2017 Q4 Form 10-K Financial Statement

#000156459018002871 Filed on February 22, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $4.858M $8.677M $5.587M
YoY Change -6.22% 55.61% 2.38%
Cost Of Revenue $2.057M $2.072M $2.120M
YoY Change 0.29% -4.16% 1.24%
Gross Profit $2.801M $6.605M $3.467M
YoY Change -10.48% 93.47% 3.09%
Gross Profit Margin 57.66% 76.12% 62.05%
Selling, General & Admin $7.186M $6.517M $6.236M
YoY Change 37.01% 30.76% 29.06%
% of Gross Profit 256.55% 98.67% 179.87%
Research & Development $3.932M $4.108M $3.936M
YoY Change 15.0% 24.83% 16.48%
% of Gross Profit 140.38% 62.2% 113.53%
Depreciation & Amortization $630.0K $650.0K $590.0K
YoY Change 12.5% 14.04% -15.71%
% of Gross Profit 22.49% 9.84% 17.02%
Operating Expenses $11.12M $10.63M $10.17M
YoY Change 28.32% 22.56% 17.28%
Operating Profit -$8.662M -$4.407M -$7.050M
YoY Change 47.29% -16.14% 32.77%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $180.0K $170.0K $120.0K
YoY Change 80.0% 142.86% 200.0%
Pretax Income -$8.480M -$4.230M -$6.930M
YoY Change 46.71% -18.43% 31.55%
Income Tax -$10.64M $10.00K $10.00K
% Of Pretax Income
Net Earnings -$8.370M -$4.240M -$6.943M
YoY Change 45.41% -18.43% 31.42%
Net Earnings / Revenue -172.29% -48.86% -124.27%
Basic Earnings Per Share -$0.76 -$0.39 -$0.68
Diluted Earnings Per Share -$0.76 -$0.39 -$0.68
COMMON SHARES
Basic Shares Outstanding 11.05M 10.80M 10.27M
Diluted Shares Outstanding 11.05M 10.80M 10.27M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.74M $60.89M $67.76M
YoY Change 20.68% 11.79% 112.15%
Cash & Equivalents $40.82M $25.60M $34.24M
Short-Term Investments $26.92M $35.29M $33.51M
Other Short-Term Assets $2.171M $2.180M $1.860M
YoY Change 28.08% 13.54% 29.17%
Inventory
Prepaid Expenses
Receivables $6.404M $7.030M $3.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $76.31M $70.09M $73.51M
YoY Change 21.31% 18.98% 105.05%
LONG-TERM ASSETS
Property, Plant & Equipment $4.236M $4.270M $3.850M
YoY Change 18.66% 24.02% 22.22%
Goodwill $1.114M
YoY Change 0.0%
Intangibles $6.381M
YoY Change -0.64%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $326.0K $310.0K $280.0K
YoY Change -1.51% -21.32% -6.67%
Total Long-Term Assets $12.06M $12.07M $11.66M
YoY Change -23.83% -48.09% 5.62%
TOTAL ASSETS
Total Short-Term Assets $76.31M $70.09M $73.51M
Total Long-Term Assets $12.06M $12.07M $11.66M
Total Assets $88.37M $82.16M $85.17M
YoY Change 12.24% 0.0% 81.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.910M $2.070M $1.730M
YoY Change 25.66% 38.93% 16.11%
Accrued Expenses
YoY Change
Deferred Revenue $3.124M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.038M $3.790M $3.850M
YoY Change 13.32% 22.57% 5.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $990.0K $990.0K $1.030M
YoY Change 3.13% 4.21% 101.96%
Total Long-Term Liabilities $985.0K $990.0K $1.030M
YoY Change 3.03% 4.32% 101.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.038M $3.790M $3.850M
Total Long-Term Liabilities $985.0K $990.0K $1.030M
Total Liabilities $6.023M $4.780M $4.880M
YoY Change 11.5% 18.29% 17.31%
SHAREHOLDERS EQUITY
Retained Earnings -$73.51M
YoY Change 54.07%
Common Stock $12.00K
YoY Change 9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $82.35M $77.38M $80.29M
YoY Change
Total Liabilities & Shareholders Equity $88.37M $82.16M $85.17M
YoY Change 12.24% 0.0% 81.64%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$8.370M -$4.240M -$6.943M
YoY Change 45.41% -18.43% 31.42%
Depreciation, Depletion And Amortization $630.0K $650.0K $590.0K
YoY Change 12.5% 14.04% -15.71%
Cash From Operating Activities -$3.590M -$5.670M -$5.220M
YoY Change -26.28% 52.42% 70.59%
INVESTING ACTIVITIES
Capital Expenditures -$960.0K -$710.0K -$530.0K
YoY Change 118.18% -29.0% 10.42%
Acquisitions
YoY Change
Other Investing Activities $8.370M -$1.780M $9.540M
YoY Change -215.93% -90.77% 75.05%
Cash From Investing Activities $7.420M -$2.480M $9.000M
YoY Change -196.74% -87.77% 81.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.40M -490.0K 17.33M
YoY Change -2525.53% -101.25% -4226.19%
NET CHANGE
Cash From Operating Activities -3.590M -5.670M -5.220M
Cash From Investing Activities 7.420M -2.480M 9.000M
Cash From Financing Activities 11.40M -490.0K 17.33M
Net Change In Cash 15.23M -8.640M 21.11M
YoY Change -217.06% -157.22% 1316.78%
FREE CASH FLOW
Cash From Operating Activities -$3.590M -$5.670M -$5.220M
Capital Expenditures -$960.0K -$710.0K -$530.0K
Free Cash Flow -$2.630M -$4.960M -$4.690M
YoY Change -40.63% 82.35% 81.78%

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<div> <p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.62%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:5.24%;">The preparation of the consolidated financial statements in accordance with accounting principles generally accepted in the U.S. (&#8220;U.S. GAAP&#8221;) requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. The Company&#8217;s accounting policies for revenue recognition require higher degrees of judgment than others in their application. Management 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>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.62%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:5.24%;">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>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:2.62%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentrations of Business and Credit Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:5.24%;">A significant portion of the Company&#8217;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&#8217;s principal banks, Digimarc&#8217;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&#8217;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&#8217;s credit risk associated with cash and cash equivalents and marketable securities is believed to be minimal.</p></div>
CY2017 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
90 days or less
CY2017Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
39761000
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10881000
CY2017 dmrc Short Term Marketable Securities Maturity Description
ShortTermMarketableSecuritiesMaturityDescription
Over 90 days that mature in less than one-year
CY2017 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0
CY2017Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
66676000
CY2017Q4 dmrc Cash Equivalents And Marketable Securities Maturity Less Than One Year Fair Value
CashEquivalentsAndMarketableSecuritiesMaturityLessThanOneYearFairValue
66676000
