MRIN - Marin Software  GAAP EPS of -$0.34 revenue of $4.6M

2023-05-04 16:35:03 ET

• Marin Software press release ( NASDAQ: MRIN ): Q1 GAAP EPS of -$0.34.
• Revenue of $4.6M (-11.5% Y/Y).
• GAAP loss from operations was ($6.0) million, resulting in a GAAP operating margin of (130%), as compared to a GAAP loss from operations of ($5.3) million and a GAAP operating margin of (103%) for the first quarter of 2022.
• Non-GAAP loss from operations was ($5.0) million, resulting in a non-GAAP operating margin of (109%), as compared to a non-GAAP loss from operations of ($4.3) million and a non-GAAP operating margin of (84%) for the first quarter of 2022.
• Cash and cash equivalents were $23.7 million in the aggregate at March 31, 2023.
• Marin is providing guidance for its second quarter of 2023 as follows:
• Revenue is expected between $4.0M to $4.3M

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