vesting LTIP Units will vest on the second anniversary of July 6, 2026 (the “Effective Date”) provided the Stock Price equals or exceeds $14.37 during the period from the Effective Date through July 5, 2028, (b) 33-1/3% of the Performance-Vesting LTIP Units will vest on the third anniversary of the Effective Date provided the Stock Price equals or exceeds $21.92 during the period from the Effective Date through July 5, 2029, and (c) 33-1/3% of the Performance-Vesting LTIP Units will vest on the fourth anniversary of the Effective Date provided the Stock Price equals or exceeds $38.33 during the period from the Effective Date through July 5, 2030. A copy of the Inducement LTIP Unit Award Agreement with Mr. Carreiro is filed as an exhibit to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission today.

About Digimarc

Digimarc (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what’s real, protect what matters, and transact with confidence. Digimarc’s solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today’s AI-enabled threats. Trusted by the world’s central banks to deter the counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260706503606/en/

Digimarc company contact:
Charles Beck
Chief Financial Officer
Charles.Beck @joe-4721

Original: Paul Carreiro Assumes Role as Chief Executive Officer and President of Digimarc

[US Market News]

Digimarc Reports First Quarter 2026 Financial Results

May 12, 2026 4:05 PM
Business Wire

Digimarc Corporation (NASDAQ: DMRC) reported financial results for the first quarter ended March 31, 2026.

“Digimarc is capitalizing on the convergence of key trends driving increased demand for our solutions, positioning ourselves to benefit from the relentless advance of AI," said Riley McCormack, Digimarc CEO. "In Q1 2026, we made significant progress against our strategy of building the trust layer for the modern world while delivering a 9% sequential increase in ending ARR⁽¹⁾ and expanding our subscription gross profit margin⁽²⁾ 400 basis points year-over year."

First Quarter 2026 Financial Results

Subscription revenue for the first quarter of 2026 was $4.4 million compared to $5.3 million for the first quarter of 2025. The decrease reflects $1.5 million lower subscription revenue from the expiration of two commercial contracts in 2025, partially offset by an increase from new and existing commercial contracts.

Service revenue for the first quarter of 2026 was $3.2 million compared to $4.1 million for the first quarter of 2025. The decrease primarily reflects $0.5 million of lower commercial service revenue from HolyGrail 2.0 recycling projects, as that work was previously completed.

Total revenue for the first quarter of 2026 was $7.6 million compared to $9.4 million for the first quarter of 2025.

ARR⁽¹⁾ as of March 31, 2026 was $15.0 million compared to $20.0 million as of March 31, 2025. The decrease primarily reflects the expiration of two commercial contracts, one in April 2025 that accounted for a total of $3.7 million of ARR and the other in October 2025 that accounted for $3.1 million of ARR, partially offset by $1.8 million of net increases to ARR from new and existing commercial contracts.

Gross profit margin for the first quarter of 2026 was 60% compared to 65% for the first quarter of 2025. Subscription gross profit margin⁽²⁾ increased to 90% from 86% and service gross profit margin⁽²⁾ decreased to 57% from 65% for the first quarter of 2026 compared to the first quarter of 2025.

Non-GAAP gross profit margin for the first quarter of 2026 was 83% compared to 81% for the first quarter of 2025.

Operating expenses for the first quarter of 2026 were $11.7 million compared to $18.2 million for the first quarter of 2025. The decrease primarily reflects $4.2 million of lower cash compensation costs largely due to lower headcount and $3.2 million of lower cash severance costs resulting from the reduction in force in the first quarter of 2025, partially offset by $1.0 million of legal costs associated with the corporate reorganization.

Non-GAAP operating expenses for the first quarter of 2026 were $8.1 million compared to $16.5 million for the first quarter of 2025.

Net loss for the first quarter of 2026 was $7.0 million or ($0.32) per diluted share compared to $11.7 million or ($0.55) per diluted share for the first quarter of 2025.

Non-GAAP net loss for the first quarter of 2026 was $1.6 million or ($0.07) per diluted share compared to $8.5 million or ($0.40) per diluted share for the first quarter of 2025.

At March 31, 2026, cash, cash equivalents and marketable securities totaled $10.0 million compared to $12.9 million at December 31, 2025. Free cash flow usage for the first quarter of 2026 was $2.0 million compared to $5.6 million for the first quarter of 2025.

________
(1)		Annual Recurring Revenue (ARR) is a company performance metric calculated as the aggregation of annualized subscription fees from all of our commercial contracts as of the measurement date.
(2)		Cost of revenue, Gross profit and Gross profit margin for Subscription and Service excludes amortization expense on acquired intangible assets.

Conference Call

Digimarc will hold a conference call today (Tuesday, May 12, 2026) to discuss these financial results and to provide a business update. CEO Riley McCormack and CFO Charles Beck will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A question and answer session will follow management’s prepared remarks.

The conference call and investor presentation will be broadcast live and available for replay here and in the investor section of the company’s website. The conference call script and investor presentation will also be posted to the company’s website shortly before the call.

For those who wish to call in via telephone to ask a question, please dial the number below at least five minutes before the scheduled start time. We encourage you to also login to the live broadcast so you can follow along with the investor presentation.

Toll Free number: 877-407-0832

International number: 201-689-8433

Conference ID number: 13754826

About Digimarc

Digimarc Corporation (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what's real, protect what matters, and transact with confidence. Digimarc's solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today's AI-enabled threats. Trusted by the world's central banks to deter the counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.

Forward-Looking Statements

Except for historical information contained in this release, the matters described in this release contain various “forward-looking statements.” These forward-looking statements include statements identified by terminology such as “will,” “should,” "may," “expects,” “estimates,” “predicts” and “continue” or other derivations of these or other comparable terms. These forward-looking statements are statements of management’s opinion and are subject to various assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements in this release as a result of changes in economic, business and regulatory factors. More detailed information about risk factors that may affect actual results are outlined in the company’s Form 10-K for the year ended December 31, 2025, and in subsequent periodic reports filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date of this release. Except as required by law, Digimarc undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

Non-GAAP Financial Measures

This release contains the following non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP net loss, Non-GAAP net loss per diluted share, and free cash flow. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. These non-GAAP financial measures are an important measure of our operating performance because they allow management, investors and analysts to evaluate and assess our core operating results from period-to-period after removing non-cash and non-recurring activities that affect comparability. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparisons.

Digimarc believes that providing these non-GAAP financial measures, together with the reconciliation to GAAP, helps management and investors make comparisons between us and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules. These non-GAAP financial measures are not measurements of financial performance or liquidity under GAAP. In order to facilitate a clear understanding of its consolidated historical operating results, investors should examine Digimarc’s non-GAAP financial measures in conjunction with its historical GAAP financial information, and investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to, GAAP financial measures. Non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive of potential future results.

Digimarc Corporation Consolidated Statements of Operations (in thousands, except per share amounts) (Unaudited)
		Three Months Ended
		March 31,
		2026				2025
Revenue:
Subscription		$	4,369			$	5,314
Service			3,210				4,054
Total revenue			7,579				9,368
Cost of revenue:
Subscription (2)			456				744
Service (2)			1,378				1,407
Amortization expense on acquired intangible assets			1,208				1,132
Total cost of revenue			3,042				3,283
Gross profit:
Subscription (2)			3,913				4,570
Service (2)			1,832				2,647
Amortization expense on acquired intangible assets			(1,208	)			(1,132	)
Total gross profit			4,537				6,085
Gross profit margin:
Subscription (2)			90	%			86	%
Service (2)			57	%			65	%
Total			60	%			65	%
Operating expenses:
Sales and marketing			2,082				5,078
Research, development and engineering			3,747				7,634
General and administrative			5,555				5,181
Amortization expense on acquired intangible assets			289				271
Total operating expenses			11,673				18,164
Operating loss			(7,136	)			(12,079	)
Other income, net			171				369
Loss before income taxes			(6,965	)			(11,710	)
Provision for income taxes			(1	)			(20	)
Net loss		$	(6,966	)		$	(11,730	)
Net loss per share:
Net loss per share — basic		$	(0.32	)		$	(0.55	)
Net loss per share — diluted		$	(0.32	)		$	(0.55	)
Weighted average shares outstanding — basic			22,008				21,521
Weighted average shares outstanding — diluted			22,008				21,521

Digimarc Corporation Reconciliation of GAAP to Non-GAAP Financial Measures (in thousands, except per share amounts) (Unaudited)
		Three Months Ended
		March 31,
		2026				2025
GAAP gross profit		$	4,537			$	6,085
Amortization of acquired intangible assets			1,208				1,132
Amortization and write-off of other intangible assets (3)			207				220
Stock-based compensation			347				137
Non-GAAP gross profit		$	6,299			$	7,574
Non-GAAP gross profit margin			83	%			81	%
GAAP operating expenses		$	11,673			$	18,164
Depreciation and write-off of property and equipment			(154	)			(146	)
Amortization of acquired intangible assets			(289	)			(271	)
Amortization and write-off of other intangible assets			(121	)			(59	)
Amortization of lease right of use assets under operating leases			(117	)			(98	)
Stock-based compensation			(1,662	)			(1,123	)
Corporate reorganization expenses			(1,223	)			—
Non-GAAP operating expenses		$	8,107			$	16,467
GAAP net loss		$	(6,966	)		$	(11,730	)
Total adjustments to gross profit			1,762				1,489
Total adjustments to operating expenses			3,566				1,697
Non-GAAP net loss		$	(1,638	)		$	(8,544	)
GAAP net loss per diluted share		$	(0.32	)		$	(0.55	)
Non-GAAP net loss		$	(1,638	)		$	(8,544	)
Non-GAAP net loss per diluted share		$	(0.07	)		$	(0.40	)
Free cash flow
Cash flows from operating activities		$	(1,847	)		$	(5,486	)
Purchase of property and equipment			(44	)			(55	)
Capitalized patent costs			(77	)			(88	)
Free cash flow		$	(1,968	)		$	(5,629	)

________
(3)		In the second quarter of fiscal 2025, management updated its definition of Non-GAAP gross profit to adjust for the amortization of patent maintenance costs. The related amortization expense for the three months ended March 31, 2026 and 2025 is now reflected in “amortization and write-off of other intangible assets” above to calculate Non-GAAP gross profit, Non-GAAP net loss and Non-GAAP net loss per diluted share.

