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Kirby McInerney LLP Reminds Digimarc Corporation (DMRC) Investors of Class Action Filing and Encourages Investors to Contact the Firm
DMRCDigimarc(DMRC) GlobeNewswire News Room·2025-05-22 00:00

Core Points - A class action lawsuit has been filed against Digimarc Corporation for securities fraud, affecting investors who purchased shares between May 3, 2024, and February 26, 2025 [3][5] - The lawsuit alleges that Digimarc failed to disclose critical information regarding a significant commercial partner's contract renewal, which negatively impacted the company's revenue [5] Financial Performance - For Q4 2024, Digimarc reported a 10% decline in quarterly subscription revenue, falling to 5.0millionfrom5.0 million from 5.6 million year-over-year [4] - Annual recurring revenue decreased to 20.0millionfrom20.0 million from 22.23 million in the previous year, primarily due to a 5.8milliondropinARRlinkedtotheexpirationofacommercialcontractinJune2024[4]Followingthefinancialannouncement,Digimarcssharepriceplummetedby5.8 million drop in ARR linked to the expiration of a commercial contract in June 2024 [4] - Following the financial announcement, Digimarc's share price plummeted by 11.65, approximately 43%, closing at $15.39 on February 27, 2025 [4]