2015 Q4 Form 10-K Financial Statement

#000119312516478031 Filed on February 25, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $5.016M $22.19M $5.863M
YoY Change -14.45% -13.52% -14.11%
Cost Of Revenue $1.984M $8.947M $2.213M
YoY Change -10.35% 6.12% 10.87%
Gross Profit $3.032M $13.24M $3.650M
YoY Change -16.93% -23.13% -24.43%
Gross Profit Margin 60.45% 59.68% 62.25%
Selling, General & Admin $4.699M $17.23M $4.086M
YoY Change 15.0% 1.67% -8.32%
% of Gross Profit 154.98% 130.11% 111.95%
Research & Development $3.120M $12.47M $3.262M
YoY Change -4.35% -9.09% -5.45%
% of Gross Profit 102.9% 94.13% 89.37%
Depreciation & Amortization $720.0K $2.440M $680.0K
YoY Change 5.88% 5.63% 23.64%
% of Gross Profit 23.75% 18.43% 18.63%
Operating Expenses $7.819M $31.22M $7.348M
YoY Change 6.41% -3.79% -7.07%
Operating Profit -$5.287M -$17.98M -$4.204M
YoY Change 25.76% 18.09% 24.01%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $30.00K $110.0K $10.00K
YoY Change 200.0% 83.33% -66.67%
Pretax Income -$5.260M -$17.87M -$4.200M
YoY Change 25.24% 17.8% 25.0%
Income Tax $40.00K $66.00K $4.970M
% Of Pretax Income
Net Earnings -$5.303M -$17.93M -$9.169M
YoY Change -42.16% 13.36% 613.54%
Net Earnings / Revenue -105.72% -80.82% -156.39%
Basic Earnings Per Share -$0.62 -$2.19 -$1.23
Diluted Earnings Per Share -$0.62 -$2.19 -$1.23
COMMON SHARES
Basic Shares Outstanding 8.485M 8.198M 7.453M shares
Diluted Shares Outstanding 8.485M 8.198M 7.453M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.19M $36.19M $38.32M
YoY Change -5.56% -5.56% 29.2%
Cash & Equivalents $3.160M $3.160M $6.122M
Short-Term Investments $33.03M $33.03M $32.20M
Other Short-Term Assets $1.487M $1.490M $2.611M
YoY Change -43.05% -42.91% 57.48%
Inventory
Prepaid Expenses
Receivables $4.616M $4.620M $4.545M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $42.29M $42.29M $45.48M
YoY Change -7.01% -7.01% 22.39%
LONG-TERM ASSETS
Property, Plant & Equipment $3.010M $3.010M $2.976M
YoY Change 1.14% 1.01% 24.26%
Goodwill $1.114M $1.114M
YoY Change 0.0% 0.0%
Intangibles $6.613M $6.720M
YoY Change -1.59% 0.16%
Long-Term Investments $3.000M $3.000M $750.0K
YoY Change 300.0% 300.0% -85.85%
Other Assets $338.0K $340.0K $378.0K
YoY Change -10.58% -10.53% -33.68%
Total Long-Term Assets $14.07M $14.07M $11.94M
YoY Change 17.9% 17.84% -40.43%
TOTAL ASSETS
Total Short-Term Assets $42.29M $42.29M $45.48M
Total Long-Term Assets $14.07M $14.07M $11.94M
Total Assets $56.36M $56.36M $57.42M
YoY Change -1.83% -1.85% 0.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.660M $1.660M $1.380M
YoY Change 20.29% 20.29% -11.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.680M $4.680M $5.039M
YoY Change -7.12% -7.14% -12.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $230.0K $230.0K $200.0K
YoY Change 15.0% 15.0% -60.0%
Total Long-Term Liabilities $226.0K $230.0K $203.0K
YoY Change 11.33% 15.0% -59.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.680M $4.680M $5.039M
Total Long-Term Liabilities $226.0K $230.0K $203.0K
Total Liabilities $4.906M $4.910M $5.242M
YoY Change -6.41% -6.3% -16.45%
SHAREHOLDERS EQUITY
Retained Earnings -$26.04M -$8.106M
YoY Change 221.24% -186.53%
Common Stock $9.000K $8.000K
YoY Change 12.5% 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.46M $51.46M $52.17M
YoY Change
Total Liabilities & Shareholders Equity $56.36M $56.36M $57.42M
YoY Change -1.83% -1.85% 0.38%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$5.303M -$17.93M -$9.169M
YoY Change -42.16% 13.36% 613.54%
Depreciation, Depletion And Amortization $720.0K $2.440M $680.0K
YoY Change 5.88% 5.63% 23.64%
Cash From Operating Activities -$2.710M -$9.740M -$820.0K
YoY Change 230.49% 44.73% -31.67%
INVESTING ACTIVITIES
Capital Expenditures -$720.0K $1.218M -$660.0K
YoY Change 9.09% -12.94% 73.68%
Acquisitions
YoY Change
Other Investing Activities -$4.450M -$3.080M -$10.92M
YoY Change -59.25% 71.11% -680.85%
Cash From Investing Activities -$5.160M -$5.190M -$11.58M
YoY Change -55.44% 18.22% -877.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.443M
YoY Change -117.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -410.0K 11.97M 15.82M
YoY Change -102.59% -10.87% -1107.64%
NET CHANGE
Cash From Operating Activities -2.710M -9.740M -820.0K
Cash From Investing Activities -5.160M -5.190M -11.58M
Cash From Financing Activities -410.0K 11.97M 15.82M
Net Change In Cash -8.280M -2.960M 3.420M
YoY Change -342.11% -228.14% -367.19%
FREE CASH FLOW
Cash From Operating Activities -$2.710M -$9.740M -$820.0K
Capital Expenditures -$720.0K $1.218M -$660.0K
Free Cash Flow -$1.990M -$10.96M -$160.0K
YoY Change 1143.75% 34.8% -80.49%

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40000000
CY2015Q4 us-gaap Goodwill
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3160000
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274000
CY2015Q4 us-gaap Property Plant And Equipment Gross
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2322000
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826000
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167000
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4000000
CY2015Q4 dmrc Percentage Of Concentration Risk Credit Risk Financial Instruments Under Option One
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35428000
CY2015Q4 dmrc Cash Equivalents And Marketable Securities Maturity Year Five Through Ten Year Fair Value
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0
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12551000
CY2015Q4 dmrc State Tax Credit Carry Forward Research And Experimental
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907000
CY2015Q4 dmrc Unpaid Deferred Revenues Included In Accounts Receivable
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CY2015Q4 dmrc Federal Tax Credit Carry Forward Research And Experimental
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3407000
CY2015Q4 dmrc Capitalized Legal Patent Costs
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6779000
CY2015Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
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CY2015Q4 dmrc Cash Equivalents And Marketable Securities Maturity More Than Ten Year Fair Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
8.69
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597 Patents
CY2010Q4 dmrc Number Of Patents Application Allowed To Sublicense
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288 Patents
dmrc Related Party Transaction License Income
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18750000
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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3473000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.13 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2013 us-gaap Common Stock Dividends Per Share Declared
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0.44
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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6866000 shares
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0 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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9.64
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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6866000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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42000 shares
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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45000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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0.78 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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14.99