Digimarc Corporation Consolidated Balance Sheet Information (in thousands) (Unaudited)
		March 31,				December 31,
		2026				2025
ASSETS
Current assets:
Cash and cash equivalents		$	8,818			$	9,820
Marketable securities			1,145				3,046
Trade accounts receivable, net			7,092				6,513
Other current assets			1,988				1,961
Total current assets			19,043				21,340
Property and equipment, net			989				1,104
Intangibles, net			15,244				17,045
Goodwill			8,923				9,056
Lease right of use assets			3,121				3,238
Other assets			1,190				1,175
Total assets		$	48,510			$	52,958
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and other accrued liabilities		$	6,004			$	4,359
Deferred revenue			4,227				3,993
Total current liabilities			10,231				8,352
Long-term lease liabilities			4,073				4,314
Other long-term liabilities			140				63
Total liabilities			14,444				12,729
Shareholders’ equity:
Preferred stock			50				50
Common stock			22				22
Additional paid-in capital			425,789				424,665
Accumulated deficit			(390,053	)			(383,087	)
Accumulated other comprehensive loss			(1,742	)			(1,421	)
Total shareholders’ equity			34,066				40,229
Total liabilities and shareholders’ equity		$	48,510			$	52,958

Digimarc Corporation Consolidated Cash Flow Information (in thousands) (Unaudited)
		Three Months Ended
		March 31,
		2026				2025
Cash flows from operating activities:
Net loss		$	(6,966	)		$	(11,730	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and write-off of property and equipment			154				146
Amortization of acquired intangible assets			1,497				1,403
Amortization and write-off of other intangible assets			328				193
Amortization of lease right of use assets under operating leases			117				98
Stock-based compensation			2,009				1,260
Increase (decrease) in allowance for doubtful accounts			21				—
Changes in operating assets and liabilities:
Trade accounts receivable			(566	)			(149	)
Other current assets			(44	)			1,331
Other assets			(44	)			(105	)
Accounts payable and other accrued liabilities			1,624				1,549
Deferred revenue			231				689
Lease liability and other long-term liabilities			(208	)			(171	)
Net cash provided by (used in) operating activities			(1,847	)			(5,486	)
Cash flows from investing activities:
Purchase of property and equipment			(44	)			(55	)
Capitalized patent costs			(77	)			(88	)
Proceeds from maturities of marketable securities			2,128				6,564
Purchases of marketable securities			(227	)			(2,864	)
Net cash provided by (used in) investing activities			1,780				3,557
Cash flows from financing activities:
Purchase of common stock			(885	)			(1,545	)
Repayment of loans			(3	)			(15	)
Net cash provided by (used in) financing activities			(888	)			(1,560	)
Effect of exchange rate on cash			(47	)			26
Net increase (decrease) in cash and cash equivalents		$	(1,002	)		$	(3,463	)
Cash, cash equivalents and marketable securities at beginning of period		$	12,866			$	28,730
Cash, cash equivalents and marketable securities at end of period			9,963				21,567
Net increase (decrease) in cash, cash equivalents and marketable securities		$	(2,903	)		$	(7,163	)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512814692/en/

Company Contact:
Charles Beck
Chief Financial Officer
See More

[US Market News]

Digimarc Sets Q4 2025 Earnings Q&A Supplemental Call for March 16, 2026

March 11, 2026 11:44 PM
Business Wire

Digimarc Corporation (NASDAQ: DMRC), a leading provider in digital identity and authentication solutions, will hold a Q&A session with investors on March 16, 2026 at 5 p.m. Eastern time (2 p.m. Pacific time) as a supplement to the Fourth Quarter 2025 conference call held on Wednesday, March 11, 2026.

Digimarc CEO Riley McCormack and CFO Charles Beck will host a question-and-answer forum.

For those who wish to ask a question, please also dial the number below at least five minutes before the scheduled start time.

Date: Monday, March 16, 2026

Time: 5 p.m. Eastern time (2 p.m. Pacific time)

Toll-Free Number: 877-407-0832 | International Number: 201-689-8433

Conference ID: 13759334

Webcast Link: https://edge.media-server.com/mmc/p/gsutcjfc

About Digimarc

Digimarc (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what’s real, protect what matters, and transact with confidence. Digimarc’s solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today’s AI-enabled threats. Trusted by the world’s central banks to deter the counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311333791/en/

Digimarc company contact:

Charles Beck

Chief Financial Officer

[e-mail]

[phone]

Original: Digimarc Sets Q4 2025 Earnings Q&A Supplemental Call for March 16, 2026

[US Market News]

Digimarc Reports Fourth Quarter and Fiscal Year 2025 Financial Results

March 11, 2026 4:05 PM
Business Wire

Company achieves non-GAAP net income and positive free cash flow in Q4

Digimarc Corporation (NASDAQ: DMRC) reported financial results for the fourth quarter and fiscal year ended December 31, 2025.

“Digimarc is capitalizing on the convergence of key trends driving increased demand for our solutions, positioning ourselves to benefit from - not be the casualty of - the relentless advance of AI," said Riley McCormack, Digimarc CEO. "In Q4 2025, we achieved both positive non-GAAP net income and positive free cash flow. Looking ahead to 2026, we expect to generate significant ARR growth."

Fourth Quarter 2025 Financial Results

Subscription revenue for the fourth quarter of 2025 was $5.3 million compared to $5.0 million for the fourth quarter of 2024. The increase reflects $1.4 million of patent license fees earned during the quarter and higher subscription revenue from new and existing commercial contracts, partially offset by a $1.4 million decrease relating to the expiration of two previously disclosed commercial contracts in 2025.

Service revenue for the fourth quarter of 2025 was $3.6 million compared to $3.6 million for the fourth quarter of 2024.

Total revenue for the fourth quarter of 2025 was $8.9 million compared to $8.7 million for the fourth quarter of 2024.

Annual recurring revenue (ARR¹) as of December 31, 2025, was $13.7 million compared to $20.0 million as of December 31, 2024. The decrease reflects the expiration of two previously disclosed commercial contracts, a $3.5 million contract in April 2025 and a $3.1 million contract in October 2025, partially offset by a net increase in ARR from new and existing commercial contracts.

Gross profit margin for the fourth quarter of 2025 was 64% compared to 61% for the fourth quarter of 2024. Excluding amortization expense on acquired intangible assets, subscription gross profit margin for the fourth quarter of 2025 increased to 90% from 85% for the fourth quarter of 2024, while service gross profit margin for the fourth quarter of 2025 decreased to 57% from 59% for the fourth quarter of 2024.

Non-GAAP gross profit margin for the fourth quarter of 2025 was 84% compared to 78% for the fourth quarter of 2024.

Operating expenses for the fourth quarter of 2025 were $10.0 million compared to $14.4 million for the fourth quarter of 2024. The decrease reflects lower cash compensation costs of $4.4 million, largely due to lower headcount, and lower professional services costs of $0.6 million, partially offset by higher stock compensation costs of $0.7 million.

Non-GAAP operating expenses for the fourth quarter of 2025 were $6.5 million compared to $11.9 million for the fourth quarter of 2024.

Net loss for the fourth quarter of 2025 was $4.2 million or ($0.19) per diluted share compared to $8.6 million or ($0.40) per diluted share for the fourth quarter of 2024.

Non-GAAP net income for the fourth quarter of 2025 was $1.0 million or $0.05 per diluted share compared to a non-GAAP net loss of $4.6 million or ($0.22) per diluted share for the fourth quarter of 2024.

At December 31, 2025, cash, cash equivalents, and marketable securities totaled $12.9 million compared to $28.7 million at December 31, 2024. Free cash flow for the fourth quarter of 2025 was positive $0.7 million compared to negative $4.4 million for the fourth quarter of 2024.

Fiscal Year 2025 Financial Results

Subscription revenue for fiscal year 2025 was $19.8 million compared to $22.4 million for fiscal year 2024. The decrease reflects a $4.8 million decrease from the expiration of three previously disclosed commercial contracts, partially offset by higher subscription revenue from new and existing commercial contracts.

Service revenue for fiscal year 2025 was $14.1 million compared to $16.0 million for fiscal year 2024. The decrease reflects a $1.8 million lower budget from the Central Banks for program work in 2025 compared to 2024.

Total revenue for fiscal year 2025 was $33.9 million compared to $38.4 million for fiscal year 2024.

Gross profit margin for fiscal year 2025 was 62% compared to 63% for fiscal year 2024. Excluding amortization expense on acquired intangible assets, subscription gross profit margin and service gross profit margin were largely unchanged from fiscal year 2024 to fiscal year 2025.

Non-GAAP gross profit margin for the fiscal year 2025 was 81% compared to 79% for fiscal year 2024.

Operating expenses for fiscal year 2025 were $54.1 million compared to $65.5 million for fiscal year 2024. The decrease reflects lower cash compensation costs of $12.6 million, software and hardware costs of $0.9 million, and marketing spend of $0.8 million, partially offset by increased stock compensation costs of $1.5 million and legal expenses of $1.0 million. Fiscal year 2025 operating expenses included $3.2 million of cash severance costs related to the corporate reorganization in February 2025.

Non-GAAP operating expenses for fiscal year 2025 were $40.5 million compared to $53.8 million for fiscal year 2024.

