Digimarc is a leading innovator and technology provider.
Based in Beaverton, Oregon (USA), Digimarc enables businesses and governments worldwide to enrich everyday living with the means to identify all forms of content, including print, packaging, audio, video and digital imagery. We develop solutions, license intellectual property and provide development services to business partners across a wide range of industries.
Our Vision
All of Digimarc’s solutions reflect a unified vision: to enrich everyday living via pervasive, intuitive computing. We accomplish this by creating a new means of communication based on our proprietary Digimarc Barcode and Digimarc Discovery platforms, allowing computers and digital devices to see, hear and engage with the world around them much like people do. The result is that consumers and organizations can easily access digital content when, where and how they want it.
There are tens of billions of objects already embedded with the Digimarc Barcode and in use today, and hundreds of millions of devices that can detect them and respond — but that’s just the beginning. Digimarc is partnering with industry leaders worldwide to make intuitive computing a reality by bringing convenience, simplicity and enhanced experiences to users’ interactions with media and the physical world.

Digimarc was founded in 1994 and is headquartered in Beaverton, US

Digimarc has offices in Beaverton and San Mateo

Beaverton, US (HQ)

9405 SW Gemini Dr

San Mateo, US

600 1825 S Grant St

Digimarc's revenue was reported to be $6.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 6.1 m |

## Gross profit (Q1, 2017) | 3.8 m |

## Gross profit margin (Q1, 2017), % | 62% |

## Net income (Q1, 2017) | (6.2 m) |

## EBIT (Q1, 2017) | (6.4 m) |

## Market capitalization (18-Aug-2017) | 288 m |

## Cash (31-Mar-2017) | 13.1 m |

Digimarc's current market capitalization is $288 m.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 35 m | 25.7 m | 22.2 m | 21.8 m |

## Revenue growth, % | (21%) | (27%) | (14%) | (2%) |

## Cost of goods sold | 8.2 m | 8.4 m | 8.9 m | 8.5 m |

## Gross profit | 26.8 m | 17.2 m | 13.2 m | 13.3 m |

## Gross profit Margin, % | 77% | 67% | 60% | 61% |

## Sales and marketing expense | 11.9 m | |||

## General and administrative expense | 8.3 m | |||

## Operating expense total | 20.2 m | |||

## EBIT | (2.4 m) | (15.2 m) | (18 m) | (21.9 m) |

## EBIT margin, % | (7%) | (59%) | (81%) | (101%) |

## Pre tax profit | (2.3 m) | (15.2 m) | (17.9 m) | (21.7 m) |

## Income tax expense | (1.8 m) | 652 k | 66 k | (10 k) |

## Net Income | (507 k) | (15.8 m) | (17.9 m) | (21.7 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 5.7 m | 6.9 m | 6 m | 5.8 m | 5.4 m | 5.6 m | 5.5 m | 5.6 m | 6.1 m |

## Cost of goods sold | 2 m | 2.1 m | 2.4 m | 2.4 m | 2.1 m | 2.2 m | 2.1 m | 2.2 m | 2.3 m |

## Gross profit | 3.7 m | 4.8 m | 3.6 m | 3.3 m | 3.3 m | 3.4 m | 3.4 m | 3.4 m | 3.8 m |

## Gross profit Margin, % | 66% | 69% | 60% | 58% | 61% | 61% | 62% | 61% | 62% |

## Sales and marketing expense | 2.1 m | 2 m | 2.1 m | 2.1 m | 2.3 m | 3 m | 2.9 m | 2.9 m | 4 m |

## General and administrative expense | 2.3 m | 2.2 m | 2.2 m | 2 m | 1.8 m | 2.2 m | 2 m | 2 m | 2.4 m |

## Operating expense total | 4.8 m | ||||||||

## EBIT | (4.5 m) | (3.2 m) | (4.2 m) | (4 m) | (4.5 m) | (5.5 m) | (5.3 m) | (5.3 m) | (6.4 m) |

## EBIT margin, % | (79%) | (47%) | (70%) | (70%) | (83%) | (98%) | (97%) | (94%) | (106%) |

## Pre tax profit | (4.4 m) | (3.2 m) | (4.2 m) | (4 m) | (4.4 m) | (5.4 m) | (5.3 m) | (5.2 m) | (6.3 m) |

## Income tax expense | 1.8 m | 1.3 m | 1 k | 1 k | (27 k) | (7 k) | (15 k) | (12 k) | |

## Net Income | (4.7 m) | (6.7 m) | (4.2 m) | (8.2 m) | (12.6 m) | (5.4 m) | (10.7 m) | (15.9 m) | (6.2 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 3.8 m | 6.1 m | 3.2 m | 11.6 m |

