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Marin Software Incorporated (MRIN)
NASDAQ:MRIN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -6.07%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative developments. While revenue exceeded guidance and strategic partnerships were renewed, the company continues to face financial challenges, including a year-over-year revenue decline and a decrease in cash balance. The sentiment is balanced with notable improvements in operational efficiency and product offerings countered by financial constraints and restructuring efforts.Company Guidance
During Marin Software's Q3 2024 earnings call, the company reported a revenue of $4.3 million, which exceeded their guidance range, although it marked a 4% year-over-year decline. The non-GAAP operating loss for the quarter was $1.8 million, $0.1 million better than the high end of their guidance, primarily due to realized savings from the restructuring plan initiated in July 2023. Marin's cash balance at the end of Q3 was $5.6 million. The company announced a 26% headcount reduction in October, projected to save $3.6 million annually. They renewed their strategic partnership with Google for another three years. For Q4 2024, Marin forecasts revenue between $4.0 million and $4.2 million, with a non-GAAP operating loss ranging from $1.4 million to $1.1 million.Revenue Exceeds Guidance
Q3 2024 revenues came in above guidance at $4.3 million, representing a moderation in revenue decline to 4% year-over-year.
Operating Loss Improvement
The non-GAAP operating loss was reduced by $1.1 million year-over-year, benefiting from a restructuring and reduction in force plan initiated in July 2023.
Renewal of Strategic Partnership with Google
Marin Software renewed its strategic partnership agreement with Google for another 3 years, maintaining the same minimum quarterly payments.
Introduction of New Product Features
New budget floor controls in Ascend and enhanced Reddit integration in MarinOne were introduced, offering improved campaign management and budget compliance.
Successful Customer Outcomes
Fusion 92 improved budget compliance from 9% to 96% using Marin's budgeting platform, saving over 15 hours of manual work per week.
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MRIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MRIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $2.06 | $2.08 | +0.97% |
| Aug 01, 2024 | $2.05 | $1.94 | -5.37% |
| May 02, 2024 | $3.15 | $2.48 | -21.27% |
| Feb 22, 2024 | $2.34 | $2.10 | -10.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marin Software Incorporated (MRIN) report earnings?
Marin Software Incorporated (MRIN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Marin Software Incorporated (MRIN) earnings time?
Marin Software Incorporated (MRIN) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRIN EPS forecast?
Currently, no data Available
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