Net loss for fiscal year 2025 was $32.3 million or ($1.49) per diluted share compared to $39.0 million or ($1.83) per diluted share for fiscal year 2024.

Non-GAAP net loss for fiscal year 2025 was $12.1 million or ($0.56) per diluted share compared to $21.1 million or ($0.99) per diluted share for fiscal year 2024.

____________________
(1)		Annual Recurring Revenue (ARR) is a company performance metric calculated as the aggregation of annualized subscription fees from all of our commercial contracts as of the measurement date.

Conference Call

Digimarc will hold a conference call and investor presentation today (Wednesday, March 11, 2026) to discuss these financial results and to provide a business update. CEO Riley McCormack and CFO Charles Beck will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A question and answer session will follow management’s prepared remarks.

The conference call and investor presentation will be broadcast live and available for replay here and in the investor section of the company’s website. The conference call script will also be posted to the company’s website shortly before the call.

For those who wish to call in via telephone to ask a question, please dial the number below at least five minutes before the scheduled start time. We encourage you to also login to the live broadcast so you can follow along with the investor presentation.

Toll-Free number: 877-407-0832

International number: 201-689-8433

Conference ID number: 13754822

About Digimarc

Digimarc (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what's real, protect what matters, and transact with confidence. Digimarc's solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today's AI-enabled threats. Trusted by the world's central banks to deter counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.

Forward-Looking Statements

Except for historical information contained in this release, the matters described in this release contain various “forward-looking statements.” These forward-looking statements include statements identified by terminology such as “will,” “should,” “expects,” “estimates,” “predicts” and “continue” or other derivations of these or other comparable terms. These forward-looking statements are statements of management’s opinion and are subject to various assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements in this release as a result of changes in economic, business and regulatory factors. More detailed information about risk factors that may affect actual results are outlined in the company’s Form 10-K for the year ended December 31, 2025, and in subsequent periodic reports filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date of this release. Except as required by law, Digimarc undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

Non-GAAP Financial Measures

This release contains the following non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP net income (loss), Non-GAAP income (loss) per diluted share, and free cash flow. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. These non-GAAP financial measures are an important measure of our operating performance because they allow management, investors and analysts to evaluate and assess our core operating results from period-to-period after removing non-cash and non-recurring activities that affect comparability. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparisons.

Digimarc believes that providing these non-GAAP financial measures, together with the reconciliation to GAAP, helps management and investors make comparisons between us and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules. These non-GAAP financial measures are not measurements of financial performance or liquidity under GAAP. In order to facilitate a clear understanding of its consolidated historical operating results, investors should examine Digimarc’s non-GAAP financial measures in conjunction with its historical GAAP financial information, and investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to, GAAP financial measures. Non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive of potential future results.

Digimarc Corporation
Consolidated Income Statement Information
(in thousands, except per share amounts)
(Unaudited)
		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2025				2024				2025				2024
Revenue:
Subscription		$	5,339			$	5,024			$	19,844			$	22,418
Service			3,569				3,634				14,069				16,000
Total revenue			8,908				8,658				33,913				38,418
Cost of revenue:
Subscription (2)			532				754				2,633				2,959
Service (2)			1,528				1,490				5,648				6,628
Amortization expense on acquired intangible assets			1,190				1,147				4,736				4,592
Total cost of revenue			3,250				3,391				13,017				14,179
Gross profit:
Subscription (2)			4,807				4,270				17,211				19,459
Service (2)			2,041				2,144				8,421				9,372
Amortization expense on acquired intangible assets			(1,190	)			(1,147	)			(4,736	)			(4,592	)
Total gross profit			5,658				5,267				20,896				24,239
Gross profit margin:
Subscription (2)			90	%			85	%			87	%			87	%
Service (2)			57	%			59	%			60	%			59	%
Total			64	%			61	%			62	%			63	%
Operating expenses:
Sales and marketing			2,778				4,378				13,939				21,167
Research, development and engineering			3,997				6,336				20,482				26,209
General and administrative			2,891				3,378				18,505				17,073
Amortization expense on acquired intangible assets			285				274				1,132				1,097
Total operating expenses			9,951				14,366				54,058				65,546
Operating loss			(4,293	)			(9,099	)			(33,162	)			(41,307	)
Other income, net			88				473				884				2,341
Loss before income taxes			(4,205	)			(8,626	)			(32,278	)			(38,966	)
Provision for income taxes			(2	)			(22	)			(31	)			(44	)
Net loss		$	(4,207	)		$	(8,648	)		$	(32,309	)		$	(39,010	)
Loss per share:
Loss per share — basic		$	(0.19	)		$	(0.40	)		$	(1.49	)		$	(1.83	)
Loss per share — diluted		$	(0.19	)		$	(0.40	)		$	(1.49	)		$	(1.83	)
Weighted average shares outstanding — basic			21,809				21,480				21,663				21,261
Weighted average shares outstanding — diluted			21,809				21,480				21,663				21,261

____________________
(2)		Cost of revenue, Gross profit and Gross profit margin for Subscription and Service excludes amortization expense on acquired intangible assets.

Digimarc Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(in thousands, except per share amounts)
(Unaudited)
		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2025				2024				2025				2024
GAAP gross profit		$	5,658			$	5,267			$	20,896			$	24,239
Amortization of acquired intangible assets			1,190				1,147				4,736				4,592
Amortization and write-off of other intangible assets (3)			213				215				873				849
Stock-based compensation			386				143				1,112				706
Non-GAAP gross profit		$	7,447			$	6,772			$	27,617			$	30,386
Non-GAAP gross profit margin			84	%			78	%			81	%			79	%
GAAP operating expenses		$	9,951			$	14,366			$	54,058			$	65,546
Depreciation and write-off of property and equipment			(167	)			(158	)			(597	)			(728	)
Amortization of acquired intangible assets			(285	)			(274	)			(1,132	)			(1,097	)
Amortization and write-off of other intangible assets			(202	)			(35	)			(531	)			(276	)
Amortization of lease right of use assets under operating leases			(112	)			(95	)			(421	)			(358	)
Stock-based compensation			(2,684	)			(1,947	)			(10,854	)			(9,323	)
Non-GAAP operating expenses		$	6,501			$	11,857			$	40,523			$	53,764
GAAP net loss		$	(4,207	)		$	(8,648	)		$	(32,309	)		$	(39,010	)
Total adjustments to gross profit			1,789				1,505				6,721				6,147
Total adjustments to operating expenses			3,450				2,509				13,535				11,782
Non-GAAP net income (loss)		$	1,032			$	(4,634	)		$	(12,053	)		$	(21,081	)
GAAP loss per share (diluted)		$	(0.19	)		$	(0.40	)		$	(1.49	)		$	(1.83	)
Non-GAAP net income (loss)		$	1,032			$	(4,634	)		$	(12,053	)		$	(21,081	)
Non-GAAP income (loss) per diluted share		$	0.05			$	(0.22	)		$	(0.56	)		$	(0.99	)
Free cash flow
Cash flows from operating activities		$	991			$	(4,235	)		$	(11,779	)		$	(26,572	)
Purchase of property and equipment			(96	)			(13	)			(570	)			(212	)
Capitalized patent costs			(189	)			(118	)			(654	)			(431	)
Free cash flow		$	706			$	(4,366	)		$	(13,003	)		$	(27,215	)

____________________
(3)		In the second quarter of fiscal year 2025, management updated its definition of Non-GAAP gross profit to adjust for the amortization of patent maintenance costs. The related amortization expense for the three and twelve months ended December 31, 2025 and 2024 is now reflected in "amortization and write-off of other intangible assets" above to calculate Non-GAAP gross profit, Non-GAAP net income (loss), and Non-GAAP income (loss) per diluted share.

Digimarc Corporation
Consolidated Balance Sheet Information
(in thousands)
(Unaudited)
		December 31,				December 31,
		2025				2024
ASSETS
Current assets:
Cash and cash equivalents		$	9,820			$	12,365
Marketable securities			3,046				16,365
Trade accounts receivable, net			6,513				6,412
Other current assets			1,961				4,189
Total current assets			21,340				39,331
Property and equipment, net			1,104				1,040
Intangibles, net			17,045				22,191
Goodwill			9,056				8,532
Lease right of use assets			3,238				3,659
Other assets			1,175				1,013
Total assets		$	52,958			$	75,766
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and other accrued liabilities		$	4,359			$	5,118
Deferred revenue			3,993				4,020
Total current liabilities			8,352				9,138
Long-term lease liabilities			4,314				5,213
Other long-term liabilities			63				56
Total liabilities			12,729				14,407
Shareholders’ equity:
Preferred stock			50				50
Common stock			22				21
Additional paid-in capital			424,665				415,049
Accumulated deficit			(383,087	)			(350,778	)
Accumulated other comprehensive loss			(1,421	)			(2,983	)
Total shareholders’ equity			40,229				61,359
Total liabilities and shareholders’ equity		$	52,958			$	75,766

