Revenue Growth and Composition - Consolidated revenues increased by $2,222,000 (3%) to $69,931,000 in fiscal 2024, driven by Journal Technologies' license and maintenance fees ($4,762,000) and other public service fees ($1,577,000), partially offset by decreased consulting fees ($4,690,000)[174] - Journal Technologies accounted for approximately 76% of the company's revenues in fiscal 2024, with $6,153,000 (9%) derived from foreign countries[175] - Revenues increased by $1,649,000 (3%) to $53,105,000 from $51,456,000 in the prior fiscal year[194] - Licensing and maintenance fees increased by $4,762,000 (20%) to $28,265,000 from $23,503,000[194] - Consulting fees decreased by $4,690,000 (24%) to $15,086,000 from $19,776,000 due to fewer project go-lives[194] - Other public service fees increased by $1,577,000 (19%) to $9,754,000 from $8,177,000 primarily due to increased e-filing fee revenues[194] Operating Expenses and Salaries - Consolidated operating expenses increased by $4,804,000 (8%) to $65,861,000, primarily due to a $3,728,000 (9%) increase in salaries and employee benefits[176] Non-Operating Income and Marketable Securities - Non-operating income increased by $78,758,000 (367%) to $100,208,000, largely due to net realized and unrealized gains on marketable securities of $96,142,000[177] - The fair market value of the company's marketable securities was $358,691,000, with net unrealized gains of $219,597,000 before taxes of $57,100,000[179] Pretax Income and Tax Rate - Consolidated pretax income was $104,278,000 in fiscal 2024, compared to $28,102,000 in the prior year, with net income of $78,113,000 ($56.73 per share)[178] - The effective tax rate for fiscal 2024 was 25.1%, including taxes on realized and unrealized gains on marketable securities[180] Cybersecurity Measures - Journal Technologies hired a Director of Security Operations in August 2024 to oversee cybersecurity strategies and align practices with industry standards[185] - The company employs a multi-layered cybersecurity approach, including threat detection and response, patch management, and network segmentation[187] - The Company maintains a formalized incident response (IR) plan and tests it annually with results reported to senior management[189] - The Company provides regular cybersecurity training for employees, including annual CJIS training and certification[188] - The Company enforces multi-factor authentication (MFA) for all systems and deploys anti-phishing solutions[192] - The Company uses Security Information and Event Management (SIEM) systems for continuous monitoring and logging[192] - The Company maintains a central Risk Register as part of its cybersecurity risk management framework[188] Business Continuity and Disaster Recovery - The Traditional Business and Journal Technologies have implemented Business Continuity Plans and Disaster Recovery (BCP/DR) to minimize downtime and facilitate recovery[191]

LOS ANGELES, Dec. 30, 2024 (GLOBE NEWSWIRE) -- During fiscal 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $69,931,000 as compared to $67,709,000 in the prior year. This increase of $2,222,000 was primarily from increases in (i) Journal Technologies’ license and maintenance fees of $4,762,000, and other public service fees of $1,577,000, partially offset by decreased consulting fees of $4,690,000, and (ii) the Traditional Business’ advertising revenues of $370,000 and advertisin ...

Daily Journal Corporation (DJCO) reported a consolidated net income of $51.4 million, translating to earnings of $37.32 per share for the nine months ended Jun 30, 2024. This marks a significant increase from the previous year's earnings of $20.29 per share, which totaled $27.9 million in net income. The company's consolidated revenues also saw a rise to $50.1 million from $46.2 million, growth of $3.9 million, driven primarily by higher license and maintenance fees and public service fees in its Journal Te ...

Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes: ☒ No: ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive D ...

LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $50,058,000 as compared to $46,159,000 in the prior year period. This increase of $3,899,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,438,000, and other public service fees of $1,251,000, partially offset by decreased consulting fees of $1,209,000, and (ii) the Traditional Business' advertising reve ...

Zacks Investment Research has recently initiated coverage of Daily Journal Corporation (DJCO) with a Neutral recommendation. This analysis provides a comprehensive overview of the company's financial health, diversified revenue streams, and growth opportunities while also highlighting potential risks that could impact its performance. California-based Daily Journal boasts a robust financial position, with $10.6 million in cash and an additional $2.1 million in restricted cash as of Mar 31, 2024. This liquid ...

LOS ANGELES, May 14, 2024 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $32,564,000 as compared to $28,455,000 in the prior year period. This increase of $4,109,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,337,000, and other public service fees of $904,000, partially offset by decreased consulting fees of $254,000, and (ii) the Traditional Business' advertising revenues ...

  LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market ("Nasdaq") that the company's audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)'s requirement that listed companies have an audit committee of at least three members. On March 13, 2024, the company received a letter from Nasdaq indicating that the compa ...

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business' advertising revenues of $97,000. The Traditio ...

LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) -- During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. This increase of $13,700,000 was primarily from increases in (i) Journal Technologies' consulting fees of $7,911,000, license and maintenance fees of $4,311,000 and other public service fees of $1,147,000, and (ii) the Traditional Business' advertising revenues of $364,000, partially offset by a decrease in the Tradi ...