Recent Updates — DJCO

Daily Journal Corporation completed its acquisition of Austin-based Revir Technologies on October 13, 2026. The deal brings Scout, an artificial intelligence-powered platform for managing and analyzing digital evidence for law enforcement and justice agencies, into Daily Journal's Courts, Justice, and Government Technology division. Revir will operate independently alongside existing subsidiary Journal Technologies, with founder Marc Messina continuing to lead the team. The transaction was funded using cash on hand, and specific financial terms were not disclosed. The company stated the acquisition is not expected to have a material effect on its financial condition or results of operations. Daily Journal Corporation publishes news for California and Arizona and provides case management software to courts and justice agencies.

Daily Journal Corporation shareholders approved an amendment to eliminate cumulative voting rights in director elections and adopted new bylaws effective September 11, 2026. The governance changes include a proxy access provision allowing passive shareholders owning at least three percent of shares for three years to nominate up to two directors, an exclusive forum clause for South Carolina courts, and a modernized advance notice period of 60 days. Concurrently, the Board authorized a share repurchase framework permitting the buyback of up to 35,000 common shares through September 30, 2027, and adopted a director resignation policy requiring incumbents to tender resignations if they receive more 'no' votes than 'yes' votes in uncontested elections. The company operates in the legal technology and media industry.

Daily Journal Corporation reported financial results for the third quarter and first nine months of fiscal 2026. Total revenue increased 15.3% to $27.0 million in Q3 and 16.8% to $69.2 million year-to-date, driven by strong growth at its technology subsidiary, Journal Technologies. Operating income rose significantly to $5.3 million for the quarter and $8.7 million for the nine-month period. However, net loss widened to $10.9 million ($7.90 per share) in Q3 and $53.5 million ($38.84 per share) year-to-date, primarily due to $24.1 million and $87.0 million in unrealized losses on marketable securities, respectively. The company operates in the publishing and technology sector, providing legal news services and case management software.