Digimarc Corporation
Consolidated Cash Flow Information
(in thousands)
(Unaudited)
		Twelve Months Ended
		December 31,
		2025				2024
Cash flows from operating activities:
Net loss		$	(32,309	)		$	(39,010	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and write-off of property and equipment			597				728
Amortization of acquired intangible assets			5,868				5,689
Amortization and write-off of other intangible assets			1,404				820
Amortization of lease right of use assets under operating leases			421				358
Stock-based compensation			11,966				10,029
Increase (decrease) in allowance for doubtful accounts			567				17
Changes in operating assets and liabilities:
Trade accounts receivable			(718	)			(687	)
Other current assets			1,951				(128	)
Other assets			(257	)			(156	)
Accounts payable and other accrued liabilities			(434	)			(1,608	)
Deferred revenue			28				(1,838	)
Lease liability and other long-term liabilities			(863	)			(786	)
Net cash provided by (used in) operating activities			(11,779	)			(26,572	)
Cash flows from investing activities:
Purchase of property and equipment			(570	)			(212	)
Capitalized patent costs			(654	)			(431	)
Proceeds from maturities of marketable securities			20,197				22,555
Purchases of marketable securities			(6,878	)			(33,194	)
Net cash provided by (used in) investing activities			12,095				(11,282	)
Cash flows from financing activities:
Issuance of common stock, net of issuance costs			—				32,218
Purchase of common stock			(2,879	)			(3,416	)
Repayment of loans			(32	)			(37	)
Net cash provided by (used in) financing activities			(2,911	)			28,765
Effect of exchange rate on cash			50				(2	)
Net increase (decrease) in cash and cash equivalents		$	(2,545	)		$	(9,091	)
Cash, cash equivalents and marketable securities at beginning of period		$	28,730			$	27,182
Cash, cash equivalents and marketable securities at end of period			12,866				28,730
Net increase (decrease) in cash, cash equivalents and marketable securities		$	(15,864	)		$	1,548

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311360054/en/

Company Contact:

Charles Beck

Chief Financial Officer

[e-mail]

[phone]

Original: Digimarc Reports Fourth Quarter and Fiscal Year 2025 Financial Results

[US Market News]

Digimarc Sets Fourth Quarter 2025 Conference Call for Wednesday, March 11

February 25, 2026 4:05 PM
Business Wire

Digimarc Corporation (NASDAQ: DMRC), a leading provider in digital identity and authentication solutions, will hold a conference call on Wednesday, March 11, 2026, at 5 p.m. Eastern time (2 p.m. Pacific time) to discuss results for the fourth quarter ended December 31, 2025.

Digimarc CEO Riley McCormack and CFO Charles Beck will host the call, and provide an update on strategic priorities, quarterly highlights, and financial results, followed by a question-and-answer forum. The company will issue financial results in a press release before the call, including links to the investor presentation and prepared remarks highlighting fourth quarter achievements and current strategic priorities.

Please log in to the live broadcast using the link below to follow along with the investor presentation. For those who wish to ask a question, please also dial the number below at least five minutes before the scheduled start time.

Date: Wednesday, March 11, 2026

Time: 5 p.m. Eastern time (2 p.m. Pacific time)

Toll-Free Number: 877-407-0832 | International Number: 201-689-8433

Conference ID: 13754822

Webcast Link: https://edge.media-server.com/mmc/p/yjwbgwdg

About Digimarc

Digimarc (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what’s real, protect what matters, and transact with confidence. Digimarc’s solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today’s AI-enabled threats. Trusted by the world’s central banks to deter the counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225928412/en/

Digimarc company contact:

Charles Beck

Chief Financial Officer

[e-mail]

[phone]

Original: Digimarc Sets Fourth Quarter 2025 Conference Call for Wednesday, March 11

[Monksdream]

DMRC new 52 week high

[Monksdream]

DMRC new 52 week high

[nlightn]

this turndown in price on DMRC makes no logical sense,..especially with the interest level from institutions, etc.,...

the e/r needs to kick arse,..hopefully it will take the market by surprise

https://www.marketbeat.com/stocks/NASDAQ/DMRC/?RegistrationCode=SocialMedia-direct&utm_source=GeneralSocialMedia&utm_medium=Social

[newguy49]

I'll have to take your word for the 100 share buying pattern as I have no Idea about how large institutions buy there shares. I hope your right, I was worried all the small buys was someone slowly getting out of their holdings in DMRC. at the same time I have to believe that this next conference call is going to be at least extremely encouraging if not outstanding. We'll know for sure next week,fingers crossed.

[nlightn]

my 2 cents. last week when there was an analyst that gave DMRC a poor rating,...and price tanked,...at the same time other companies in the same exact sector as DMRC were moving up in price,..that seemed odd to me, very odd.

why wasn't the entire sector getting punished like DMRC ? it didn't make sense to me. especially for the fact that DMRC has its products in WMT and other retailers.

so in my way of thinking IF something doesn't make sense then its being manipulated.

i've been watching the buys and sells go through,... a lot of buying is in 100 share blocks,...that is institutional buying. that is the pattern.

my thought is that this analyst was a deterrent to scare weak hands to sell to drive the price down so these institutions can get in cheap. they've taken it down approx 25% (high was $41.75) to the recent $30.95.

my perspective might be incorrect but i've got a few options positions so i've got skin in the game.

my WAG,....come earnings this will fly !!!

JMHO

===============

this is from a recent July 12, 2017 article as a point of information who is piling in DMRC shares,....

A number of institutional investors have recently modified their holdings of DMRC.

Berson & Corrado Investment Advisors LLC bought a new position in shares of Digimarc Corporation during the second quarter worth approximately $385,000.

Janney Montgomery Scott Limited Liability Company owns 56,425 shares or 0.03% of their USA portfolio. has invested 0% in Digimarc Corp (NASDAQ:DMRC).

Vanguard Group Inc. increased its stake in shares of Digimarc Corporation by 9.8% in the first quarter.

American International Group Inc. now owns 5,198 shares of the information technology services provider's stock worth $140,000 after buying an additional 391 shares in the last quarter.

Cowen Prime Services LLC now owns 379,605 shares of the information technology services provider's stock valued at $10,249,000 after buying an additional 10,201 shares during the period.

WealthTrust Arizona LLC increased its position in shares of Digimarc Corporation by 3.9% in the first quarter.

Hood River Capital Management LLC now owns 298,397 shares of the information technology services provider's stock valued at $8,057,000 after buying an additional 9,293 shares in the last quarter.

Teachers Advisors LLC increased its stake in shares of Digimarc Corporation by 6.8% in the fourth quarter. The firm now has a "buy" rating on the information technology services provider's stock.

The rating was downgraded by Craig Hallum to "Hold" on Friday, July 7.

BidaskClub downgraded Digimarc Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday.

Needham maintained the shares of DMRC in report on Monday, June 19 with "Buy" rating.

Finally, Zacks Investment Research upgraded shares of Digimarc Corporation from a "sell" rating to a "hold" rating in a report on Friday, April 14th.

Cowen and Company upped their price target on shares of Digimarc Corporation from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, June 27th.

[newguy49]

I was expecting a good conference call next week but given the continuing pull back of the share price on higher than normal volume I am starting to wonder. any one have any thoughts?

[nlightn]

Digimarc Sets Second Quarter 2017 Conference Call for Wednesday, July 26, 2017 at 5:00 p.m. ET
Mon July 10, 2017 8:00 AM

BEAVERTON, Ore., July 10, 2017 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC), the inventor of the Digimarc Discover® platform featuring the Digimarc Barcode for automatically identifying and interacting with virtually any media, will hold a conference call on Wednesday, July 26, 2017 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss results for the second quarter ended June 30, 2017. Management will also provide an update on market conditions and its execution of strategy. Financial results will be issued in a press release prior to the call.

https://mma.prnewswire.com/media/461519/digimarc_logo.jpg

Digimarc (DMRC) Chairman and CEO Bruce Davis and CFO Charles Beck will host the call.

The conference call will be broadcast simultaneously and available for replay in the investor section of the company's website.

For those who wish to listen to the call via telephone, please dial the number below at least five minutes prior to the scheduled start time:

Date: Wednesday, July 26, 2017
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Toll-Free Number: 866-562-9934
International Number: 706-679-0638
Conference ID: 8340850

If you have any difficulty connecting with the conference call, please contact Liolios Group at 949-574-3860.

[nlightn]

it's going to come down to which company chain stores like WMT and WFC decide to use. DMRC has competition so its not a clear path to a higher stock price.

[mantis]

Great post

[nlightn]

Digimarc: The Revenue Begins
Jul. 6, 2017

Watermarked products are on shelves at Wal-Mart.

Virtually all major retailers have expressed interest.

Amazon's Whole Foods acquisition will speed adoption.

About two years ago, with Digimarc (DMRC) trading around $40 per share and Wal-Mart (NYSE:WMT) dropping hints about collaborating with the company, I concluded an article by writing, "a move from $40 to $200 is still good whether it happens in a matter of months or after several years."

Today, shares are trading around $40 per share again, but Wal-Mart is no longer being so coy. You can go to a store right now and scan some of their Great Value brand items using the Digimarc Discover app to observe Digimarc technology at work.



For people new to this story, what you see in the above video is the most salient application for Digimarc's patented watermarking technology. Those packages, while still carrying a traditional barcode, have been imperceptibly modified so that they are scannable in their entirety. This saves time at checkout, creates efficiencies throughout the supply chain, and creates an opportunity for effortless consumer engagement.



These time savings represent billions to retailers, and to answer a common question: No, the benefits don't accrue only after a critical mass of watermarking is achieved. Even if a cashier or warehouse worker is oblivious to the technology they are working with, the items will still scan faster as workers reorient them in search of the visible bar code.

The benefit to brands is harder to quantify, but Digimarc management has expressed surprise at the rate at which they've been approached by consumer packaged good (CPG) companies who are not waiting to feel pressured by retailers to make their move.

Solidifying the appeal of the solution is the pricing. Digimarc will be charging all but the largest companies a recurring $50 per shop keeping unit (SKU), which for the benefits gained, should create a great return on investment.

In fact, Digimarc has something of a Goldilocks solution. RFID can do something similar, but companies incur a higher cost to implement that solution since each item produced comes with an incremental expense. Wrapping a product in visible barcodes can get around the cost issue, but companies are not keen on having their brand crisscrossed with long black stripes.



Evidence for industry interest in Digimarc's technology comes directly from management who mentioned during their Q4 conference call, "We have some level of engagement with all of the top 10 retailers in the world and six of the top 10 CPGs. These relationships range from discussion of pilots to contract small volume production." These are in addition to ongoing fully operational roll outs with smaller grocers Wegman's and New Seasons.