## Accounts Receivable | 5.1 m | |||

## Current Assets | 37.2 m | 45.5 m | 42.3 m | 62.9 m |

## PP&E | 2.4 m | 3 m | 3 m | 3.6 m |

## Goodwill | 1.1 m | 1.1 m | 1.1 m | 1.1 m |

## Total Assets | 57.2 m | 57.4 m | 56.4 m | 78.7 m |

## Current Liabilities | 5.8 m | 5 m | 4.7 m | 4.4 m |

## Total Liabilities | 5.4 m | |||

## Common Stock | 7 k | 8 k | 9 k | 11 k |

## Preferred Stock | 50 k | 50 k | 50 k | 50 k |

## Additional Paid-in Capital | 41.5 m | 60.2 m | 77.4 m | 121 m |

## Retained Earnings | 9.4 m | (8.1 m) | (26 m) | (47.7 m) |

## Total Equity | 50.9 m | 52.2 m | 51.5 m | 73.3 m |

## Financial Leverage | 1.1 x | 1.1 x | 1.1 x | 1.1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 3.3 m | 2.7 m | 5.1 m | 4 m | 11.5 m | 8.1 m | 9.6 m | 24.6 m | 13.1 m |

## Accounts Receivable | 3.7 m | 3.9 m | 3.6 m | 3 m | 2.7 m | 2.3 m | 2.5 m | 2.5 m | 3.8 m |

## Current Assets | 30.9 m | 29.2 m | 43.2 m | 39.6 m | 48.6 m | 37.5 m | 35.8 m | 58.9 m | 61.6 m |

## PP&E | 2.7 m | 2.9 m | 2.9 m | 2.8 m | 2.9 m | 3 m | 3.2 m | 3.4 m | 3.8 m |

## Goodwill | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.1 m |

## Total Assets | 50.6 m | 48.8 m | 54.3 m | 50.6 m | 59.6 m | 50.6 m | 46.9 m | 82.2 m | 73.2 m |

## Current Liabilities | 3.9 m | 3.7 m | 4.5 m | 3.7 m | 3.5 m | 3.4 m | 3.6 m | 3.1 m | 3.8 m |

## Common Stock | 8 k | 8 k | 9 k | 9 k | 9 k | 9 k | 9 k | 11 k | 11 k |

## Preferred Stock | 50 k | 50 k | 50 k | 50 k | 50 k | 50 k | 50 k | 50 k | 50 k |

## Additional Paid-in Capital | 43.3 m | 43.8 m | 61.9 m | 62.9 m | 76.6 m | 78.4 m | 79.4 m | 120 m | 122.2 m |

## Retained Earnings | 3 m | 1.1 m | (12.3 m) | (16.3 m) | (20.7 m) | (31.5 m) | (36.8 m) | (42 m) | (54 m) |

## Total Equity | 46.4 m | 44.9 m | 49.7 m | 46.7 m | 55.9 m | 47 m | 42.7 m | 78.1 m | 68.3 m |

## Financial Leverage | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (507 k) | (15.8 m) | (17.9 m) | (21.7 m) |

## Accounts Receivable | (1.7 m) | 1.3 m | (64 k) | (462 k) |

## Accounts Payable | 124 k | (635 k) | 125 k | 637 k |

## Cash From Operating Activities | 3.5 m | (6.7 m) | (9.7 m) | (13.9 m) |

## Purchases of PP&E | (1.6 m) | (1.4 m) | (1.2 m) | (1.8 m) |

## Cash From Investing Activities | (1.7 m) | (4.4 m) | (5.2 m) | (15.5 m) |

## Dividends Paid | (3.2 m) | (1.7 m) | (1.7 m) | (1.7 m) |

## Cash From Financing Activities | (4.8 m) | 13.4 m | 12 m | 37.8 m |

## Income Taxes Paid | 46 k | 263 k | 1.2 m | 263 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (4.7 m) | (6.7 m) | (4.2 m) | (8.2 m) | (12.6 m) | (5.4 m) | (10.7 m) | (15.9 m) | (6.2 m) |

## Accounts Receivable | 915 k | 1.5 m | 1.8 m | 2.3 m | 2.1 m | 2.1 m | 1.3 m | ||

## Cash From Operating Activities | (4 m) | (5.9 m) | (2 m) | (4.4 m) | (7 m) | (2.2 m) | (5.3 m) | (9 m) | (3.1 m) |

## Purchases of PP&E | (579 k) | (1 m) | (125 k) | (324 k) | (747 k) | (490 k) | (755 k) | (1.6 m) | (605 k) |

## Cash From Investing Activities | 5.4 m | 7.2 m | 600 k | 2.2 m | (28 k) | 7.5 m | 12.5 m | (7.8 m) | 5 m |

## Dividends Paid | (1.7 m) | (1.7 m) | (824 k) | (1.7 m) | (1.7 m) | ||||

## Cash From Financing Activities | (1.9 m) | (2.4 m) | 378 k | 94 k | 12.4 m | (375 k) | (795 k) | 38.3 m | (406 k) |

## Income Taxes Paid | 6 k | 14 k | 27 k | 13 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 33.8 k |

## Financial Leverage | 1.1 x |