Digimarc Corporation Financial Ratios — DMRC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	130.68	81.74	-4.51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	11.14	16.04	-0.89	-27.61	-31.52	-32.08	-30.84	-43.3	-55.11	-42.14	-42.94	-66.94	-47.3	-49.91	-50.2
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	18.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	80.75	85.33	76.53	67.14	59.68	61.01	66.06	60.24	65.04	66.93	66.9	50.74	57.86	63.09	61.62
EBITDA Margin (%)	19.83	35.11	-1.21	-50.31	-70.05	-89.31	-95.74	-148.08	-135.19	-125.22	-140.74	-169.07	-112.32	-86.32	-72.8
Operating Margin (%)	17.73	32.89	-6.9	-59.33	-81.02	-100.58	-105.36	-158.19	-146.74	-136.78	-150.32	-197.48	-135.64	-106.09	-97.25
Incremental Operating Margin (%)	4.87	98.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	10.74	30.8	-6.59	-59.12	-80.53	-99.4	-103.03	-153.2	-142.77	-135.62	-131.01	-197.71	-131.29	-101.43	-95.18
Profit Margin (%)	15.69	18.64	-1.45	-61.66	-80.82	-99.44	-102.21	-153.39	-142.86	-135.63	-131.07	-198.03	-131.87	-101.54	-95.27
Net Income to Common Margin (%)	15.69	18.64	-1.45	-61.66	-80.82	-99.44	-102.21	-153.39	-142.86	-135.63	-131.07	-198.03	-131.87	-101.54	-95.27
Effective Tax Rate (%)	- -	39.47	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	28.34	-631.56	-10.46	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	130.68	58.58	-33.03	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	1	2	7	1	6	6	6	5
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	- -	- -	- -	1	1
LT Debt	- -	- -	- -	- -	- -	- -	- -	1	2	3	1	6	6	5	4
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	-0.03	-0.08	-0.23	-0.03	-0.12	-0.15	-0.18	-0.21
Net Debt/EBITDA	-0.48	-0.44	9.01	0.47	0.2	0.6	1.69	0.87	0.36	0.49	0.37	0.66	0.55	0.37	0.4
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	-0.03	-0.07	-0.21	-0.03	-0.1	-0.13	-0.15	-0.16
Net Debt/EBIT	-0.54	-0.47	1.58	0.4	0.18	0.53	1.54	0.81	0.33	0.45	0.35	0.56	0.45	0.3	0.3
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	15.63	22.82	16.39	-14.1	-46.18	-60.58	-83.17	-171.34	-241.69	-176.48	-317.52	-233.61	-387.01	-462.95	-723.34
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	1.51	5.04	3.45	1.86	6.12	9.68	8.5	10.72
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-0.81	-1.83	-1.76	-0.5	-2.3	-1.96	-1.51	-1.14
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	1.38	4.35	2.98	1.58	5.25	7.44	6.88	8.15
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	1.51	5.04	8.15	1.86	6.12	9.68	9.77	12.96
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-0.81	-1.83	-4.16	-0.5	-2.3	-1.96	-1.74	-1.38
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	1.38	4.35	7.05	1.58	5.25	7.44	7.91	9.84
Net Debt to Equity	-8.2	-12.95	-7.48	-11.73	-6.14	-15.87	-49.57	-48.18	-22.68	-17.45	-24.9	-34.43	-34.65	-20.15	-24.41
Net Debt/Capital (%)	-90.28	-109.54	-67.88	43.2	10.84	19.63	35.73	20.63	7.61	7.95	6.3	11.45	6.56	3.46	2.53
EBITDA	7	16	- -	-13	-16	-19	-24	-31	-31	-30	-37	-51	-39	-33	-25
EBITDA-CapEx	6	14	-3	-15	-18	-22	-27	-33	-33	-32	-39	-52	-39	-33	-25
Operating Income (Loss)	6	15	-2	-15	-18	-22	-27	-34	-34	-33	-40	-60	-47	-41	-33

Liquidity (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	7.1	8.83	5.13	7.61	7.73	12.63	13.45	10.11	6.76	7.95	4.32	5.18	2.17	3.14	1.54
