NASDAQ$DMRC
Digimarc Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2024.
Digimarc Corporation reported an increase in total revenue to $9.4 million, compared to $9.0 million for the third quarter of 2023. Subscription revenue increased, while service revenue remained flat. The net loss was $10.8 million, or ($0.50) per share.
- Annual recurring revenue decreased to $18.7 million compared to $19.6 million year-over-year.
- Subscription revenue increased to $5.3 million compared to $4.8 million year-over-year.
- Service revenue remained flat compared to the third quarter of 2023.
- Gross profit margin increased to 62% compared to 58% year-over-year.
Headline financials
Revenue & EPS history
Digimarc · Revenue · Quarterly
$9.44M
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
Q3 was the most significant quarter CEO Riley McCormack has witnessed since joining the company, with significant progress and new opportunities. Q3 revenue doesn’t reflect the reality just described, with a large gap between what lies ahead and what lies behind.
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 Q3 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% | — | — |
Discussion
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