Digimarc Corp - Understand $dmrc stock

$DMRC Market Cap: $735.4 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$39.04M

TTM

Gross Margin

62.75%

TTM

Net Earnings

-$40.94M

TTM

Current Assets

$44.79M

Q3 2024

Current Liabilities

$9.382M

Q3 2024

Current Ratio

477.45%

Q3 2024

Total Assets

$85.02M

Q3 2024

Total Liabilities

$14.86M

Q3 2024

Book Value

$70.16M

Q3 2024

Cash

$25.56M

Q3 2024

P/E

-17.96

Nov 29, 2024 EST

Free Cash Flow

-$28.30M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$34.85M	$30.20M	$26.52M	$23.99M	$22.99M	$21.19M	$25.21M	$12.67M	$22.19M	$25.66M	$34.96M	$44.38M	$36.04M	$31.15M	$19.07M	$19.78M	$13.03M	$11.07M	$11.12M
YoY Change	15.41%	13.87%	10.55%	4.36%	8.47%	-15.94%	99.02%	-42.91%	-13.52%	-26.62%	-21.21%	23.13%	15.7%	63.35%	-3.59%	51.8%	17.71%	-0.45%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$34.85M	$30.20M	$26.52M	$23.99M	$22.99M	$21.19M	$25.21M	$12.67M	$22.19M	$25.66M	$34.96M	$44.38M	$36.04M	$31.15M	$19.07M	$19.78M	$13.03M	$11.07M	$11.12M
Cost Of Revenue	$14.69M	$14.87M	$8.777M	$7.934M	$8.036M	$8.426M	$8.558M	$8.497M	$8.947M	$8.431M	$8.205M	$6.508M	$6.937M	$6.700M	$6.300M	$6.030M	$4.030M	$3.770M	$3.480M
Gross Profit	$20.17M	$15.32M	$17.74M	$16.06M	$14.95M	$12.77M	$16.66M	$13.30M	$13.24M	$17.23M	$26.76M	$37.87M	$29.10M	$24.45M	$12.77M	$13.76M	$8.990M	$7.300M	$7.640M
Gross Profit Margin	57.86%	50.74%	66.9%	66.93%	65.04%	60.24%	66.07%	104.97%	59.68%	67.14%	76.53%	85.33%	80.75%	78.49%	66.96%	69.57%	68.99%	65.94%	68.71%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Selling, General & Admin	$40.48M	$48.66M	$38.77M	$31.56M	$32.22M	$29.04M	$26.32M	$20.19M	$17.23M	$16.95M	$15.77M	$13.28M	$14.29M	$12.61M	$10.50M	$9.710M	$7.390M	$8.760M	$10.20M
YoY Change	-16.82%	25.53%	22.84%	-2.05%	10.96%	10.34%	30.37%	17.16%	1.67%	7.47%	18.7%	-7.05%	13.34%	20.1%	8.14%	31.39%	-15.64%	-14.12%
% of Gross Profit	200.74%	317.58%	218.49%	196.56%	215.5%	227.46%	158.01%	151.82%	130.11%	98.37%	58.93%	35.08%	49.11%	51.57%	82.22%	70.57%	82.2%	120.0%	133.51%
Research & Development	$26.58M	$26.49M	$17.54M	$17.31M	$16.47M	$15.97M	$15.44M	$13.39M	$12.47M	$13.71M	$12.27M	$8.741M	$7.327M	$5.690M	$4.990M	$3.840M	$2.910M	$2.450M	$3.210M
YoY Change	0.33%	51.01%	1.34%	5.1%	3.12%	3.47%	15.24%	7.45%	-9.09%	11.71%	40.42%	19.3%	28.77%	14.03%	29.95%	31.96%	18.78%	-23.68%
% of Gross Profit	131.8%	172.88%	98.87%	107.81%	110.16%	125.11%	92.67%	100.74%	94.13%	79.59%	45.87%	23.08%	25.18%	23.27%	39.08%	27.91%	32.37%	33.56%	42.02%
Depreciation & Amortization	$7.611M	$7.614M	$2.048M	$2.300M	$2.210M	$2.140M	$2.430M	$2.460M	$2.440M	$2.310M	$1.990M	$990.0K	$750.0K	$650.0K	$590.0K	$770.0K	$610.0K	$620.0K	$660.0K
YoY Change	-0.04%	271.78%	-10.96%	4.07%	3.27%	-11.93%	-1.22%	0.82%	5.63%	16.08%	101.01%	32.0%	15.38%	10.17%	-23.38%	26.23%	-1.61%	-6.06%
% of Gross Profit	37.74%	49.69%	11.54%	14.32%	14.78%	16.76%	14.59%	18.5%	18.43%	13.41%	7.44%	2.61%	2.58%	2.66%	4.62%	5.6%	6.79%	8.49%	8.64%