Current Ratio	8.44	10.26	6.43	9.03	9.04	14.15	15.15	11.5	7.95	8.58	5.7	6.33	2.96	4.3	2.56
Quick Ratio	8.07	9.98	6.14	8.51	8.72	13.77	14.72	11.01	7.5	8.35	5.4	5.72	2.63	3.85	2.32
CFO/Avg Current Liab	2.67	4.29	0.74	-1.24	-2	-3.04	-3.71	-4.53	-4.45	-2.62	-2.99	-4.98	-1.94	-2.45	-1.35
Common Equity/Total Assets	15.63	22.82	16.39	-14.1	-46.18	-60.58	-83.17	-171.34	-241.69	-176.48	-317.52	-233.61	-387.01	-462.95	-723.34
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	1.51	5.04	3.45	1.86	6.12	9.68	8.5	10.72
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-0.81	-1.83	-1.76	-0.5	-2.3	-1.96	-1.51	-1.14
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	1.38	4.35	2.98	1.58	5.25	7.44	6.88	8.15
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	1.51	5.04	8.15	1.86	6.12	9.68	9.77	12.96
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-0.81	-1.83	-4.16	-0.5	-2.3	-1.96	-1.74	-1.38
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	1.38	4.35	7.05	1.58	5.25	7.44	7.91	9.84
CFO/Total Liabilities	251.55	360.47	55.36	-128.44	-198.53	-256.65	-292.4	-410.09	-273.39	-151.17	-275.02	-274.34	-118.09	-184.44	-92.54
CFO/CapEx	7.48	8.97	1.27	-2.6	-4.61	-5.28	-5.86	-10.4	-12.66	-12.22	-16.61	-47.55	-70.05	-125.34	-20.66
Altman's Z-Score	26.02	22.45	14.22	22.59	36.02	29.95	37.08	15.72	25.06	25.1	34.94	6.57	11.49	20.93	-15.48

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	10.32	11.5	6.96	4.94	4.84	4.5	4.39	4.12	5.81	6.05	5.16	5.12	6.2	6.29	5.25
Days Sales Outstanding	35.36	31.74	52.48	73.85	75.35	81.18	83.11	88.63	62.79	60.31	70.71	71.28	58.86	58.07	69.55
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	14.57	6.21	6.07	5.74	5.89	5.34	4.98	5.61	4.78	3.11	6.21	- -	- -	22.42	14.74
Accounts Payable Turnover Days	25.05	58.75	60.12	63.62	61.93	68.3	73.29	65.11	76.4	117.29	58.78	- -	- -	16.28	24.76
Cash Conversion Cycle	10.32	-27.01	-7.64	10.23	13.42	12.88	9.82	23.52	-13.61	-56.98	11.93	71.28	58.86	41.79	44.8
Inventory to Cash Days	35.36	31.74	52.48	73.85	75.35	81.18	83.11	88.63	62.79	60.31	70.71	71.28	58.86	58.07	69.55
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	161	140	132	195	299	276	382	165	395	610	650	354	734	796	142
- Cash & Cash Equivalents	3	7	4	6	3	12	41	27	11	20	14	34	21	12	10
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	1	2	7	1	6	6	6	5
Enterprise Value	135	108	103	157	263	220	314	122	360	539	618	307	713	774	135
Total Capital	7	13	9	-8	-26	-48	-73	-105	-136	-164	-205	-260	-306	-345	-378
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-0.81	-1.83	-4.16	-0.5	-2.3	-1.96	-1.74	-1.38
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	- -	0.02	0.01	0.01	0.04
EV/Sales	3.76	2.43	2.94	6.11	11.86	10.07	12.47	5.76	15.68	22.46	23.29	10.18	20.46	20.13	3.97
EV/EBITDA	18.95	6.91	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	21.2	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	13.21	6.9	29.55	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	11.65	6.21	16.51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	178	145	132	195	299	276	382	165	395	610	650	354	734	796	142
Diluted Enterprise Value	174	138	128	189	296	264	341	138	386	597	637	326	719	790	138