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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1644000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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201000
CY2013 us-gaap Payments To Acquire Marketable Securities
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54590000
CY2013 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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-696000
CY2013 us-gaap Subscription Revenue
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5591000
CY2013 us-gaap Revenues
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34964000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4639000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0
CY2013 us-gaap Payments Of Dividends
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3202000
CY2013 us-gaap Payments To Acquire Intangible Assets
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1098000
CY2013 us-gaap Payments For Repurchase Of Common Stock
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1822000
CY2013 us-gaap Sales Revenue Services Net
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11631000
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CY2013 us-gaap Increase Decrease In Other Operating Assets
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342000
CY2013 us-gaap Licenses Revenue
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17742000
CY2013 us-gaap Gross Profit
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26759000
CY2013 us-gaap Increase Decrease In Accounts Receivable
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1667000
CY2013 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
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190000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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855000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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0
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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6000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013 us-gaap Investment Income Interest
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109000
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
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918000
CY2013 us-gaap Income Taxes Paid Net
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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404000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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105000
CY2013 us-gaap Income Tax Expense Benefit
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-1796000
CY2013 us-gaap License Costs
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387000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
4502000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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4639000
CY2013 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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0
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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396000
CY2013 us-gaap Distributed Earnings
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3202000
CY2013 us-gaap Preferred Stock Dividends And Other Adjustments
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189000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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-204000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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3000
CY2013 us-gaap Current Foreign Tax Expense Benefit
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5000
CY2013 us-gaap Increase Decrease In Deferred Revenue
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1694000
CY2013 us-gaap Selling And Marketing Expense
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6144000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
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19000
CY2013 us-gaap Lease And Rental Expense
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925000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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0
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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187000
CY2013 us-gaap Operating Expenses
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29171000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-4823000
CY2013 us-gaap Research And Development Expense
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12274000
CY2013 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0
CY2013 us-gaap Cost Of Services
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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1000
CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2013 us-gaap Stock Repurchased And Retired During Period Value
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1822000
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9624000
CY2013 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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124000
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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201000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1247000
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137000
CY2013 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0
CY2013 us-gaap Dividends Cash
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3202000
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3013000
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1196000
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742000
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55627000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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0
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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2491000
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1399000
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10000 shares
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217000 shares
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CY2013 us-gaap Cost Of Revenue
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CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-301000
CY2013 dmrc Undistributed Earnings Loss Allocated To Common Shareholders
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CY2013 dmrc Intellectual Property Expense
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1129000
CY2013 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
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6.30
CY2014 us-gaap Payments To Acquire Marketable Securities
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CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2014 us-gaap Common Stock Dividends Per Share Declared
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0 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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10.48
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7187000 shares
CY2013 dmrc Undistributed Earnings Reallocated To Participating Securities
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0
CY2013 dmrc Undistributed Earnings Loss