Operating Expenses	$68.37M	$77.13M	$56.31M	$48.87M	$48.68M	$46.29M	$43.22M	$35.22M	$31.22M	$32.45M	$29.17M	$23.27M	$22.71M	$18.30M	$15.34M	$13.27M	$10.31M	$11.21M	$13.41M
YoY Change	-11.36%	36.98%	15.22%	0.39%	5.16%	7.1%	22.73%	12.8%	-3.79%	11.24%	25.34%	2.47%	24.11%	19.3%	15.6%	28.71%	-8.03%	-16.41%
Operating Profit	-$48.21M	-$61.81M	-$38.57M	-$32.81M	-$33.73M	-$33.52M	-$26.57M	-$21.92M	-$17.98M	-$15.22M	-$2.412M	$14.59M	$6.389M	$6.150M	-$2.570M	$490.0K	-$1.320M	-$3.910M	-$5.770M
YoY Change	-22.01%	60.27%	17.53%	-2.72%	0.62%	26.2%	21.19%	21.93%	18.09%	531.14%	-116.53%	128.42%	3.89%	-339.3%	-624.49%	-137.12%	-66.24%	-32.24%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Interest Expense	$1.584M									$0.00	$0.00	-$1.110M	-$2.520M	-$1.940M	-$170.0K	$1.030M	$1.390M	$1.240M	$930.0K
YoY Change											-100.0%	-55.95%	29.9%	1041.18%	-116.5%	-25.9%	12.1%	33.33%
% of Operating Profit												-7.61%	-39.44%	-31.54%		210.2%
Other Income/Expense, Net	$2.452M	$2.108M	$29.00K	$277.0K	$910.0K	$1.060M	$590.0K	$260.0K	$110.0K	$60.00K	$110.0K	$180.0K
YoY Change	16.32%	7168.97%	-89.53%	-69.56%	-14.15%	79.66%	126.92%	136.36%	83.33%	-45.45%	-38.89%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Pretax Income	-$45.76M	-$59.70M	-$34.74M	-$32.54M	-$32.82M	-$32.47M	-$25.98M	-$21.66M	-$17.87M	-$15.17M	-$2.303M	$13.67M	$3.870M	$4.220M	-$2.730M	$1.510M	$80.00K	-$2.670M	-$4.840M
YoY Change	-23.36%	71.84%	6.78%	-0.86%	1.08%	24.98%	19.92%	21.23%	17.8%	558.62%	-116.85%	253.13%	-8.29%	-254.58%	-280.79%	1787.5%	-103.0%	-44.83%
Income Tax	$204.0K	$97.00K	$16.00K	$1.000K	-$21.00K	$39.00K	-$206.0K	$10.00K	$66.00K	$652.0K	-$1.796M	$5.394M	-$1.786M	$40.00K	$20.00K	$20.00K	$20.00K	$20.00K	$0.00
% Of Pretax Income												39.47%	-46.15%	0.95%		1.32%	25.0%
Net Earnings	-$45.96M	-$59.80M	-$34.76M	-$32.54M	-$32.84M	-$32.51M	-$25.77M	-$21.67M	-$17.93M	-$15.82M	-$507.0K	$8.272M	$5.656M	$4.170M	-$2.760M	$1.490M	$60.00K	-$2.690M	-$4.840M
YoY Change	-23.14%	72.04%	6.83%	-0.92%	1.03%	26.13%	18.91%	20.84%	13.36%	3020.32%	-106.13%	46.25%	35.64%	-251.09%	-285.23%	2383.33%	-102.23%	-44.42%
Net Earnings / Revenue	-131.87%	-198.03%	-131.07%	-135.63%	-142.86%	-153.39%	-102.23%	-171.09%	-80.82%	-61.66%	-1.45%	18.64%	15.69%	13.39%	-14.47%	7.53%	0.46%	-24.3%	-43.53%
Basic Earnings Per Share	-$2.26	-$3.12	-$2.11	-$3.41	-$2.79	-$2.86	-$2.44	-$2.36	-$2.19	-$2.22	-$0.10	$1.16	$0.84
Diluted Earnings Per Share	-$2.26	-$3.12	-$2.11	-$3.41	-$2.79	-$2.86	-$2.44	-$2.36	-$2.19	-$2.22	-$0.10	$1.12	$0.76	$547.2K	-$386.6K	$208.7K	$8.403K	-$376.8K	-$677.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$27.18M	$52.54M	$33.33M	$77.73M	$36.82M	$43.66M	$67.74M	$56.13M	$36.19M	$38.32M	$29.66M	$32.27M	$25.66M	$34.78M	$42.79M	$40.17M	$32.71M	$33.07M
YoY Change	-48.27%	57.66%	-57.13%	111.11%	-15.67%	-35.55%	20.68%	55.1%	-5.56%	29.2%	-8.09%	25.76%	-26.22%	-18.72%	6.52%	22.81%	-1.09%
Cash & Equivalents	$21.46M	$33.60M	$13.79M	$19.70M	$11.21M	$27.28M	$40.82M	$11.64M	$3.160M	$6.120M	$3.810M	$6.870M	$3.420M	$6.340M	$8.880M	$18.93M	$29.15M	$33.07M