When exactly Digimarc will begin converting talks and pilots into dollars is not totally clear, but the most recent call provided some encouraging color. Management disclosed, "This is the second master services agreement we have entered into with a top 10 retailer. The other relationship is further along and involves lots of moving parts and is taking some time to mature." In other words, talks haven't stalled with the big retailers. Signatures have been placed on the dotted line and now Digimarc just has to hit certain milestones.

Independent of this information, Digimarc has been disclosing bookings for a few quarters and finished 2016 with $1.8 million-a number that is symbolically, if not statistically significant.

If there was any doubt as to whether Wal-Mart was one of the two initial signers of the master services agreements, one need to look no further than Digimarc's jobs page:



So what are these master services agreements worth? From a few hundred thousand per year up to maybe a million? It's hard to say, but it's also not terribly important. Digimarc is not poised to succeed on have a couple of monstrous contracts but rather a bounty of small and medium sized ones. The list of supermarket chains alone, many of which have their own store brand, is enormous. This is to say nothing of CPG companies which could have one or tens of thousands of SKUs. Having the biggest names in the business on board is important mostly in terms of putting the smaller players in the industry on notice and creating a fast followers effect.

Once the reactive players begin to adopt, there is the potential for rapid acceleration. Management is fond of pointing out that the total addressable market in terms of SKUs is in the hundreds of millions. Obviously, Digimarc will never capture 100% of that, and capturing the first few percentage points will take time, but even so.... the opportunity relative to the company's current market cap of around $400 million is significant. Two million SKUs at $50 per year is $100 million of high margin and recurring revenue, and from there the potential begins to get downright preposterous.

Most recently, management estimated that the number of partners they have who have begun some sort of production using their technology to be, "probably 30 to 50." Significantly, there appear to be several heavy hitters in the bunch besides Wal-Mart with people scanning activated brand labels on grocery store shelves for Dr. Pepper, Smuckers, and Procter & Gamble. In fact, a secondary benefit to owning shares of DMRC may be that trips to the grocery store become Easter egg hunts for watermarked items.

Looping back to my quote from two years prior, things have taken awhile and they will most likely continue to creep rather than sprint (whether share price will do the same is another issue.) That being said, management has been learning as things have moved forward and are applying their new knowledge to help speed up the process.

Most dramatically, Digimarc has pushed against the idea that companies all need to run their own studies. This has led to national commissions in Germany and Japan where businesses can coordinate their testing and cut down on time to market. Signs point to things going well in these regions, as if one refers back to the job postings earlier in the article, they will see that local sales staff is about to be put in place.

Additionally, during the passage of those two years, stores of all sorts have continued to upgrade their scanning technology from laser based to image based, enabling the recognition of invisible watermarking. This is in accordance with the recommendation of GS1 the independent organization that manages barcoding systems. The shift is not happening because of Digimarc specifically, but the company is a happy beneficiary.

A final catalyst that should shorten the timeline of widespread adoption of digital watermarking is Amazon (NASDAQ:AMZN) acquisition of Whole Foods (NASDAQ:WFM). The conventional wisdom is that retailers who may have been tentative about taking the plunge suddenly see themselves in a more 'adapt or die' type situation as the online retailer brings its ruthless efficiency to their doorstep. Needless to say, there should be some interesting insights regarding sentiment during the Q2 call.

Consumer packaged goods companies may not feel the pressure of Amazon, but they have their own incentive to cross over approaching as new nutritional labeling requirements eventually go into effect. If a company must update their packaging anyway, the logic goes, that's the opportune time to embrace the invisible barcode.

There are other things to like about Digimarc that extend beyond this application or even this technology. They watermark audio, prevent eBook piracy, have a legacy business that protects US currency, and own a host of patents that in the past they have licensed as a means of generating revenue. Close partnerships with HP and Shazam, among a host of others, add major names and demonstrate the breadth of their ecosystem. Finally, an examination of their balance sheet will show they carry no debt, and have a multi year runway of cash on hand.



But the invisible barcode dwarfs these in terms of opportunity and so has been the focus here.

Two years ago Digimarc was a 'not if but when' type play. Now, there are a known two million in bookings that will be hitting the top line soon, and from there the initial master services agreements along with drips and drabs from other retailers and CPGs should begin to snowball. It's no longer about the when, it's about how much. And signals from management and store shelves are indicating that the answer will be a very large number.

Disclosure: I am/we are long DMRC.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/article/4086011-digimarc-wait?app=1&auth_param=f4h1u:1clsa5i:fa9480d69204518c655fa9e7cc7a24fd&uprof=54#alt2

[jaytea]

$DMRC broke $40. Just getting started here!

[jaytea]

DMRC about to bust $40.
Looks like blue skies from there.

[jaytea]

DMRC/Walmart https://twitter.com/bit19/status/868903457205481473

Big big things coming here.

[mantis]

Let's rock

[jaytea]

Let's rock! $DMRC

[longhorn4lif]

Bought today huge things in works

[CaptainRicci]

This company has HUGE upside. Buy now. The whole bar code industry is fading away and DMRC is being adopted everywhere.

[stocktrademan]

$DMRC recent news/filings

bullish 33.20
bullish engulfing
moving average confluence

## source: finance.yahoo.com

Tue, 01 Dec 2015 17:33:39 GMT ~ Hedge Funds Are Betting On Digimarc Corp (DMRC)


read full: http://www.insidermonkey.com/blog/hedge-funds-are-betting-on-digimarc-corp-dmrc-392736/
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Tue, 01 Dec 2015 13:03:33 GMT ~ Digimarc to Present at the Imperial Capital Security Investor Conference on December 10

[at noodls] - Beaverton, Ore. - December 1, 2015 - Digimarc Corporation (NASDAQ: DMRC) has been invited to present at the annual Imperial Capital Security Investor Conference being held on December 9-10, 2015 at The ...

read full: http://www.noodls.com/view/0060F5125CE7B47C7CBE7C417B5A576E3ABDE8E6
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Tue, 01 Dec 2015 13:00:00 GMT ~ Digimarc to Present at the Imperial Capital Security Investor Conference on December 10

[Marketwired] - Digimarc Corporation has been invited to present at the annual Imperial Capital Security Investor Conference being held on December 9-10, 2015 at The Waldorf Astoria in New York City.

read full: http://finance.yahoo.com/news/digimarc-present-imperial-capital-security-130000088.html
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Tue, 01 Dec 2015 01:27:19 GMT ~ Digimarc Expands Global Expertise, Names Spanish Media Entrepreneur Javier Gonzalez as New Sales Director

[at noodls] - Twenty-year technology veteran bolsters the company's international reach, marks the latest in a series of new talent acquisition BEAVERTON, Ore. - Nov. 30, 2015 - Digimarc Corp. (NASDAQ: DMRC), the inventor ...

read full: http://www.noodls.com/view/4AA6F17C87ABBFB5F99D183FB5C409A2509A2C80
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Tue, 24 Nov 2015 15:28:00 GMT ~ Digimarc Corp. – Value Analysis (NASDAQ:DMRC) : November 24, 2015


read full: http://www.capitalcube.com/blog/index.php/digimarc-corp-value-analysis-nasdaqdmrc-november-24-2015/
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$DMRC charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$DMRC company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/DMRC/company-info
Ticker: $DMRC
OTC Market Place: Not Available
CIK code: 0001438231
Company name: Digimarc Corp.
Incorporated In: OR, USA

$DMRC share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$DMRC extra dd links

Company name: Digimarc Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=DMRC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=DMRC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=DMRC+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/news - http://finance.yahoo.com/q/h?s=DMRC+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/DMRC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=DMRC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/DMRC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Digimarc+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Digimarc+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Digimarc+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/DMRC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001438231&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=DMRC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=DMRC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=DMRC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=DMRC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=DMRC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=DMRC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=DMRC+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/DMRC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=DMRC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/DMRC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=DMRC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/DMRC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/DMRC/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/DMRC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/DMRC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/DMRC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=DMRC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=DMRC



$DMRC DD Notes ~ http://www.ddnotesmaker.com/DMRC

[CaptainRicci]

Wow this bad boy is a running!!!

[CaptainRicci]

Loving this company!

[midastouch017]

FMI Connect 2014 Attendees Get Live Demo of Faster Checkout Using Digimarc(R) Barcode

Thursday 5 June 2014

FMI Connect 2014 Attendees Get Live Demo of Faster Checkout Using Digimarc(R) Barcode
Attendees to Compete for Fast Checkout Speed of the Day

BEAVERTON, OR and CHICAGO, IL--(Marketwired - Jun 4, 2014) - FMI Connect Booth #4450 -- Digimarc Corporation (NASDAQ: DMRC) today announced a demo of the new Digimarc® Barcode at Food Marketing Institute (FMI) Connect 2014 being held June 10-13 in Chicago, IL. Attendees will get a hands-on opportunity to try out this new technology, proven to dramatically speed up in-store checkout; and engage shoppers on their mobile devices -- at home, on the go, and in the store.

Using Digimarc-enabled packaging, attendees will see just how much faster checkout can be with Digimarc Barcodes. Prior demonstrations have shown amazing increases in scanning speeds over traditional barcodes.

The Digimarc Barcode employs patented digital watermarking technology, an imperceptible pattern that can be repeatedly embedded into the images and graphics of printed consumer packaged goods, or in some cases, directly into the packaging material itself. This unique approach makes the entire package scannable -- not just the traditional UPC symbol. The Digimarc Barcode's ease of scanning makes it easier for consumers with smartphones to reliably identify products, giving retailers and brands opportunities to enhance convenience and engagement for mobile-enabled shoppers.