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CY2013 dmrc Property And Equipment And Patent Costs Included In Accounts Payable
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CY2014 us-gaap Income Taxes Paid Net
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263000
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.04 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.05 pure
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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0
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
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202000 shares
CY2014 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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9.84
CY2014 us-gaap Net Income Loss
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CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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-15921000
CY2014 us-gaap Subscription Revenue
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6203000
CY2014 us-gaap Revenues
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25658000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5580000
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0
CY2014 us-gaap Payments Of Dividends
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1654000
CY2014 us-gaap Payments To Acquire Intangible Assets
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1190000
CY2014 us-gaap Stock Issued During Period Value New Issues
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15989000
CY2014 us-gaap Payments For Repurchase Of Common Stock
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2392000
CY2014 us-gaap Sales Revenue Services Net
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11727000
CY2014 us-gaap Operating Income Loss
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CY2014 us-gaap Increase Decrease In Other Operating Assets
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1028000
CY2014 us-gaap Licenses Revenue
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7728000
CY2014 us-gaap Gross Profit
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17227000
CY2014 us-gaap Increase Decrease In Accounts Receivable
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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29000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2014 us-gaap Investment Income Interest
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55000
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
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563000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2014 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2014 us-gaap Depreciation And Amortization
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974000
CY2014 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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78174000
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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5580000
CY2014 us-gaap Selling And Marketing Expense
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7974000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
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158000
CY2014 us-gaap Lease And Rental Expense
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951000
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58000
CY2014 us-gaap Income Tax Expense Benefit
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652000
CY2014 us-gaap License Costs
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334000
CY2014 us-gaap Share Based Compensation
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5403000
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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511000
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1654000
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101000
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3516000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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508000
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6000
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5000
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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2311000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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6916000
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32450000
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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13430000
CY2014 us-gaap Research And Development Expense
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13711000
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0
CY2014 us-gaap Cost Of Services
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5077000
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4024000
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CurrentStateAndLocalTaxExpenseBenefit
1000
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1487000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5403000
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StockRepurchasedAndRetiredDuringPeriodValue
2392000
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GeneralAndAdministrativeExpense
8972000
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IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-635000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3378000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3372000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5159000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1340000
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
177000
CY2014 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2014 us-gaap Dividends Cash
DividendsCash
1654000
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1553000
CY2014 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1047000
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0
CY2014 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2085000
CY2014 us-gaap Cost Of Goods Sold Subscription
CostOfGoodsSoldSubscription
3020000
CY2014 us-gaap Cost Of Revenue
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8431000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-700000
CY2014 dmrc Undistributed Earnings Loss Allocated To Common Shareholders
UndistributedEarningsLossAllocatedToCommonShareholders
-17474000
CY2014 dmrc Intellectual Property Expense
IntellectualPropertyExpense
1793000
CY2014 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
6.48
CY2014 dmrc Undistributed Earnings Reallocated To Participating Securities
UndistributedEarningsReallocatedToParticipatingSecurities
0
CY2014 dmrc Proceeds From Payments For Issuance Of Common Stock
ProceedsFromPaymentsForIssuanceOfCommonStock
15989000
CY2014 dmrc Undistributed Earnings Loss
UndistributedEarningsLoss
-17474000
CY2014 dmrc Property And Equipment And Patent Costs Included In Accounts Payable
PropertyAndEquipmentAndPatentCostsIncludedInAccountsPayable
140000
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.19
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-9740000
CY2015 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
30.01
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y26D
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
230000 shares
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001438231
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2015 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
9.64
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01 pure