CY2017Q4 dmrc Cash Equivalents And Marketable Securities Maturity Year One Through Five Year Fair Value
CashEquivalentsAndMarketableSecuritiesMaturityYearOneThroughFiveYearFairValue
0
CY2017Q4 dmrc Cash Equivalents And Marketable Securities Maturity Year Five Through Ten Year Fair Value
CashEquivalentsAndMarketableSecuritiesMaturityYearFiveThroughTenYearFairValue
0
CY2017Q4 dmrc Cash Equivalents And Marketable Securities Maturity More Than Ten Year Fair Value
CashEquivalentsAndMarketableSecuritiesMaturityMoreThanTenYearFairValue
0
CY2017 us-gaap Concentration Risk Credit Risk Financial Instruments
ConcentrationRiskCreditRiskFinancialInstruments
5% of its cash equivalents and marketable securities or $1,000, whichever is greater
CY2017Q4 dmrc Percentage Of Concentration Risk Credit Risk Financial Instruments Under Option One
PercentageOfConcentrationRiskCreditRiskFinancialInstrumentsUnderOptionOne
0.05
CY2017 dmrc Concentration Risk Credit Risk Financial Instruments Under Option Two
ConcentrationRiskCreditRiskFinancialInstrumentsUnderOptionTwo
1000000
CY2017 dmrc Credit Exposure Limits Of Cash And Cash Equivalents And Marketable Securities
CreditExposureLimitsOfCashAndCashEquivalentsAndMarketableSecurities
40% of its cash equivalents and marketable securities, or $15,000, whichever is greater
CY2017 dmrc Percentage Of Credit Exposure Limits Based On Cash And Cash Equivalents And Marketable Securities
PercentageOfCreditExposureLimitsBasedOnCashAndCashEquivalentsAndMarketableSecurities
0.40
CY2017 dmrc Credit Exposure Limits Of Cash And Cash Equivalents And Marketable Securities Under Option Two
CreditExposureLimitsOfCashAndCashEquivalentsAndMarketableSecuritiesUnderOptionTwo
15000000
CY2017 dmrc Purchase Price Allocation Adjustment Period Maximum
PurchasePriceAllocationAdjustmentPeriodMaximum
P1Y
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25771000
CY2017 dmrc Patent Term
PatentTerm
P17Y
CY2017 dmrc Period Of Revenue From Services
PeriodOfRevenueFromServices
P1M
CY2017 dmrc Subscription Revenue Term Minimum
SubscriptionRevenueTermMinimum
P1Y
CY2017 dmrc Subscription Revenue Term Maximum
SubscriptionRevenueTermMaximum
P3Y
CY2017 dmrc Standard Payment Terms For License Arrangements Minimum
StandardPaymentTermsForLicenseArrangementsMinimum
P30D
CY2017 dmrc Standard Payment Terms For License Arrangements Maximum
StandardPaymentTermsForLicenseArrangementsMaximum
P60D
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6757000
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5553000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5077000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6954000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5717000
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5251000
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13669000
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9728000
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9549000
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2015 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
-25771000
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
-21672000
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21672000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17934000
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0
CY2017 dmrc Undistributed Earnings Reallocated To Participating Securities
UndistributedEarningsReallocatedToParticipatingSecurities
0
CY2016 dmrc Undistributed Earnings Reallocated To Participating Securities
UndistributedEarningsReallocatedToParticipatingSecurities
0
CY2015 dmrc Undistributed Earnings Reallocated To Participating Securities
UndistributedEarningsReallocatedToParticipatingSecurities
0
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-25771000
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21672000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17934000
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187000
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
230000
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
6419000
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5093000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000
CY2017Q4 dmrc Unpaid Deferred Revenues Included In Accounts Receivable
UnpaidDeferredRevenuesIncludedInAccountsReceivable
2217000
CY2016Q4 dmrc Unpaid Deferred Revenues Included In Accounts Receivable
UnpaidDeferredRevenuesIncludedInAccountsReceivable
2245000
CY2017Q3 dmrc Revenue Recognized From Upfront License Fee
RevenueRecognizedFromUpfrontLicenseFee
3500000
CY2017 dmrc Payments Received In Number Of Equal Installments
PaymentsReceivedInNumberOfEqualInstallments
2
CY2017Q4 dmrc Upfront License Fee Accounts Receivable
UpfrontLicenseFeeAccountsReceivable
1750000
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1551000
CY2016Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1168000
CY2017Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3068000
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2146000
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
4390000
CY2016Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
4071000
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1720000
CY2016Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1617000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10729000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9002000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6493000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5432000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
992000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1023000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
848000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
804000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
828000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1070000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5565000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1312000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1022000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1045000
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2017Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
7978000
CY2016Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
7281000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10551000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4129000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
741000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
