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Tag: Marin Software Inc Stock

  • Why did Marin Software Incorporated (MRIN) stock decline on Friday’s after-hours?

    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.

  • What Drove The MRIN Stock Up 10% During Premarket Session?

    What Drove The MRIN Stock Up 10% During Premarket Session?

    Shares of the leading provider of digital marketing software for performance-driven advertisers and agencies, Marin Software Inc (MRIN) were trading up 9.83% in pre-market trading at $10.95 at the time of the last check. During the last session, Martin Software stock decreased -27.07% or -$3.7. Over the course of the session, MRIN shares fluctuated between $9.65 and $12.46. There were 8.2 million shares of MRIN stock exchanged on the day, which is below the company’s 50-day daily volume of 28.23 million and lower than its Year-to-date volume of 11.31 million.

    MRIN stock has gained 527.04% over the past 12 months, but the stock has dropped -43.54% over the last week. For the last six months, MRIN stock has gained a total of 343.11%, and over the last three months, the stock has increased by 507.93%. A total of 393.56% has been earned by the MRIN stock so far this year.  The price of MRN stock rose after the company released its preliminary financial results.

    What quarter did MRN report results?

    Marin Software’s mission is to enable advertisers to run paid marketing programs on the biggest websites in the world more efficiently and transparently. Advertisers and agencies can easily integrate, align, and increases the effectiveness of their digital advertising spend with MRIN’s enterprise marketing software. Search, social, and eCommerce advertising can all be managed through MRN’s single SaaS platform.

    In addition to helping marketers convert audiences more precisely, MRIN is also used to improve financial performance and make better decisions. Globally, MRIN’s technology powers marketing campaigns around the world. The company is headquartered in San Francisco and has offices worldwide.

    As of today, the following preliminary financial results have been announced by Marin Software for the quarter ended June 30, 2021.

    • The second quarter of 2021 is expected to generate MRIN’s net revenues of $6.1 million as opposed to $7.3 million generated in the corresponding quarter of 2020.
    • It is estimated that MRN’s GAAP loss from operations will range from $(3.0) million to $(3.3) million, which is a huge decrease from $(4.5) million for the second quarter 2020.
    • On a non-GAAP basis, the operating losses at MRIN are estimated to range between $(2.8) million and $(3.1) million, considerably less than the $(3.6) million for the second quarter of 2020.
    • At June 30, 2021, MRIN is expected to have, in aggregate, $14.4 million in cash and cash equivalents.
    • According to the information MRIN had available at the time of this release, the preliminary results are estimated.

    These estimated preliminary results of MRIN for the second quarter ended June 30, 2021 may differ from the actual results for the quarter that ends on that date and the final results will not be announced until after that date.

    MRIN’s recent move:

    Marin Software (MRIN) has recently added support for managing Instacart Ads to its flagship platform, MarinOne. By integrating MRIN, brands have an easier time connecting directly with consumers at point of sale. MRIN’s experience helping marketers optimize over $40 billion in digital advertising spend will be brought to the platform’s rapid growth.