Marin Software Incorporated (MRIN) shares declined 14.73% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $7.06 per share. in the regular trading session of Friday, MRIN’s stock gained 28.17%. MRIN shares have risen 483.10% over the last 12 months, and they have moved up 5.61% in the past week. Over the past three months, the stock has gained 362.57%, while over the past six months, it has shed 283.33%. MRIN has a current market of $70.79 million and its outstanding shares stood at 10.30 million.
MRIN Recent financial results announcement
On July 30, 2021, Marin Software Incorporated (MRIN announced financial results for the second quarter ended June 30, 2021.
Q2 2021 financial results
- MRIN reported revenue of 1 million in Q2 2021 compared to $7.3 million in the second quarter of 2020.
- Total operating expenses were $5.93 million in Q2 2021 compared to $7.3 million in Q2 2020.
- It suffered a GAAP operating loss of $3.0 million in Q2 2021 compared to a GAAP operating loss of $4.5 million in Q2 2020.
- Net loss was $2.5 million or net loss per, basic and diluted common share was $0.23 in Q2 2021 compared to a net loss of $3.5 million or net loss per, the basic and diluted common share was $0.50 million in Q2 2020.
- As of June 30, 2021, the company had cash, cash equivalents and restricted cash of $14.4 million.
Financial guidance for Q3 2021
For Q3 2021, MRIN is expecting
- Net revenue to be in the range of $5.5 to $6.0 million
- Operating loss in the range of $3.3 to $2.8 million
MarinOne Performance Across Advertising Channels
On July 22, 2021, Marin Software published three new customer case studies highlighting the benefits of using MarinOne across multiple marketing channels.
Digital marketers are looking for the best performance from their marketing investment and the advanced bidding at the heart of delivering results. The MarinOne bidding algorithm can be used across channels, including the latest additions like Instacart, LinkedIn, and Apple Search Ads.
MRIN Integration with Instacart Ads
On June 23, 2021, Marin Software added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration makes it easier for brands to connect with customers directly at the point of sale.
Instacart is the leading online grocery platform in North America. Marin is bringing its experience helping advertisers optimize over $40 billion in digital advertising spend to the rapidly growing platform.
MRIN Q1 2021 financial results announcement
On May 6, 2021, Marin Software Incorporated released its financial results for the first quarter ended March 31, 2021.
Q1 2021 financial highlights
- Marin Software reported revenue of $6.3 million for Q1 2021 compared to $8.7 million in the first quarter of 2020.
- GAAP operating loss was $4 million for Q1 2021 compared to $4.4 million for the first quarter of 2020.
- Non-GAAP operating loss was $2.5 million in Q1 2021 compared to a non-GAAP operating loss of $3.5 million in Q1 2020.
- Total operating expenses were $5.51 million for Q1 2021, compared to $7.73 million for Q1 2020.
- The company suffered a net loss of $2.12 million in Q1 2021 compared to a $7.73 million net loss in Q1 2020.
- Net loss per common share, basic and diluted was $0.21 in Q1 2021 compared to $0.58 in Q1 2020.
Conclusion
MRIN stock faced headwinds in the after-hours on Friday due to the Q2 financial results announcement which did not attract the investors. We hope that it will commence the new week in a positive mode.
