Digimarc Corporation (NASDAQ:DMRC) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET
Company Participants
George Karamanos - Chief Legal Officer
Riley McCormack - Chief Executive Officer
Charles Beck - Chief Financial Officer
Conference Call Participants
Joshua Reilly - Needham
Jeff Van Rhee - Craig-Hallum Capital Group
Jeff Bernstein - TD Cowen
Operator
Greetings, and welcome to the Digimarc’s First Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, George Karamanos, Chief Legal Officer. Thank you, sir. You may begin.
George Karamanos
Welcome to our Q1 conference call. Riley McCormack, our CEO; and Charles Beck, our CFO, are with me on the call. On the call today, we will provide a business update and discuss Q1 2024 financial results. This will be followed by a question and answer forum. We have posted our prepared remarks in the investor relations section of our website and will archive this webcast there.
Before we begin, let me remind everyone that today’s discussion contains forward-looking statements that have risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.
Riley will now provide a business update.
Riley McCormack
Thank you, George, and welcome aboard. Hello, everyone. Thank you for joining today’s call. As our world becomes increasingly digital and company progressed their digital transformation journeys, Digimarc maximizes the ways in which products and multimedia can digitally interact with the various systems that surround them. We excel at the identification and authentication of physical goods and digital assets often at massive scale and often where other means of identification or authentication don’t work well or don’t work at all.
Our focus is on converting this large total addressable market into substantial free cash flow by positioning ourselves to deliver high and long lasting top line growth at world-class operating margins. This starts with our being easy to begin doing business with and excellently guiding customers along their digital transformation journey and is aided by 4 tailwinds we’ve been very intentional to create. One, an incredibly deep and wide modes provide us the ability to offer differentiated products. In turn, our differentiated products allow us the ability to create new markets as well as to disrupt existing ones, all while delivering best-in-class gross margins that will continue to expand as we scale.