Gift Card Solution Progress
Significant progress towards widespread adoption of Digimarc's gift card solution, with major brands like Target and Home Depot participating. All KPIs were easily surpassed, indicating positive reception and effectiveness.
Expansion in Product Authentication
Closed multiple upsell opportunities in the product authentication space, including expansion to a sixth country with a global tobacco company, reflecting increased contract value and new geographies.
Operational and Financial Efficiency
Successful corporate reorganization led to meaningful reduction in operating expenses and cash usage. Subscription costs decreased by 13% year-over-year, contributing to a reduction in free cash flow usage by 58% compared to last year.
Digital Authentication Market Positioning
Exceeded annual targets in digital authentication within the first six months. Positioned to capitalize on AI advancements and content credentials, with expectations for significant contributions to growth in 2026 and beyond.