At the show, Digimarc will showcase two breakthrough demos:

Faster Scanning - Digimarc will demonstrate how checkout clerks, as well as shoppers using self-checkout, can quickly scan items without having to find and position the barcode toward the reader, resulting in shorter lines for shoppers and significant labor cost savings for retailers. The demo will feature a Datalogic Magellan™ 9800i multi-pane imaging scanner to detect and process Digimarc Barcodes.

Consumer Engagement - Using mobile devices pre-loaded with the company's consumer-facing Digimarc® Discover app and other compatible apps, attendees can scan Cooking Light ready-made entrees and side dishes, available in select retailers now, and various Digimarc-enabled demonstration materials. Scans will provide instant access to additional product information, special offers, reviews, social networks and other helpful information which illustrates how Digimarc can enhance all aspects of the mobile-centric shopper's journey.

How Fast Can You Scan?
Attendees can put their scanning skills to the test in Digimarc's Package Scanning Game, a contest the company introduced at NRF 2014 that demonstrates how much faster anyone can scan items using Digimarc Barcode.

Think you have what it takes to beat the current record for scanning 20 items in 8.92 seconds (a rate of 134 items per minute)? Stop by booth #4450 and find out! Contestants with the top speed of the day will win an iPad Air. The next two fastest times will be awarded a GoPro® Camera.

Learn more about Digimarc Barcode at www.digimarc.com/retail

[meltup]

DMRC must have BIG PLANS in the works imo.....DMRC could hit 200-300 when the plans are made public imo......

[meltup]

Bashers are really BUYING YOUR SHARES imo, because the potential of the DMRC patents for the largest retailers in the world, and for other applications, could imo send DMRC to over $200.

[midastouch017]

Digimarc Publishes Quantitative Model Estimating Potential Labor Cost Savings for Retailers Who Adopt Digimarc Barcode
Monday 5 May 2014

Digimarc Publishes Quantitative Model Estimating Potential Labor Cost Savings for Retailers Who Adopt Digimarc Barcode
White Paper and ROI Calculator Help Retailers Estimate Return on Investment From Adopting Digimarc(R) Barcode

BEAVERTON, OR--(Marketwired - May 5, 2014) - Digimarc Corporation (NASDAQ: DMRC) today published "Digimarc® Barcode: A Quantitative Model of Annual Labor Cost Savings and Return on Investment for Retailers." The white paper and associated ROI (return on investment) Calculator are intended to help retailers quantify potential labor cost savings from adopting the Digimarc Barcode. The quantitative model focuses on the top 120 global high-volume retailers and projects that this group could realize aggregate labor cost savings in excess of $500 million annually for a single item per minute (IPM) improvement in scanning speed at checkout. The white paper, quantitative model, and ROI Calculator are available at www.digimarc.com/model.

The Digimarc Barcode is a high-performance digital watermark-based barcode enhancement. It greatly improves speed of checkout -- and occupies no space on the package. The Digimarc Barcode repetitively encodes the same data currently carried in the product's traditional barcode symbol invisibly over the entire surface of packages and labels. This means that cashiers, as well as shoppers using self-checkout, can quickly scan items without having to find and position the barcode toward the reader, creating opportunities for improving retailers' margins and customer satisfaction.

"Potential labor cost savings are a quantifiable benefit of adopting the Digimarc Barcode," said Ed Knudson, executive vice president, sales and marketing at Digimarc. "High-volume retailers focus on IPM as a key performance measurement, and the IPM improvements we're seeing in our internal testing could translate into billions of dollars in savings across the industry."

Digimarc's ROI Calculator was designed for use by retailers to estimate potential savings from a reduction in cashier labor costs due to faster processing at checkout. The ROI Calculator is available to the public in spreadsheet format, allowing for inputs of different assumptions and experience data to estimate the ROI from adopting the Digimarc Barcode.

The white paper describes the model structure, assumptions, and sources of data, including a hypothetical example of a retailer with $10 billion in annual sales of which 25 percent is comprised of private label brands. In this scenario, adoption of the Digimarc Barcode is estimated to deliver a 5-year ROI of more than 275 percent by enabling private label products alone, and more than 1200 percent assuming adoption by all brands in the stores.

The Digimarc Barcode is the latest feature in the Digimarc Discover optimization of the Shopper's Journey. Other aspects of Digimarc Discover allow mobile-centric shoppers to automatically identify brand impressions in and out of stores, connect automatically to engaging content provided by the associated brands, and allow users to add their interest in the product to an activity list.

Digimarc welcomes feedback aimed at improving the model and key assumptions that it relies upon. The model contains many assumptions based on limited publicly available data. Improvements to the model and associated ROI Calculator are expected to play an important role in facilitating procurement decisions of retailers, and informing resource allocations of Digimarc retailers, and suppliers. Please provide comments, criticisms, alternative views, sources of additional data, etc. via the following channels:

Digimarc Site: www.digimarc.com/model
On-line forum is available to post any and all feedback at the bottom of the page.
Twitter: www.twitter.com/DigimarcCorp
Provide your feedback via Twitter by messaging @DigimarcCorp or using the #DigimarcBarcode hashtag.
Email: [e-mail]
Learn more about how the Digimarc Barcode works here: www.digimarc.com/barcode#video. For more information about Digimarc Discover visit, www.digimarc.com/retail.

[Stockexpertpro]

DMRC Revenues Down 30% Loss 3.3 Million Ugly Outlook Company will continue to lose money and be cash flow negative for the forseable futures Revenues of only 7.2 Million Yet the Company has a market cap of 255 Million Dollars... for a company whos revenues just declined 30% and that is losing 3.3 Million a qrt thats 13.2 Million Dollars a year Hmm This stock def looks like a Bubble Short Sell

http://finance.yahoo.com/news/digimarc-reports-first-quarter-2014-200500475.html

Digimarc Reports First Quarter 2014 Financial Results
Marketwired Digimarc Corporation
April 23, 2014 4:05 PM
BEAVERTON, OR--(Marketwired - Apr 23, 2014) - Digimarc Corporation (NASDAQ: DMRC) reported financial results for the first quarter ended March 31, 2014.

First Quarter 2014 Results
Revenue for the first quarter of 2014 totaled $7.2 million compared to $10.2 million in the first quarter of 2013. The decrease was primarily due to the end of the scheduled minimum quarterly license fee payments from Intellectual Ventures (IV) in the second quarter of 2013. The comparative decline was partially offset by increased royalty revenue from other licensees.

Operating loss for the first quarter of 2014 totaled $3.3 million compared to operating income of $1.6 million in the same quarter a year-ago. The operating loss was primarily due to lower revenue and increased investment in the company's ongoing product development and sales growth initiatives, mainly focused around Digimarc Discover and Barcode.

Net loss for the first quarter of 2014 totaled $2.0 million or $(0.29) per diluted share compared to net income of $1.0 million or $0.13 per diluted share in the first quarter of 2013.

At March 31, 2014, cash, cash equivalents and marketable securities totaled $32.3 million compared to $35.0 million at December 31, 2013.

Conference Call
Digimarc will hold a conference call later today (Wednesday, April 23, 2014) to discuss these results. Management will also provide an update on market conditions and execution of strategy. Chairman and CEO Bruce Davis and CFO Charles Beck will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A question and answer session will follow management's presentation.

The call will be broadcast live via webcast at www.digimarc.com/investors and available for replay through May 23, 2014. The webcast will be archived and available on Digimarc's website at www.digimarc.com/investors/investor-events-and-webcasts.

For those who wish to listen to the call via telephone, please dial the telephone number below at least five minutes prior to the scheduled start time:

Number: 866-562-9934
Conference ID: 27179676

If you have any difficulty connecting with the conference call, please contact Liolios Group at 949-574-3860.

About Digimarc
Digimarc Corporation (NASDAQ: DMRC), based in Beaverton, Oregon, is a leading innovator and provider of enabling technologies that create digital identities for all forms of media and many everyday objects. The embedded Digimarc IDs are imperceptible to humans, but not to computers, networks and devices like mobile phones, which can now use cameras and microphones as sensory inputs to "see, hear and understand" the world around them within the context of their environment. Digimarc has built an extensive intellectual property portfolio with patents in digital watermarking, content identification and management, media and object discovery to enable ubiquitous computing, and related technologies. Digimarc develops solutions, licenses its intellectual property, and provides development services to business partners across a range of industries. For more information, visit www.digimarc.com.

Forward-looking Statements
With the exception of historical information contained in this release, the matters described in this release contain various "forward-looking statements." These forward-looking statements include statements and any related inferences regarding increased royalty revenue from other licensees, increased investments in product development and sales growth initiatives, and other statements identified by terminology such as "will," "should," "expects," "estimates," "predicts" and "continue" or other derivations of these or other comparable terms. These forward-looking statements are statements of management's opinion and are subject to various assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements in this release as a result of changes in economic, business and/or regulatory factors. More detailed information about risk factors that may affect actual results will be set forth in the company's Form 10-K for the year ended December 31, 2013 and in subsequent periodic reports filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this release. Except as required by law, Digimarc undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.


