Digimarc Corporation (DMRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 8500 SW CREEKSIDE PLACE
BEAVERTON, OR 97008
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:5341,61877,72836,81743,65667,738
Cash and cash equivalents33,59813,78919,69611,21327,27840,823
Short-term investments18,94419,53758,03225,60416,37826,915
Other undisclosed cash, cash equivalents, and short-term investments (52,489)8,292    
Receivables5,4278,3693,9074,0213,8886,404
Other current assets6,1722,3162,1972,4562,1002,171
Other undisclosed current assets 52,489(8,292)    
Total current assets:64,14144,01183,83243,29449,64476,313
Noncurrent Assets
Operating lease, right-of-use asset4,7201,300  
Property, plant and equipment2,3902,8753,2723,6503,9554,236
Long-term investments and receivables  186    
Accounts and financing receivable, after allowance for credit loss  186    
Intangible assets, net (including goodwill)41,3997,7257,7267,7847,7637,495
Goodwill8,2291,1141,1141,1141,1141,114
Intangible assets, net (excluding goodwill)33,1706,6116,6126,6706,6496,381
Other noncurrent assets1,1271,9732,1982,660425326
Other undisclosed noncurrent assets  6,806    
Total noncurrent assets:49,63620,86513,19614,09412,14312,057
TOTAL ASSETS:113,77764,87697,02857,38861,78788,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,9894,7272,8272,2721,0921,914
Other undisclosed accounts payable and accrued liabilities5,9894,7272,8272,2721,0921,914
Deferred revenue4,1452,9893,0023,172
Debt   3,947   
Deferred revenue and credits3,124
Contract with customer, liability3,226
Total current liabilities:10,1347,7169,7765,4444,3185,038
Noncurrent Liabilities
Long-term debt and lease obligation  1,0282,8902,435  
Long-term debt, excluding current maturities   1,118   
Liabilities, other than long-term debt, including:6,0531,7802,2955946 
Deferred revenue  333059
Contract with customer, liability46
Other liabilities76     
Operating lease, liability5,9771,0281,7722,435
Other undisclosed liabilities, other than long-term debt  1,7472,265   
Other undisclosed noncurrent liabilities  (1,028)(1,772) 808985
Total noncurrent liabilities:6,0531,7803,4132,494854985
Total liabilities:16,1879,49613,1897,9385,1726,023
Equity
Equity, attributable to parent97,59055,38083,83949,45056,61582,347
Preferred stock505050505050
Common stock201717121212
Additional paid in capital367,692261,324255,024188,103162,428155,793
Accumulated other comprehensive loss(4,363)     
Accumulated deficit(265,809)(206,011)(171,252)(138,715)(105,875)(73,508)
Total equity:97,59055,38083,83949,45056,61582,347
TOTAL LIABILITIES AND EQUITY:113,77764,87697,02857,38861,78788,370

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues30,19726,52023,99022,98721,19225,213
Revenue, net25,213
Cost of revenue
(Cost of Goods and Services Sold)
(14,874)(8,777)(7,934)(8,036)(8,426)(8,558)
Gross profit:15,32317,74316,05614,95112,76616,655
Operating expenses(77,132)(57,609)(48,869)(48,682)(46,290)(43,220)
Operating loss:(61,809)(39,866)(32,813)(33,731)(33,524)(26,565)
Nonoperating income2,1085,1232779121,057588
Investment income, nonoperating 5,1232779121,057588
Other nonoperating income848     
Interest and debt expense  5,094    
Loss from continuing operations before equity method investments, income taxes:(59,701)(29,649)(32,536)(32,819)(32,467)(25,977)
Other undisclosed loss from continuing operations before income taxes  (5,094)    
Loss from continuing operations before income taxes:(59,701)(34,743)(32,536)(32,819)(32,467)(25,977)
Income tax expense (benefit)(97)(16)1(21)(39)206
Loss from continuing operations:(59,798)(34,759)(32,535)(32,840)(32,506)(25,771)
Loss before gain (loss) on sale of properties:(34,759)(32,535)(32,840)(32,506)(25,771)
Other undisclosed net loss   (2)   
Net loss attributable to parent:(59,798)(34,759)(32,537)(32,840)(32,506)(25,771)
Preferred stock dividends and other adjustments   (11,443)   
Net loss available to common stockholders, diluted:(59,798)(34,759)(43,980)(32,840)(32,506)(25,771)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(59,798)(34,759)(32,537)(32,840)(32,506)(25,771)
Comprehensive loss:(59,798)(34,759)(32,537)(32,840)(32,506)(25,771)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,363)     
Comprehensive loss, net of tax, attributable to parent:(64,161)(34,759)(32,537)(32,840)(32,506)(25,771)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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