Short-Term Investments	$5.726M	$18.94M	$19.54M	$58.03M	$25.60M	$16.38M	$26.92M	$44.50M	$33.03M	$32.20M	$25.85M	$25.40M	$22.24M	$28.44M	$33.90M	$21.24M	$3.570M	$0.00
Other Short-Term Assets	$4.085M	$6.172M	$2.316M	$2.200M	$2.460M	$2.100M	$2.170M	$1.700M	$1.490M	$2.610M	$1.660M	$1.020M	$1.310M	$1.350M	$870.0K	$880.0K	$390.0K	$310.0K
YoY Change	-33.81%	166.49%	5.27%	-10.57%	17.14%	-3.23%	27.65%	14.09%	-42.91%	57.23%	62.75%	-22.14%	-2.96%	55.17%	-1.14%	125.64%	25.81%
Inventory
Prepaid Expenses
Receivables	$5.813M	$5.427M	$6.368M	$3.910M	$4.020M	$3.890M	$6.400M	$5.080M	$4.620M	$4.550M	$5.840M	$4.220M	$3.500M	$3.480M	$3.570M	$3.840M	$3.750M	$2.440M
Other Receivables	$0.00	$0.00	$2.001M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$37.08M	$64.14M	$44.01M	$83.83M	$43.29M	$49.64M	$76.31M	$62.91M	$42.29M	$45.48M	$37.16M	$37.50M	$30.47M	$39.61M	$47.23M	$44.88M	$36.85M	$35.82M
YoY Change	-42.19%	45.74%	-47.5%	93.65%	-12.79%	-34.95%	21.3%	48.76%	-7.01%	22.39%	-0.91%	23.07%	-23.07%	-16.13%	5.24%	21.79%	2.88%
Property, Plant & Equipment	$5.587M	$7.110M	$4.175M	$5.070M	$5.910M	$3.960M	$4.240M	$3.570M	$3.010M	$2.980M	$2.400M	$1.450M	$1.400M	$1.330M	$1.110M	$1.210M	$1.230M	$1.470M
YoY Change	-21.42%	70.3%	-17.65%	-14.21%	49.24%	-6.6%	18.77%	18.6%	1.01%	24.17%	65.52%	3.57%	5.26%	19.82%	-8.26%	-1.63%	-16.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$8.292M				$0.00	$4.390M	$3.000M	$750.0K	$5.300M	$6.790M	$8.130M	$12.19M	$410.0K	$5.740M	$0.00
YoY Change		-100.0%					-100.0%	46.33%	300.0%	-85.85%	-21.94%	-16.48%	-33.31%	2873.17%	-92.86%
Other Assets	$786.0K	$1.127M	$673.0K	$410.0K	$400.0K	$430.0K	$330.0K	$330.0K	$340.0K	$380.0K	$4.520M	$3.760M	$2.990M	$460.0K	$430.0K	$150.0K	$370.0K	$360.0K
YoY Change	-30.26%	67.46%	64.15%	2.5%	-6.98%	30.3%	0.0%	-2.94%	-10.53%	-91.59%	20.21%	25.75%	550.0%	6.98%	186.67%	-59.46%	2.78%
Total Long-Term Assets	$43.47M	$49.64M	$20.87M	$13.20M	$14.10M	$12.15M	$12.06M	$15.83M	$14.07M	$11.94M	$20.04M	$19.83M	$15.32M	$16.16M	$3.250M	$7.560M	$1.600M	$1.840M
YoY Change	-12.42%	137.89%	58.07%	-6.38%	16.05%	0.75%	-23.82%	12.51%	17.84%	-40.42%	1.06%	29.44%	-5.2%	397.23%	-57.01%	372.5%	-13.04%
Total Assets	$80.55M	$113.8M	$64.88M	$97.03M	$57.39M	$61.79M	$88.37M	$78.74M	$56.36M	$57.42M	$57.20M	$57.33M	$45.79M	$55.77M	$50.48M	$52.44M	$38.45M	$37.66M
YoY Change
Accounts Payable	$6.090M	$5.050M	$3.982M	$2.160M	$1.610M	$1.090M	$1.910M	$1.520M	$1.660M	$1.380M	$1.560M	$1.140M	$950.0K	$1.520M	$1.040M	$940.0K	$460.0K	$380.0K
YoY Change	20.59%	26.82%	84.35%	34.16%	47.71%	-42.93%	25.66%	-8.43%	20.29%	-11.54%	36.84%	20.0%	-37.5%	46.15%	10.64%	104.35%	21.05%
Accrued Expenses	$582.0K	$939.0K	$745.0K	$660.0K	$660.0K							$0.00			$360.0K	$430.0K	$200.0K	$770.0K
YoY Change	-38.02%	26.04%	12.88%	0.0%											-16.28%	115.0%	-74.03%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00	$3.950M
YoY Change			-100.0%
