NASDAQ$DMRC
Digimarc Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Digimarc's financial performance improved in Q2 2024, marked by a 44% increase in annual recurring revenue and an expansion of the subscription gross profit margin to 89%.
Digimarc Corporation reported an increase in total revenue to $10.4 million for Q2 2024, compared to $8.7 million for Q2 2023. The company's annual recurring revenue increased by 44%. Net loss decreased to $9.3 million, or ($0.43) per share, compared to $10.6 million, or ($0.53) per share, for the same quarter last year.
- Annual recurring revenue increased 44% year-over-year to $23.9 million as of June 30, 2024.
- Subscription revenue increased to $6.4 million, compared to $4.7 million in Q2 2023.
- Gross profit margin increased to 66% compared to 56% for the second quarter of 2023.
- Cash, cash equivalents, and marketable securities totaled $41.5 million as of June 30, 2024.
Headline financials
Revenue & EPS history
Digimarc · Revenue · Quarterly
$10.4M
Revenue by segment
Digimarc · $9M total across 2 segments · Q3 2023
- Subscription$4.8M+17.5%53.3%
- Service$4.2M+12.4%46.7%
Forward guidance
Digimarc anticipates significant impacts in the second half of the year and beyond, driven by developments expected to unlock substantial total addressable markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+0.2%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.1%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+60.9%
Q1 2019
Best reaction
-43.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +19.4% | +4.4% | — | |
| Q4 2025 | +18.6% | +10.9% | +0.5% | |
| Q3 2025 | +6.8% | -3.2% | -14.2% | |
| Q1 2025 | -8.9% | -8.2% | +0.5% | |
| Q4 2024 | -43.1% | -45.3% | -51.0% | |
| Q3 2024 | -13.6% | +2.9% | +10.0% | |
| Q2 2024 | -14.8% | -8.1% | +1.3% | |
| Q1 2024 | +4.8% | +5.3% | +23.0% | |
| Q4 2023 | -15.9% | -18.9% | -34.8% | |
| Q3 2023 | +1.0% | +7.6% | +18.4% | |
| Q2 2023 | +18.4% | +19.4% | +14.4% | |
| Q1 2023 | +31.5% | +42.4% | +50.2% | |
| Q4 2022 | -4.5% | +3.6% | -3.6% | |
| Q3 2022 | +19.9% | +44.7% | +46.8% | |
| Q2 2022 | +9.5% | +17.6% | +5.6% | |
| Q1 2022 | -6.9% | -8.8% | -16.4% | |
| Q4 2021 | -16.3% | -22.7% | -9.7% | |
| Q3 2021 | -3.7% | -7.1% | -16.0% | |
| Q2 2021 | +8.9% | +6.8% | +19.2% | |
| Q1 2021 | -0.3% | -16.2% | -9.0% | |
| Q4 2020 | -16.7% | -6.9% | -22.1% | |
| Q3 2020 | +13.3% | +2.7% | +39.5% | |
| Q2 2020 | -0.9% | +14.6% | +18.6% | |
| Q1 2020 | -0.1% | -1.6% | +2.5% | |
| Q4 2019 | -19.1% | -23.0% | -53.2% | |
| Q3 2019 | -15.4% | -18.6% | -23.1% | |
| Q2 2019 | +14.0% | +12.2% | -9.7% | |
| Q1 2019 | +60.9% | +84.4% | +76.4% | |
| Q4 2018 | +18.8% | +23.5% | +30.1% | |
| Q3 2018 | -4.5% | -23.1% | -25.0% | |
| Q2 2018 | -5.6% | -5.1% | -1.8% | |
| Q1 2018 | -0.8% | +11.0% | +11.0% | |
| Q4 2017 | -15.8% | -15.8% | -19.3% | |
| Q3 2017 | +4.0% | +5.2% | +13.0% | |
| Q2 2017 | +1.0% | +3.8% | -6.1% | |
| Q1 2017 | -1.3% | -3.4% | +21.1% | |
| Q4 2016 | +3.3% | +1.8% | -3.1% | |
| Q3 2016 | -4.2% | +0.2% | -4.5% | |
| Q2 2016 | -6.1% | -1.8% | -0.2% | |
| Q1 2016 | +8.2% | — | — | |
| Q4 2015 | +5.2% | — | — | |
| Q3 2015 | -27.5% | — | — | |
| Q2 2015 | +16.5% | — | — | |
| Q1 2015 | +1.3% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +5.6% | — | — | |
| Q2 2014 | +2.6% | — | — | |
| Q1 2014 | -9.6% | — | — | |
| Q4 2013 | -3.3% | — | — | |
| Q3 2013 | -6.4% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +12.4% | — | — | |
| Q4 2012 | -11.4% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -11.4% | — | — | |
| Q1 2011 | -13.0% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2009 | +1.0% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q4 2010 | +2.4% | — | — | |
| Q2 2011 | +2.4% | — | — | |
| Q2 2010 | +2.4% | — | — |
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