Digimarc Corporation
Consolidated Income Statement Information
(in thousands, except per share amounts)
(Unaudited)

Three-Month Information
March 31, March 31,
2014 2013
Revenue:
Service $ 2,988 $ 2,929
Subscription 1,412 1,384
License 2,805 5,930
Total revenue 7,205 10,243

Cost of revenue:
Service 1,414 1,403
Subscription 649 635
License 83 96
Total cost of revenue 2,146 2,134

Gross profit:
Service 1,574 1,526
Subscription 763 749
License 2,722 5,834
Total gross profit 5,059 8,109

Gross margin:
Service 53 % 52 %
Subscription 54 % 54 %
License 97 % 98 %
Percentage of gross profit to total revenue 70 % 79 %

Operating expenses:
Sales and marketing 1,879 1,277
Research, development and engineering 3,546 2,725
General and administrative 2,421 2,186
Intellectual property 534 277
Total operating expenses 8,380 6,465

Operating income (loss) (3,321 ) 1,644

Other income, net 27 29

Income (loss) before income taxes (3,294 ) 1,673

(Provision) benefit for income taxes 1,308 (702 )
Net income (loss) $ (1,986 ) $ 971

Earnings (loss) per common share:
Earnings (loss) per common share - basic $ (0.29 ) $ 0.13
Earnings (loss) per common share - diluted $ (0.29 ) $ 0.13
Weighted average common shares outstanding - basic 7,000 6,838
Weighted average common shares outstanding - diluted 7,000 7,058

Cash dividends declared per common share: $ 0.11 $ 0.11



Digimarc Corporation
Consolidated Cash Flow Information
(in thousands)
(Unaudited)

Three-Month Information
March 31, March 31,
2014 2013
Cash flows from operating activities:
Net income (loss) $ (1,986 ) $ 971
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment 231 158
Amortization and write-off of intangibles 308 299
Change in allowance for doubtful accounts (7 ) -
Gain on reversal of contingent merger consideration - (190 )
Stock-based compensation 1,259 1,092
Deferred income taxes (509 ) (112 )
Excess tax benefit from stock-based awards (72 ) -
Changes in operating assets and liabilities:
Trade accounts receivable, net 1,809 (228 )
Other current assets (699 ) (44 )
Other assets 84 1
Accounts payable and other accrued liabilities (317 ) (213 )
Income taxes payable 3 778
Deferred revenue (1,484 ) 832
Net cash provided by (used in) operating activities (1,380 ) 3,344

Cash flows from investing activities:
Purchase of property and equipment (117 ) (86 )
Capitalized patent costs (295 ) (228 )
Maturity of marketable securities 11,192 23,116
Purchase of marketable securities (9,266 ) (21,933 )
Net cash provided by investing activities 1,514 869

Cash flows from financing activities:
Issuance of common stock 712 -
Purchase of common stock (850 ) (648 )
Cash dividends paid (824 ) (801 )
Excess tax benefit from stock-based awards 72 -
Net cash used in financing activities (890 ) (1,449 )

Net increase (decrease) in cash and cash equivalents (1) $ (756 ) $ 2,764


Cash, cash equivalents and marketable securities at beginning of period 34,964 39,056
Cash, cash equivalents and marketable securities at end of period 32,282 40,637
(1) Net increase (decrease) in cash, cash equivalents and marketable securities $ (2,682 ) $ 1,581



Digimarc Corporation
Consolidated Balance Sheet Information
(in thousands)
(Unaudited)


March 31, December 31,
2014 2013
Assets
Current assets:
Cash and cash equivalents (2) $ 3,055 $ 3,811
Marketable securities (2) 28,120 25,851
Trade accounts receivable, net 4,036 5,838
Other current assets 2,368 1,658
Total current assets 37,579 37,158
Marketable securities (2) 1,107 5,302
Property and equipment, net 2,326 2,395
Intangibles, net 6,740 6,709
Goodwill 1,114 1,114
Deferred tax assets, net 4,519 3,949
Other assets 486 570
Total assets $ 53,871 $ 57,197

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable and other accrued liabilities $ 1,325 $ 1,560
Deferred revenue 2,690 4,218
Total current liabilities 4,015 5,778
Deferred rent and other long-term liabilities 505 496
Total liabilities 4,520 6,274

Commitments and contingencies

Shareholders' equity:
Preferred stock 50 50
Common stock 8 7
Additional paid-in capital 42,735 41,498
Retained earnings 6,558 9,368
Total shareholders' equity 49,351 50,923

Total liabilities and shareholders' equity $ 53,871 $ 57,197

(2) Aggregate cash, cash equivalents, short- and long-term marketable securities was $32,282 and $34,964 at March 31, 2014 and December 31, 2013, respectively.

[wildcat 13]

Here is a stock with only a little more than 7 million shares outstanding. All of a sudden it is becoming extremely active. I could see a big move upward with any sought of announcement. DMRC's executives have been very quiet. This stock has all the ingredients for a major move upward.

Wildcat

[midastouch017]

London Book Fair: Digimarc to Detail the Latest Tools to Help Publishers Combat Digital Piracy
Tuesday 1 April 2014

London Book Fair: Digimarc to Detail the Latest Tools to Help Publishers Combat Digital Piracy
Digital Watermark-Based Anti-Piracy Programs Help Publishers Protect Revenue and Author Rights

BEAVERTON, OR and LONDON, UNITED KINGDOM--(Marketwired - Apr 1, 2014) - Digimarc Corporation (NASDAQ: DMRC) today announced that Devon Weston, Manager of Client Relations for Digimarc® Guardian, the company's leading anti-piracy platform, will be speaking at the London Book Fair, taking place April 8-10, 2014 at the Earls Court Exhibition Centre. Weston will detail how publishers can use digital watermarks to combat the high cost of e-book piracy.

E-book piracy is estimated to cost publishers around the world billions of dollars annually. In "The Impact of Digital Watermarking on Piracy" session, publishers of all sizes will learn proven strategies for finding and removing pirated content across the web to protect revenue and author rights. The presentation is scheduled for Wednesday, April 9 at 4:30 PM GMT in Tech Theatre 1 of the Earls Court Exhibition Centre.

Digimarc Guardian Watermarking is an effective, user-friendly alternative to traditional Digital Rights Management (DRM) technology. It enables publishers to track and trace leaked and illicitly distributed content back to the source by identifying watermarked assets and securely delivering unique transaction IDs back to content owners for analysis. This integrated takedown process is proven to deliver high removal rates across a broad number of website types. Publishers can add Digimarc Guardian for Books to create a closed-loop anti-piracy protection solution for all their works.

Content owners interested in learning more about Digimarc Guardian at the London Book Fair can see a demonstration and meet with Digimarc's anti-piracy experts in Booth #S530. Learn more at: www.digimarc.com/guardian.

[midastouch017]

Digimarc Reports Fourth Quarter and Full Year 2013 Financial Results

Thursday 20 February 2014

Digimarc Reports Fourth Quarter and Full Year 2013 Financial Results
BEAVERTON, OR--(Marketwired - Feb 20, 2014) - Digimarc Corporation (NASDAQ: DMRC) reported financial results for the fourth quarter and fiscal year ended December 31, 2013.

Fourth Quarter 2013 Results
Revenue for the fourth quarter of 2013 totaled $6.8 million compared to $9.3 million in the fourth quarter of 2012. The decrease was primarily due to the end of the scheduled minimum quarterly license fee payments from Intellectual Ventures (IV) in the second quarter of 2013. The comparative decline was partially offset by increased subscription revenue from a full quarter of Attributor's sales in the fourth quarter of 2013 and higher service revenue from the Central Banks.

Operating loss for the fourth quarter of 2013 totaled $3.4 million compared to operating income of $1.9 million in the same quarter a year-ago. The operating results for the fourth quarter of 2013 reflect lower revenue and higher operating costs due to increased investments in the company's product development and sales growth initiatives, as well as the impact of a full quarter of Attributor's operating costs in the fourth quarter of 2013.

Net loss for the fourth quarter of 2013 totaled $1.3 million or $0.19 per diluted share compared to net income of $1.1 million or $0.14 per diluted share in the fourth quarter of 2012. The decrease was due to lower operating income partially offset by a benefit for income taxes in the fourth quarter of 2013.

Full Year 2013 Results
Revenue in 2013 totaled $35.0 million compared to $44.4 million in 2012. The decrease was primarily due to the $8.0 million past due royalties payment received from Verance Corporation in the first quarter of 2012 and the end of the scheduled minimum quarterly license fee payments from IV in the second quarter of 2013. Revenue from IV for these license fees was $12.6 million in 2012 versus $6.8 million in 2013. The comparative decline was partially offset by increased subscription revenue from a full year of Attributor's sales in 2013 and higher service revenue from the Central Banks.

Operating loss in 2013 totaled $2.4 million compared to operating income of $14.6 million in 2012. The decrease reflects lower revenue and higher operating costs due to increased investments in the company's product development and sales growth initiatives, as well as the impact of a full year of Attributor's operating costs in 2013.

Net loss in 2013 totaled $0.5 million or $0.10 per diluted share compared to net income of $8.3 million or $1.12 per diluted share in 2012. The decrease was due to lower operating income partially offset by a benefit for income taxes in 2013.

At December 31, 2013, cash, cash equivalents and marketable securities totaled $35.0 million compared to $39.1 million at December 31, 2012.

[midastouch017]

Digimarc Declares $0.11 per Share Quarterly Cash Dividend

Thursday 20 February 2014

Digimarc Declares $0.11 per Share Quarterly Cash Dividend
BEAVERTON, OR--(Marketwired - Feb 20, 2014) - Digimarc Corporation (NASDAQ: DMRC) declared a quarterly dividend of $0.11 per share on the outstanding common shares. The dividend is payable on March 10, 2014 to shareholders of record at the close of business on March 3, 2014. The aggregate amount of the quarterly dividend payment is expected to be $0.8 million.

About Digimarc
Digimarc Corporation (NASDAQ: DMRC), based in Beaverton, Oregon, is a leading innovator and provider of enabling technologies that create digital identities for all forms of media and many everyday objects. The embedded digital IDs are imperceptible to humans, but not to computers, networks and devices like mobile phones, which can now use cameras and microphones as sensory inputs to "see, hear and understand" the world around them within the context of their environment. Digimarc has built an extensive intellectual property portfolio with patents in digital watermarking, content identification and management, media and object discovery to enable ubiquitous computing, and related technologies. Digimarc develops solutions, licenses its intellectual property, and provides development services to business partners across a range of industries. For more information, visit www.digimarc.com.

[midastouch017]

DMRC new patent 02/18/14

The present invention relates to digital watermarking methods and systems. In one embodiment, a handheld device displays a digitally watermarked image at an event center. An optical scanner captures optical scan data representing the device display. A watermark decoder analyzes the captured optical scan data to obtain the watermark. The watermark is used to determine authorized entry. The handheld device may include a cell phone or other portable computing device.

Assignee: Digimarc Corporation (Beaverton, OR)

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=digimarc&s2=digimarc&OS=digimarc+AND+digimarc&RS=digimarc+AND+digimarc

[ou71764]

It's an important call. We know the company has what seems to be breakthrough technology on the replacement for barcoding and point of sale marketing.

If the barcode replacement is adopted it will save the top retailers billions annually - and the company said they had had talked to all the major retailers at the conference last month.

Therefore, things should be starting to develop. Even if they haven't signed any major deals yet, I'd like to hear that they are in talks with one or more of these retailers.

[midastouch017]

Digimarc Sets Fourth Quarter and Full Year 2013 Conference Call for Thursday, February 20, 2014 at 5:00 p.m. ET

BEAVERTON, OR--(Marketwired - Feb 13, 2014) - Digimarc Corporation (NASDAQ: DMRC) will hold a conference call on Thursday, February 20, 2014 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss financial results for the fourth quarter and fiscal year ended December 31, 2013; and provide an update on market conditions, plans for 2014, and execution of strategy. Financial results will be issued in a press release prior to the call.

Digimarc Chairman and CEO Bruce Davis and CFO Charles Beck will host the presentation.

The call will be broadcast live via webcast at www.digimarc.com/investors and available for replay through February 27, 2014. Thereafter, the webcast will be archived and available on Digimarc's website at www.digimarc.com/investors/investor-events-and-webcasts.

For those who wish to listen to the call via telephone, please dial the listen-only telephone number below at least five minutes prior to the scheduled start time:

Date: Thursday, February 20, 2014
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Number: 866-562-9934
Conference ID: 14645381

[midastouch017]

News Corp.’s (NASDAQ:NWS) (NASDAQ:NWSA) HarperCollins,
one of the world’s largest publishing companies, recently requested that
HarperCollins Accuses Apple of Copyright Infringement.

JANUARY 27, 2014

Google (NASDAQ:GOOG) remove search engine links to some of its own books on Apple’s (NASDAQ:AAPL) iTunes in what appears to be a poorly executed attempt to fight online piracy, reports TorrentFreak. HarperCollins made the takedown requests through Digimarc (NASDAQ:DMRC), a company that provides anti-piracy protection for publishers and authors.

As seen in the screenshot above, Digimarc’s takedown requests included eight links to HarperCollins e-books offered through Apple’s iTunes Store. The eight targeted books are all mystery novels written by Agatha Christie, including Motive v. Opportunity: A Miss Marple Short Story, Death on the Nile, The Mysterious Affair at Styles, Poirot Investigates, Poirot and the Regatta Mystery, Postern of Fate (Tommy & Tuppence), and Problem at Pollensa Bay. As noted by TorrentFreak, HarperCollins acquired the rights to eighty of Christie’s works in 2010.

Digimarc’s website claims that it “is the global leader in protecting books, publications and documents from the threat of digital piracy. Our service finds and removes pirated content across the web to protect publisher revenues and author rights through an integration takedown process that delivers high removal rates across various website types.”

Besides serving HarperCollins, Digimarc also provides its anti-piracy service for Simon & Schuster, Random House, and Scholastic (NASDAQ:SCHL). Although Digimarc noted that its anti-piracy service is “Highly automated,” it also claimed that it uses two levels of human validation before proceeding with a takedown request. However, Digimarc’s repeated takedown requests that target officially-licensed content on Apple’s iTunes seem to suggest that the company’s overall process may need to be reevaluated.

HarperCollins may be familiar to some Apple watchers as one of the five publishers that were involved in the e-book price-fixing conspiracy that Apple was found guilty of orchestrating. Apple filed a notice of appeal against the verdict and is also currently trying to get the antitrust compliance monitor removed from his position. HarperCollins settled its antitrust case with the government without going to trial.

Unfortunately, this wasn’t the only set of misguided takedown requests that Digimarc submitted on HarperCollins’ behalf. TorrentFreak discovered several other takedown notices from Digimarc that also requested the removal of HarperCollins’ own Agatha Christie books from iTunes. Not surprisingly, Google has rejected the majority of Digimarc’s poorly researched takedown requests, including the links to Apple’s iTunes. Out of the 1,000 takedown requests in the first notice, Google refused to comply with 914 requests. From another set of 1,000 takedown requests,
Google rejected 917.

Oddly enough, Digimarc even targeted iTunes links to Agatha Christie books that haven’t been released yet. In other words, HarperCollins was accusing itself by proxy of pirating its own books before they had even been released.

http://wallstcheatsheet.com/stocks/harpercollins-accuses-apple-of-copyright-infringement.html/2/

[ou71764]

I'm not trading this one, but it was nice to see 30 hold.

[ou71764]

The company would be profitable even if they had no royalties from their agreement with IV and got nothing from their replacement for barcoding.

Now it's almost a certainty that IV will be putting some cash in DMRC's pockets - if DMRC can sign a deal to get their barcode replacement in one or more retailers, that will put a LOT of cash to their bottom line.

So even though the stock has had a great run the past 3 weeks, and a pullback could happen at any time, I still think the stock is a low risk speculation at 30.

[midastouch017]

there aren't any dark clouds on the horizon.

Excellent!
The market sure seems to appreciate this news!

[ou71764]

Even though we don't know the terms, presumably a settlement means DMRC got something. Certainly they won't let themselves get caught like this again.

This is one of the things that was holding back the stock price last year. Now that it's resolved, there aren't any dark clouds on the horizon.

[midastouch017]

Digimarc and Intellectual Ventures Settle Disputes and Strengthen Business Relationship

Tuesday 21 January 2014

Digimarc and Intellectual Ventures Settle Disputes and Strengthen Business Relationship
BEAVERTON, OR--(Marketwired - Jan 21, 2014) - Digimarc Corporation (NASDAQ: DMRC) and Intellectual Ventures (IV) have reached a settlement in their arbitration concerning disputes relating to IV's calculation of potential profit sharing payments under Digimarc's patent license with them. The parties have resolved all matters pending in the arbitration. The terms of the settlement are confidential.

"With this matter behind us, we can refocus resources on maximizing the mutual profitability of monetizing the patents licensed to IV. We and IV have identified numerous interesting licensing opportunities to pursue," said Bruce Davis, Digimarc's Chairman and CEO. Davis continued, noting that "Digimarc has a key role to play in the monetization process by proving the value of its inventions in various commercial initiatives."

"IV and Digimarc have continued to work together to pursue licensing customers for Digimarc's patent portfolio," said Ken Lustig, Vice President of Intellectual Ventures. "We have maintained a good business relationship and look forward to Digimarc's ongoing assistance in our licensing efforts."

Digimarc has received reports for licensing activity through December 2012. The activities did not result in profit participation and the settlement did not change this outcome. The generation of profits to share is a function of Digimarc's demonstration of value of the inventions and joint licensing efforts with IV. Digimarc is not yet in a position to project if, when, or how much profit participation it will receive. The next profit participation report is due in March 2014, covering 2013 licensing activities.

About Digimarc
Digimarc Corporation (NASDAQ: DMRC), based in Beaverton, Oregon, is a leading innovator and provider of enabling technologies that create digital identities for all forms of media and many everyday objects. The embedded digital IDs are imperceptible to humans, but not to computers, networks and devices like mobile phones, which can now use cameras and microphones as sensory inputs to "see, hear and understand" the world around them within the context of their environment. Digimarc has built an extensive intellectual property portfolio with patents in digital watermarking, content identification and management, media and object discovery to enable ubiquitous computing, and related technologies. Digimarc develops solutions, licenses its intellectual property, and provides development services to business partners across a range of industries. For more information, visit www.digimarc.com.

[ou71764]

It's a good presentation. I recommend it.

There are a lot of small companies that might have huge payoffs for investors in different sectors like tech, biotech, or natural resources. What makes Digimarc so appealing is that they have a technology that is now ready to go, with a partnership in place.

And yet they didn't go into debt or dilute to get here. So while we wait to see how fast they capture this market (based on the projected savings to big retailers it could be fast), there's little fear that we wake up to a PR about a secondary. Instead, DMRC pays a dividend.

Even though it was a better buy at 18 than 27, it's still a good speculation. But until there's more clarity on the adoption of the technology by retailers, the stock will be traded. I'd buy on dips and not chase it. But it should end the year significantly higher than where it is today.

[midastouch017]

Digimarc Chairman and CEO Bruce Davis is scheduled to present on Thursday, January 16 at 2:10 p.m. Eastern time. He will report on the launch of the Digimarc Barcode at the National Retail Show, scheduled for earlier in the same week, and provide a general update on strategy execution.

The presentation will be broadcast simultaneously and available for replay at http://wsw.com/webcast/needham64/DMRC, as well as in the investors section of Digimarc's website, at www.digimarc.com/investors.

[ou71764]

We're still under the radar. Bruce speaks tomorrow. If there's a PR to go with his presentation, tomorrow could be a big day.

[meltup]

DMRC imo could go to $100+. --orders for the scanning technology have HUGE potential with ONLY 7.3 M shs. outstanding. That equals possible HUGE EARNINGS PER SHARE . DMRC has many patents and a good balance sheet. WHO NEEDS DDD or SSYS?

[midastouch017]

Indeed! Hibernation period is over!!!

[meltup]

DMRC --imo COSTCO, SAM's CLUB, BJ's, most SUPERMARKETS and RETAIL STORES should be interested in the DMRC scanning Barcode technology.

[ou71764]

Also, very few shares outstanding. $100 is possible. But it won't happen until a major retailer signs on...which I'm hoping we'll hear on Thursday.