Core Viewpoint - A class action lawsuit has been filed against Digimarc Corp. on behalf of investors who purchased stock between May 3, 2024, and February 26, 2025, following a significant drop in the company's share price due to disappointing financial results and misleading statements regarding its operations [1][3]. Financial Performance - Digimarc reported a decrease in annual revenue from $23 million to $20 million, attributed to the expiration of a commercial contract in June 2024 [2]. - The company acknowledged that its future projections no longer assumed the renewal of the aforementioned contract [2]. Stock Price Reaction - Following the release of the financial results, Digimarc's share price plummeted by 43.1%, dropping from $15.39 to $11.65 per share [3]. Legal Action - The complaint alleges that Digimarc's statements regarding its operations and future prospects were materially misleading or lacked a reasonable basis [3]. - Investors who purchased Digimarc stock during the class period and incurred losses are encouraged to contact the law firm for potential participation in the class action lawsuit [4]. Important Dates - Investors have until July 8, 2025, to submit a motion to be appointed as lead plaintiff in the class action [5]. Law Firm Background - Barrack, Rodos & Bacine has extensive experience in prosecuting securities law class actions, achieving significant recoveries for investors in past cases [6].
Barrack, Rodos & Bacine Notifies Shareholders of Digimarc Corp. (DMRC) of a Securities Class Action Lawsuit