Digimarc Corporation (NASDAQ:DMRC) Q2 2024 Earnings Conference Call August 13, 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
Jeff Bernstein - Silverberg Bernstein
Operator
Greetings, and welcome to the Digimarc Corporation's Second 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. Thank you. You may begin.
George Karamanos
Welcome everyone to our Q2 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 Q2 financial results. This will be followed by a question-and-answer forum. We have posted our prepared remarks and our Quarterly Earnings Snapshot 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 hello everyone. I want to begin this call by reiterating the core tenets of our strategy. When we get to the subsequent discussion of Q2, I encourage you to examine our progress with these core tenets in mind. Doing so will help frame the accomplishments we achieved in the quarter, and more importantly, provide context as to where we’re going from here.
As our world becomes increasingly digital and companies progress 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 excellent at guiding customers along their Digimarc journey, and is aided by four key tailwinds we have been very intentional to create: