SAN DIEGO, March 12, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Digimarc Corporation (NASDAQ: DMRC) (“Digimarc” or the “Company”) securities between May 2, 2024 and February 26, 2025 (the “Class Period”), charging the Company and certain senior executives with violations of the federal securities laws (collectively, “Defendants”).

Digimarc investors have until May 9, 2025 to seek appointment as lead plaintiff of the Digimarc class action lawsuit.

If you purchased or acquired Digimarc securities between May 2, 2024 and February 26, 2025, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: https://dicellolevitt.com/securities/digimarc/.

You can also contact DiCello Levitt attorneys Brian O’Mara or Ruben Peña by calling (888) 287-9005 or emailing investors@dicellolevitt.com. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.

Case Allegations

Digimarc is a technology company that provides digital watermarks for physical and digital items, including product packaging, labels, documents, and digital assets.

The Digimarc lawsuit alleges that Defendants made false and/or materially misleading statements about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) a large commercial partner altered the terms of a large contract; (2) Digimarc would renegotiate the large commercial contract; and (3) these events would adversely affect the Company’s subscription revenue and annual recurring revenue.

The truth emerged on February 26, 2025, when Digimarc announced its fourth quarter and full year 2024 financial results. In the press release, the Company disclosed its quarterly subscription revenue decreased 10% to $5.0 million (compared to $5.6 million in the previous year) and annual recurring revenue had decreased to $20.0 million (compared to $22.23 million in the previous year). Defendants explained that the declines “primarily reflect[ed] a $5.8 million decrease in ARR due to the expiration of a commercial contract in June 2024.”

On this news, the price of Digimarc stock fell by $11.65 per share, or 43.1%, to close at $15.39 per share on February 27, 2025.

About DiCello Levitt

At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations – and our capital – on the line for our clients.

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