CY2015 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
90 days or less
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y26D
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 31px; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i>Concentrations of Business and Credit Risk</i></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> A significant portion of the Company&#x2019;s business depends on a limited number of large contracts. The loss of any large contract may result in loss of revenue and margin on a prospective basis. Financial instruments that potentially subject Digimarc to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, and accounts receivable. Digimarc places its cash and cash equivalents with major banks and financial institutions and at times deposits may exceed insured limits. Other than cash used for operating needs, which may include short-term marketable securities with the Company&#x2019;s principal banks, Digimarc&#x2019;s investment policy limits its credit exposure to any one financial institution or type of financial instrument by limiting the maximum of 5% of its cash equivalents and marketable securities or $1,000, whichever is greater, to be invested in any one issuer except for the U.S. government, U.S. federal agencies and U.S. backed securities, which have no limits, at the time of purchase. The Company&#x2019;s investment policy also limits its credit exposure by limiting the maximum of 40% of its cash equivalents and marketable securities, or $15,000, whichever is greater, to be invested in any one industry category, (e.g., financial or energy industries), at the time of purchase. As a result, Digimarc&#x2019;s credit risk associated with cash and cash equivalents and marketable securities is believed to be minimal.</p> </div>
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.45 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.05 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07 pure
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Registrant Name
EntityRegistrantName
Digimarc CORP
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8198000 shares
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Reclassifications</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Certain prior period amounts in the accompanying consolidated financial statements and notes thereto have been reclassified to conform to current period presentation. These reclassifications had no material effect on the results of operations or financial position for any period presented.</p> </div>
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.61
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8198000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the consolidated financial statements in accordance with accounting principles generally accepted in the U.S. requires Digimarc to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Certain of the Company&#x2019;s accounting policies require higher degrees of judgment than others in their application. These include revenue recognition, goodwill, impairment of long-lived assets, contingencies and income taxes. Digimarc bases its estimates on historical experience and on other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</p> </div>
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
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111000 shares
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AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-7000
CY2015 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75 pure
CY2015 dei Trading Symbol
TradingSymbol
DMRC
CY2015 us-gaap Concentration Risk Credit Risk Financial Instruments
ConcentrationRiskCreditRiskFinancialInstruments
5% of its cash equivalents and marketable securities or $1,000, whichever is greater
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.19
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
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PaymentsToAcquirePropertyPlantAndEquipment
1218000
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PaymentsToAcquireMarketableSecurities
113105000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-17934000
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StockIssuedDuringPeriodValueStockOptionsExercised
1514000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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-17934000
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6377000
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22189000
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5251000
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0
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PaymentsToAcquireIntangibleAssets
895000
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12896000
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2443000
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LicenseAndServicesRevenue
36000000
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SalesRevenueServicesNet
12517000
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OperatingIncomeLoss
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IncreaseDecreaseInOtherOperatingAssets
-1124000
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3295000
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13242000
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64000
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0
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
45000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-17868000
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
109000
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
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917000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1233000
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NetIncomeLossAvailableToCommonStockholdersDiluted
-17934000
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IncreaseDecreaseInOtherOperatingCapitalNet
-40000
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
74000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66000
CY2015 us-gaap License Costs
LicenseCosts
346000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
5077000
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5251000
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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523000
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IncomeTaxReconciliationChangeInEnactedTaxRate
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4000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
19000
CY2015 us-gaap Increase Decrease In Deferred Revenue
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-534000
CY2015 us-gaap Selling And Marketing Expense
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9275000
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234000
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LeaseAndRentalExpense
1045000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015 dmrc Patent Term
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P17Y
CY2015 dmrc Concentration Risk Credit Risk Financial Instruments Under Option Two
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1000000
CY2015 dmrc Short Term Marketable Securities Maturity Description
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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8132000
CY2015 us-gaap Operating Expenses
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31219000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5189000