Total Short-Term Liabilities	$12.53M	$10.13M	$7.716M	$9.780M	$5.440M	$4.320M	$5.040M	$4.450M	$4.680M	$5.040M	$5.780M	$3.660M	$3.610M	$4.080M	$3.730M	$3.780M	$3.400M	$2.770M
YoY Change	23.59%	31.34%	-21.1%	79.78%	25.93%	-14.29%	13.26%	-4.91%	-7.14%	-12.8%	57.92%	1.39%	-11.52%	9.38%	-1.32%	11.18%	22.74%
Long-Term Debt	$0.00	$0.00	$0.00	$1.120M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$6.100M	$6.053M	$1.780M	$2.300M	$2.490M	$850.0K	$990.0K	$960.0K	$230.0K	$200.0K	$500.0K	$670.0K	$460.0K	$530.0K	$100.0K	$260.0K	$220.0K	$290.0K
YoY Change	0.78%	240.06%	-22.61%	-7.63%	192.94%	-14.14%	3.13%	317.39%	15.0%	-60.0%	-25.37%	45.65%	-13.21%	430.0%	-61.54%	18.18%	-24.14%
Total Long-Term Liabilities	$6.100M	$6.053M	$1.780M	$3.420M	$2.490M	$850.0K	$990.0K	$960.0K	$230.0K	$200.0K	$500.0K	$670.0K	$460.0K	$530.0K	$100.0K	$260.0K	$220.0K	$290.0K
YoY Change	0.78%	240.06%	-47.95%	37.35%	192.94%	-14.14%	3.13%	317.39%	15.0%	-60.0%	-25.37%	45.65%	-13.21%	430.0%	-61.54%	18.18%	-24.14%
Total Liabilities	$18.63M	$16.19M	$9.496M	$13.19M	$7.940M	$5.170M	$6.020M	$5.400M	$4.910M	$5.240M	$6.270M	$4.330M	$4.080M	$4.610M	$3.820M	$4.040M	$3.610M	$3.070M
YoY Change	15.06%	70.46%	-28.01%	66.12%	53.58%	-14.12%	11.48%	9.98%	-6.3%	-16.43%	44.8%	6.13%	-11.5%	20.68%	-5.45%	11.91%	17.59%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	20.32M	19.14M	16.46M	12.91M	11.76M	11.36M	10.57M	9.188M	8.198M	7.187M	6.866M shares	6.757M shares	6.741M shares
Diluted Shares Outstanding	20.32M	19.14M	16.46M	12.91M	11.76M	11.36M	10.57M	9.188M	8.198M	7.187M	6.866M shares	6.989M shares	7.430M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $735.37 Million

About Digimarc CORP

Digimarc Corp. provides digital watermarking technology services. The company is headquartered in Beaverton, Oregon and currently employs 248 full-time employees. The firm offers a Digimarc Illuminate Platform, which is a software-as-a-service (SaaS) cloud-based platform for digital connectivity that provides the tools for the application of advanced digital watermarks and dynamic quick response (QR) codes, software (digital twins) that enables various systems and devices to interact with those data carriers, and a centralized platform for capturing insights about digital interactions and automating activities based on that information. Its Digimarc Validate protects product authenticity to ensure real products are in the right place. Its technology delivers covert digital watermarks and/or QR codes and a cloud-based record of product authentication information. Its Digimarc Engage unlocks an interactive communications channel connecting brands and consumers. Its Digimarc Recycle increases the recyclability of products and packaging through digital watermarks.

Industry: Services-Computer Integrated Systems Design Peers: Cipher Mining Inc. LiveVox Holdings, Inc. EGAIN Corp KALTURA INC NEXTNAV INC. Salesforce, Inc. WM TECHNOLOGY, INC. Upland Software, Inc. Viant Technology Inc. Weave Communications, Inc.