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Deadline Alert: Digimarc Corporation (DMRC) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
DigimarcDigimarc(US:DMRC) GlobeNewswire News Room·2025-06-02 16:00

Core Viewpoint - Digimarc Corporation is facing a class action lawsuit due to significant declines in subscription revenue and annual recurring revenue, which were not disclosed to investors during the class period [2][3]. Financial Performance - On February 26, 2025, Digimarc reported a 10% drop in quarterly subscription revenue and a decrease in annual recurring revenue by approximately $2 million, primarily due to a $5.8 million decrease in ARR from a commercial contract expiration in June 2024 [2]. - Following the announcement, Digimarc's stock price fell by $11.65, or 43.1%, closing at $15.39 per share on February 27, 2025 [2]. Lawsuit Details - The class action complaint alleges that Digimarc's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects [3]. - Specific allegations include the failure to disclose that a major commercial partner would not renew a significant contract on the same terms, leading to renegotiation and adverse effects on subscription and annual recurring revenue [3]. Class Action Participation - Investors who purchased Digimarc securities during the class period can file a motion to be appointed as lead plaintiff by July 8, 2025 [4].