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0
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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11967000
CY2015 us-gaap Research And Development Expense
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12465000
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0
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5488000
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49000
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1514000
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2443000
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7954000
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125000
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66000
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-6081000
CY2015 us-gaap Amortization Of Intangible Assets
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1196000
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174000
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0
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722000
CY2015 us-gaap Depreciation And Amortization
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1237000
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110029000
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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0
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0
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3113000
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P20Y
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P1Y
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IntellectualPropertyExpense
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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SubscriptionRevenue
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CY2014Q2 us-gaap Revenues
Revenues
5663000
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2716000
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OperatingIncomeLoss
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EarningsPerShareDiluted
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WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
-0.50
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NetIncomeLoss
-4012000
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SubscriptionRevenue
1670000
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Revenues
5798000
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SalesRevenueServicesNet
3235000
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OperatingIncomeLoss
-4045000
CY2015Q2 us-gaap Licenses Revenue
LicensesRevenue
893000
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GrossProfit
3349000
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2098000
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3025000
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GeneralAndAdministrativeExpense
1980000
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CostOfRevenue
2449000
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LicenseRevenueGrossProfitPercentage
0.90 pure
CY2015Q2 dmrc Gross Profit Percentage
GrossProfitPercentage
0.58 pure
CY2015Q2 dmrc Subscription Revenue Gross Profit Percentage
SubscriptionRevenueGrossProfitPercentage
0.48 pure
CY2015Q2 dmrc Intellectual Property Expense
IntellectualPropertyExpense
291000
CY2015Q2 dmrc Service Revenue Gross Profit Percentage
ServiceRevenueGrossProfitPercentage
0.54 pure
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7176000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7176000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-1985000
CY2014Q3 us-gaap Subscription Revenue
SubscriptionRevenue
1452000
CY2014Q3 us-gaap Revenues
Revenues
6927000
CY2014Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3155000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3240000
CY2014Q3 us-gaap Licenses Revenue
LicensesRevenue
2320000
CY2014Q3 us-gaap Gross Profit
GrossProfit
4807000
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1999000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3499000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2014Q3 us-gaap Cost Of Revenue
CostOfRevenue
2120000
CY2014Q3 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.96 pure
CY2014Q3 dmrc Gross Profit Percentage
GrossProfitPercentage
0.69 pure
CY2014Q3 dmrc Subscription Revenue Gross Profit Percentage
SubscriptionRevenueGrossProfitPercentage
0.44 pure
CY2014Q3 dmrc Intellectual Property Expense
IntellectualPropertyExpense
366000
CY2014Q3 dmrc Service Revenue Gross Profit Percentage
ServiceRevenueGrossProfitPercentage
0.61 pure
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2015Q3 us-gaap Subscription Revenue
SubscriptionRevenue
1561000
CY2015Q3 us-gaap Revenues
Revenues
5386000
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3072000
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CY2015Q3 us-gaap Licenses Revenue
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CY2015Q3 us-gaap Gross Profit
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CY2015Q4 dmrc Gross Profit Percentage
GrossProfitPercentage
0.60 pure
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SubscriptionRevenueGrossProfitPercentage
0.52 pure
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IntellectualPropertyExpense
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GrossProfitPercentage
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CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q4 us-gaap Subscription Revenue
SubscriptionRevenue
1843000
CY2014Q4 us-gaap Revenues
Revenues
5863000
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SalesRevenueServicesNet
2868000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q4 us-gaap Licenses Revenue
LicensesRevenue
1152000
CY2014Q4 us-gaap Gross Profit
GrossProfit
3650000
CY2014Q4 us-gaap Selling And Marketing Expense
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2044000
CY2014Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CostOfRevenue
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CY2014Q4 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.93 pure
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GrossProfitPercentage
0.62 pure
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SubscriptionRevenueGrossProfitPercentage
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IntellectualPropertyExpense
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CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8485000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8485000 shares
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2015Q4 us-gaap Subscription Revenue
SubscriptionRevenue
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CY2015Q4 us-gaap Revenues
Revenues
5016000
CY2015Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2709000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q4 us-gaap Licenses Revenue
LicensesRevenue
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CY2015Q4 us-gaap Gross Profit
GrossProfit
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CY2015Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2015Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2015Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2015Q4 us-gaap Cost Of Revenue
CostOfRevenue
1984000
CY2015Q4 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.90 pure
CY2015Q4 dmrc Service Revenue Gross Profit Percentage
ServiceRevenueGrossProfitPercentage
0.55 pure

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