$DMRC
Digimarc CORP

2014 Q3 Form 10-Q Financial Statement

#000119312514381115 Filed on October 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $6.927M $7.425M
YoY Change -6.71% -16.6%
Cost Of Revenue $2.120M $1.955M
YoY Change 8.44% 33.27%
Gross Profit $4.807M $5.470M
YoY Change -12.12% -26.44%
Gross Profit Margin 69.4% 73.67%
Selling, General & Admin $4.182M $3.938M
YoY Change 6.2% 22.34%
% of Gross Profit 87.0% 71.99%
Research & Development $3.499M $3.277M
YoY Change 6.77% 41.25%
% of Gross Profit 72.79% 59.91%
Depreciation & Amortization $560.0K $520.0K
YoY Change 7.69% 147.62%
% of Gross Profit 11.65% 9.51%
Operating Expenses $8.047M $7.493M
YoY Change 7.39% 28.13%
Operating Profit -$3.240M -$2.023M
YoY Change 60.16% -227.39%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $30.00K
YoY Change -100.0% -40.0%
Pretax Income -$3.237M -$1.990M
YoY Change 62.66% -221.64%
Income Tax -$1.252M -$1.195M
% Of Pretax Income
Net Earnings -$1.985M -$795.0K
YoY Change 149.69% -179.26%
Net Earnings / Revenue -28.66% -10.71%
Basic Earnings Per Share -$0.28 -$0.12
Diluted Earnings Per Share -$0.28 -$0.12
COMMON SHARES
Basic Shares Outstanding 7.176M shares 6.860M shares
Diluted Shares Outstanding 7.176M shares 6.860M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.79M $33.01M
YoY Change -33.99% 8.48%
Cash & Equivalents $2.704M $5.079M
Short-Term Investments $19.08M $27.94M
Other Short-Term Assets $3.541M $1.507M
YoY Change 134.97% 13.31%
Inventory
Prepaid Expenses
Receivables $3.851M $5.117M
Other Receivables $0.00 $0.00
Total Short-Term Assets $29.18M $39.64M
YoY Change -26.39% 12.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.904M $2.472M
YoY Change 17.48% 85.86%
Goodwill $1.114M $1.114M
YoY Change 0.0%
Intangibles $6.836M $6.700M
YoY Change 2.03%
Long-Term Investments $2.950M $5.100M
YoY Change -42.16% -59.68%
Other Assets $410.0K $265.0K
YoY Change 54.72% -88.63%
Total Long-Term Assets $19.66M $18.87M
YoY Change 4.22% -5.11%
TOTAL ASSETS
Total Short-Term Assets $29.18M $39.64M
Total Long-Term Assets $19.66M $18.87M
Total Assets $48.84M $58.50M
YoY Change -16.52% 5.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.870M $1.480M
YoY Change 26.35% 76.19%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.721M $4.266M
YoY Change -12.78% 10.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $240.0K $410.0K
YoY Change -41.46% 2.5%
Total Long-Term Liabilities $241.0K $405.0K
YoY Change -40.49% 1.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.721M $4.266M
Total Long-Term Liabilities $241.0K $405.0K
Total Liabilities $3.962M $4.671M
YoY Change -15.18% 9.39%
SHAREHOLDERS EQUITY
Retained Earnings $1.063M $11.46M
YoY Change -90.72%
Common Stock $8.000K $7.000K
YoY Change 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.88M $53.83M
YoY Change
Total Liabilities & Shareholders Equity $48.84M $58.50M
YoY Change -16.52% 5.85%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$1.985M -$795.0K
YoY Change 149.69% -179.26%
Depreciation, Depletion And Amortization $560.0K $520.0K
YoY Change 7.69% 147.62%
Cash From Operating Activities -$1.860M -$1.480M
YoY Change 25.68% -212.98%
INVESTING ACTIVITIES
Capital Expenditures -$790.0K -$1.580M
YoY Change -50.0% 338.89%
Acquisitions
YoY Change
Other Investing Activities $2.550M $750.0K
YoY Change 240.0% -54.27%
Cash From Investing Activities $1.760M -$830.0K
YoY Change -312.05% -165.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -470.0K -910.0K
YoY Change -48.35% -34.06%
NET CHANGE
Cash From Operating Activities -1.860M -1.480M
Cash From Investing Activities 1.760M -830.0K
Cash From Financing Activities -470.0K -910.0K
Net Change In Cash -570.0K -3.220M
YoY Change -82.3% -368.33%
FREE CASH FLOW
Cash From Operating Activities -$1.860M -$1.480M
Capital Expenditures -$790.0K -$1.580M
Free Cash Flow -$1.070M $100.0K
YoY Change -1170.0% -94.01%

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