450000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
300000
CY2008Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2008Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
2447000
CY2016Q3 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
150000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
601000
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
111000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
490000
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
69000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
421000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
200000
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
106000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
331000
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
184000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.97
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 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 Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.73
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.64
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.06
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
30.50
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.17
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.13
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.16
CY2017Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageExercisePrice
30.50
CY2015Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
8.69
CY2014Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
8.42
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 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
7.25
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2016 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
6.75
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2016Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
9.01
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.58
CY2017 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
6.75
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2017Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
11.64
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5670000
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4634000
CY2017Q4 dmrc Share Based Compensation Arrangement By Share Based Payment Award Unvested Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardUnvestedOptionsOutstandingIntrinsicValue
1036000
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
9.64
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
30.50
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
515000
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y4M13D
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
25.13
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
331000
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
22.16
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
938000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
775000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
523000
CY2009Q2 dmrc Number Of Joint Ventures
NumberOfJointVentures
2
dmrc Related Party Transaction License Income
RelatedPartyTransactionLicenseIncome
18750000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2017 dmrc Tax Cuts And Jobs Act Of2017 Change In Valuation Allowance
TaxCutsAndJobsActOf2017ChangeInValuationAllowance
10529000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
30000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-11000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
49000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
21000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
19000
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0.58
CY2016Q4 dmrc Subscription Revenue Gross Profit Percentage
SubscriptionRevenueGrossProfitPercentage
0.61
CY2016Q1 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.89
CY2016Q2 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.88
CY2016Q3 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.88
CY2016Q4 dmrc License Revenue Gross Profit Percentage
LicenseRevenueGrossProfitPercentage
0.85
CY2016Q1 dmrc Gross Profit Percentage
GrossProfitPercentage
0.61
CY2016Q2 dmrc Gross Profit Percentage
GrossProfitPercentage
0.62
CY2016Q3 dmrc Gross Profit Percentage
GrossProfitPercentage
0.61
CY2016Q4 dmrc Gross Profit Percentage
GrossProfitPercentage
0.60
CY2016Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2955000
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2856000
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2945000
CY2016Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3132000
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3305000
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3379000
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3291000
CY2016Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3419000
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2170000
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1976000
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2039000
CY2016Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2113000
CY2016Q1 dmrc Intellectual Property Expense
IntellectualPropertyExpense
434000
CY2016Q2 dmrc Intellectual Property Expense
IntellectualPropertyExpense
462000
CY2016Q3 dmrc Intellectual Property Expense
IntellectualPropertyExpense
394000
CY2016Q4 dmrc Intellectual Property Expense
IntellectualPropertyExpense
346000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-5474000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5310000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5255000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-5881000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-5435000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-5283000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-5198000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-5756000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.64
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8533000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8587000
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9506000
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10111000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8533000
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8587000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9506000
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10111000

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