EV per Share	20.09	15.93	14.95	21.82	32.1	23.9	29.75	10.74	30.65	41.75	37.52	16.06	35.08	36.38	6.21
TTM Sales	36	44	35	26	22	22	25	21	23	24	27	30	35	38	34
TTM EBITDA	7	16	- -	-13	-16	-19	-24	-31	-31	-30	-37	-51	-39	-33	-25
TTM Operating Income	6	15	-2	-15	-18	-22	-27	-34	-34	-33	-40	-60	-47	-41	-33
TTM Cash Flow to Firm	10	16	3	-7	-10	-14	-18	-21	-22	-20	-26	-44	-22	-27	-12
TTM Free Cash Flow to Firm	12	17	6	-4	-8	-11	-15	-19	-20	-18	-25	-43	-22	-26	-11

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	15.27	8.34	21.28	-47.09	-39.24	-24.53	-26.17	-8.59	-19.75	-33.3	-26.48	-8.14	-33.86	-30.21	-12.68
EV/EBIT	21.2	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	135	108	103	157	263	220	314	122	360	539	618	307	713	774	135
Low Price	21	17.68	17.85	18.97	20.9	25.04	24.2	14.03	14.19	9.92	22.11	12.45	16.13	21	6.35
EV/Sales	3.76	2.43	2.94	6.11	11.86	10.07	12.47	5.76	15.68	22.46	23.29	10.18	20.46	20.13	3.97
EV/EBITDA	18.95	6.91	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	28.47	16.91	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	35.28	19.99	-286.49	-12.97	-14.09	-13.5	-12.94	-9.62	-13.42	-9.63	-17.22	-6.82	-12.01	-16.63	-10.04
Price/Earnings High	52.23	26.22	-362.8	-16.81	-22.51	-19.05	-17.13	-13.96	-23.82	-23.3	-25.45	-13.47	-17.22	-23.67	-32.4
Price/Earnings Low	25.03	14.44	-241.73	-8.62	-9.55	-10.62	-9.93	-4.9	-5.08	-3.93	-10.47	-3.98	-7.13	-11.45	-4.26
Price/Book Value	22.5	10.69	14.11	-24.1	-11.5	-5.78	-5.2	-1.56	-2.85	-3.56	-3.16	-1.33	-2.35	-2.27	-0.37
Price/Book Value Average	27.89	12.64	15.49	-25.33	-9.71	-6.13	-4.54	-2.95	-3.18	-1.83	-2.91	-1.53	-1.77	-1.85	-0.85
Price/Book Value High	41.28	16.58	19.62	-32.84	-15.51	-8.66	-6	-4.29	-5.64	-4.43	-4.29	-3.03	-2.54	-2.63	-2.73
Price/Book Value Low	19.78	9.13	13.07	-16.84	-6.58	-4.82	-3.48	-1.51	-1.2	-0.75	-1.77	-0.9	-1.05	-1.27	-0.36
Price/Tangible Book Value	4.14	3.1	3.07	4.41	6.85	4.19	5.11	3.38	9.49	8.02	13.65	6.3	29.62	26.03	10.09
Price/Tangible Book Value Average	5.14	3.67	3.37	4.63	5.79	4.45	4.46	6.41	10.59	4.12	12.58	7.27	22.28	21.21	23.05
Price/Tangible Book Value High	7.6	4.81	4.27	6	9.24	6.28	5.9	9.3	18.8	9.97	18.58	14.34	31.95	30.19	74.35
Price/Tangible Book Value Low	3.64	2.65	2.85	3.08	3.92	3.5	3.42	3.27	4.01	1.68	7.65	4.24	13.23	14.6	9.77
Price/Sales	4.47	3.15	3.78	7.6	13.49	12.65	15.16	7.77	17.17	25.41	24.51	11.72	21.06	20.73	4.19
Price/Sales Average	5.54	3.73	4.15	8	11.39	13.42	13.23	14.75	19.17	13.06	22.57	13.51	15.84	16.89	9.57
Price/Sales High	8.2	4.89	5.26	10.36	18.2	18.95	17.5	21.42	34.03	31.6	33.36	26.67	22.71	24.03	30.87
Price/Sales Low	3.93	2.69	3.51	5.31	7.72	10.56	10.15	7.52	7.26	5.34	13.73	7.89	9.41	11.62	4.06
Price/Cash Flow	15.71	8.97	38.08	-28.98	-30.73	-19.88	-21.7	-7.77	-18.19	-30.58	-24.89	-7.97	-33.37	-29.96	-12.06
Price/Cash Flow Average	19.46	10.6	41.82	-30.47	-25.95	-21.1	-18.94	-14.74	-20.3	-15.71	-22.92	-9.18	-25.09	-24.42	-27.54
Price/Cash Flow High	28.81	13.9	52.96	-39.49	-41.45	-29.78	-25.06	-21.4	-36.04	-38.02	-33.88	-18.13	-35.99	-34.75	-88.87
Price/Cash Flow Low	13.81	7.66	35.29	-20.25	-17.59	-16.59	-14.53	-7.51	-7.69	-6.42	-13.94	-5.37	-14.9	-16.8	-11.68
Price/Free Cash Flow Average	18.92	9.87	23.37	-49.5	-33.14	-26.04	-22.84	-16.31	-22.04	-17.11	-24.39	-9.38	-25.46	-24.62	-28.94
