Marin Software Announces Estimated Preliminary Third Quarter Financial Results

SAN FRANCISCO, Oct. 26, 2020 /PRNewswire/ — Marin Software Incorporated (NASDAQ: MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced the following estimated preliminary financial results for the third quarter ended September 30, 2020:

  • Net revenues are estimated to be $6.8 million, as compared to $11.7 million in the third quarter of 2019.
  • GAAP loss from operations is estimated to range from $(4.2) million to $(4.5) million, as compared to $(4.1) million for the third quarter of 2019.
  • Non-GAAP loss from operations is estimated to range from $(2.7) million to $(3.0) million, as compared to $(2.9) million for the third quarter of 2019.
  • Cash, cash equivalents and restricted cash are estimated to be $9.0 million in aggregate as of September 30, 2020.

The estimated preliminary results presented above are based on the information available to us as of the date of this press release.

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