Wednesday, 05 March 2025 01:00 PM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / March 5, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Digimarc Corporation ("Digimarc" or the "Company") (NASDAQ:DMRC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Digimarc and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 26, 2025, Digimarc reported its fourth quarter and full year 2024 financial results, revealing a decline in annual recurring revenue, subscription revenue and service revenue. Digimarc said that it was "prioritizing [its] authentication Go-To-Market efforts" and would no longer expect to close a previously anticipated identification use-case deal in the immediate future.
On this news, Digimarc's stock price fell $11.65 per share, or 43.1%, to close at $15.39 per share on February 27, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: Pomerantz LLP