Digimarc Corp (NAS:DMRC)
$ 42.29 -1.17 (-2.69%) Market Cap: 907.20 Mil Enterprise Value: 878.98 Mil PE Ratio: 0 PB Ratio: 12.94 GF Score: 58/100
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Q3 2024 Digimarc Corp Earnings Call Transcript

Nov 14, 2024 / 10:00 PM GMT
Release Date Price: $30.12 (-4.26%)

Key Points

Positve
  • Digimarc Corp (DMRC) made significant progress in invention and market development, opening new areas of opportunity.
  • The company is involved in a transformational commercial deal that could revolutionize a massive industry.
  • Subscription revenue grew by 9% year-over-year, reflecting new customer contracts and upsells.
  • Service gross profit margin improved from 54% to 61% year-over-year due to a favorable change in labor mix.
  • The company expects gift cards to be a significant contributor to their 2025 revenue.
Negative
  • Q3 revenue was impacted by the delayed renewal of a significant commercial contract, resulting in no revenue being recognized from it.
  • ARR decreased by $900,000 due to the delayed contract, which was excluded from the ending ARR.
  • Operating expenses increased by 5% year-over-year, partly due to one-time severance costs and lower labor cost allocations.
  • Free cash flow usage was $7.3 million for the quarter, significantly higher than the previous year due to the timing of cash receipts.
  • The government service revenue declined year-over-year, reflecting timing issues and lower government service revenue.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DMRC.OQ - Digimarc Corp
Q3 2024 Digimarc Corp Earnings Call
Nov 14, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Digi Mark Corporation third quarter, 2024 earnings conference call.

At this time, all participants will be in listen-only mode.

A question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star then zero on your telephone keypad.

As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, George Karamanos. Please go ahead, sir.

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Unidentified_2 [2]
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