Marin Drubbed After Q4 Results

Marin Software Incorporated (NASDAQ:MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced financial results for the fourth quarter ended December 31, 2018.

The San Francisco-based Marin reported net revenues totaled $15.8 million, a year-over-year decrease of 11% when compared to $17.7 million in the fourth quarter of 2017.

GAAP loss from operations was ($3.0) million, resulting in a GAAP operating margin of (19%), compared to a GAAP loss from operations of ($7.5) million and a GAAP operating margin of (42%) for the fourth quarter of 2017.

Non-GAAP loss from operations was ($0.6) million, resulting in a non-GAAP operating margin of (4%), as compared to a non-GAAP loss from operations of ($5.4) million and a non-GAAP operating margin of (31%) for the fourth quarter of 2017.

Marin also expanded MarinOne access to all customers, giving advertisers a more extensive view into advertising performance across Search, Social and eCommerce advertising. It also added support for Apple Search Ads and YouTube in MarinOne, providing greater coverage for key publishers.

CEO Chris Lien, "We saw increasing adoption of our MarinOne platform in the fourth quarter. All of our customers now have access to our latest technology to help them deliver performance from their Search, Social and eCommerce advertising.

"Support for additional channels like Apple Search Ads and YouTube, along with our recently announced revenue share agreement with Google, will help us drive growth for our customers in 2019."

Shares, however, were punished, $2.12, or 32.1%, to $4.48.