Marin Software Q1 revenue down 12% to $4.0M; operating loss narrows, Nasdaq compliance regained

MARIN SOFTWARE INC

2024-Q1 EPS reported -$0.80 revenue$4,031,000

Net revenue $4.0M, down 12% YoY from $4.6M in Q1 2023.
GAAP loss from operations ($2.5M) vs ($6.0M) prior year; operating margin improved to (63%) from (130%).
Non-GAAP loss from operations ($2.1M) vs ($5.0M); non-GAAP operating margin (51%) vs (109%).
Cash and equivalents $9.6M as of March 31, 2024.
Regained Nasdaq minimum bid price compliance after 1-for-6 reverse split; bid price at or above $1 for 10 consecutive days.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARIN SOFTWARE INC reported the first quarter ended March 31, 2024 results: revenue $4.0 million.

Period: the first quarter ended March 31, 2024
Revenue: $4.0 million
Result: reported results

Exact text from the filing

Growth: A leading Amazon retailer saw a revenue increase of more than 155% through optimized campaign management. First Quarter 2024 Financial Updates: • Net revenues totaled $4.0 million, a year-over-year decrease of 12% when compared to $4.6 million for the first quarter of 2023. • GAAP loss from operations was ($2.5) million, resulting in a GAAP operating

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Source: SEC EDGAR

accession 0000950170-24-052158

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