Price/Free Cash Flow High	28.01	12.94	29.6	-64.17	-52.94	-36.75	-30.22	-23.67	-39.13	-41.41	-36.05	-18.52	-36.51	-35.03	-93.39
Price/Free Cash Flow Low	13.42	7.13	19.72	-32.9	-22.46	-20.47	-17.52	-8.31	-8.35	-6.99	-14.83	-5.48	-15.12	-16.94	-12.27
EV/Sales Average	5.44	3.57	4.05	7.76	11.25	12.89	11.61	13.51	18.79	12.52	22.1	12.59	15.39	16.72	9.43
EV/Sales High	8.1	4.73	5.15	10.13	18.06	18.42	15.89	20.17	33.65	31.07	32.88	25.75	22.27	23.87	30.73
EV/Sales Low	3.83	2.54	3.4	5.08	7.58	10.03	8.53	6.28	6.88	4.8	13.25	6.98	8.96	11.46	3.92
EV/EBITDA Average	27.46	10.18	-334.49	-15.42	-16.06	-14.44	-12.13	-9.12	-13.9	-10	-15.7	-7.45	-13.71	-19.38	-12.96
EV/EBITDA High	40.87	13.49	-425.96	-20.13	-25.77	-20.62	-16.59	-13.62	-24.89	-24.81	-23.36	-15.23	-19.83	-27.65	-42.21
EV/EBITDA Low	19.34	7.23	-280.84	-10.09	-10.82	-11.23	-8.91	-4.24	-5.09	-3.84	-9.41	-4.13	-7.98	-13.27	-5.39
EV/EBIT Average	30.71	10.87	-58.66	-13.08	-13.89	-12.82	-11.02	-8.54	-12.81	-9.16	-14.7	-6.38	-11.35	-15.76	-9.7
EV/EBIT High	45.71	14.4	-74.7	-17.07	-22.29	-18.31	-15.08	-12.75	-22.93	-22.71	-21.87	-13.04	-16.42	-22.5	-31.6
EV/EBIT Low	21.63	7.72	-49.25	-8.56	-9.36	-9.97	-8.1	-3.97	-4.69	-3.51	-8.81	-3.53	-6.61	-10.8	-4.03
Last Price	23.89	20.7	19.26	27.15	36.51	30	36.15	14.5	33.56	47.24	39.48	18.49	36.12	37.45	6.56
High Price	43.82	32.1	26.79	37	49.25	44.94	41.75	39.95	66.5	58.74	53.74	42.07	38.95	43.43	48.32
Enterprise Value Average	196	159	141	199	250	281	293	286	432	300	586	380	537	643	320
Enterprise Value High	292	210	180	260	401	401	401	427	774	745	872	778	776	917	1,042
Enterprise Value Low	138	113	119	130	168	218	215	133	158	115	351	211	312	440	133

Shares Outstanding	7	7	7	8	9	11	12	12	12	17	17	20	20	21	22
Diluted Weighted Avg Shares	7	7	7	7	8	9	11	11	12	13	16	19	20	21	22
Basic Weighted Avg Shares	7	7	7	7	8	9	11	11	12	13	16	19	20	21	22
Revenue per Share	5.35	6.57	5.09	3.57	2.71	2.37	2.39	1.87	1.95	1.86	1.61	1.58	1.71	1.81	1.57
EBITDA per Share	1.06	2.31	-0.06	-1.8	-1.9	-2.12	-2.28	-2.76	-2.64	-2.33	-2.27	-2.67	-1.93	-1.56	-1.14
Operating Income per Share	0.95	2.16	-0.35	-2.12	-2.19	-2.39	-2.51	-2.95	-2.87	-2.54	-2.42	-3.12	-2.33	-1.92	-1.52
Basic EPS, GAAP	0.84	1.22	-0.07	-2.2	-2.19	-2.36	-2.44	-2.86	-2.79	-2.52	-2.11	-3.12	-2.26	-1.83	-1.49
Basic EPS from Cont Ops	0.84	1.22	-0.07	-2.2	-2.19	-2.36	-2.44	-2.86	-2.79	-2.52	-2.11	-3.12	-2.26	-1.83	-1.49
Diluted EPS, GAAP	0.76	1.18	-0.07	-2.2	-2.19	-2.36	-2.44	-2.86	-2.79	-2.52	-2.11	-3.12	-2.26	-1.83	-1.49
Diluted EPS from Cont Ops	0.76	1.18	-0.07	-2.2	-2.19	-2.36	-2.44	-2.86	-2.79	-2.52	-2.11	-3.12	-2.26	-1.83	-1.49
Dividend per Share	- -	0.35	0.47	0.23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.52	2.31	0.51	-0.94	-1.19	-1.51	-1.67	-1.87	-1.85	-1.54	-1.59	-2.32	-1.08	-1.25	-0.54
Free Cash Flow per Basic Share	1.32	2.05	0.11	-1.3	-1.45	-1.79	-1.95	-2.05	-1.99	-1.67	-1.68	-2.37	-1.1	-1.26	-0.57
Cash & Equivalents per Share	3.81	4.78	4.32	5.33	4.41	6.11	6.41	3.84	3.13	6.02	2.02	2.75	1.34	1.35	0.59
Book Value per Share	1.06	1.94	1.37	-1.13	-3.18	-5.19	-6.95	-9.32	-11.79	-13.27	-12.51	-13.89	-15.34	-16.5	-17.68
Tangible Book Value per Share	5.76	6.68	6.27	6.16	5.33	7.16	7.08	4.3	3.54	5.89	2.89	2.93	1.22	1.44	0.65

Digimarc Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)