Marin Software Stock Price, News & Analysis

Marin Software has partnered with CitrusAd to enhance its eCommerce advertising capabilities. This collaboration enables brands to optimize sponsored products and display ads via the MarinOne platform, tapping into CitrusAd’s innovative retail media solutions. With Marin managing over $40 billion in ad spend, the integration offers access to high-intent audiences at major retailers like Lowes and Petco. Featuring advanced analytics and bidding tools, this partnership expands Marin's competitive edge in the digital marketing space, thereby improving ROI for advertisers.

Marin Software (NASDAQ: MRIN) reported Q3 2021 net revenues of $6.2 million, down 9% year-over-year. GAAP loss from operations improved to ($3.3 million) compared to ($4.3 million) in Q3 2020, reflecting a GAAP operating margin of (53%). The company raised $38.8 million from stock sales and filed a $100 million shelf registration. Significant product enhancements were made in the ecommerce module, including integration with major platforms and new reporting support. The company provided Q4 guidance, focusing on maximizing marketing investments for advertisers.

Marin Software (NASDAQ: MRIN) has appointed Diena Lee Mann to its Board of Directors. With extensive experience in product management and digital marketing, Mann is expected to enhance Marin's strategic direction. Currently the VP of Product at SoundCommerce, she has previously served as CEO at Red Sky Blue Water and VP at iLink Digital. Her expertise in retail and B2B analytics is anticipated to support the growth of MarinOne, as digital advertising complexity increases. CEO Chris Lien highlighted Mann's qualifications as beneficial for Marin's goals.

Marin Software (NASDAQ: MRIN) will report its financial results for Q3 2021 on November 4, 2021, post-market close. A conference call will commence at 2:00 PM PT (5:00 PM ET) on the same day to discuss these results, which may include forward-looking statements. Interested parties can access the call by dialing (877) 705-6003 in the U.S. or +1 (201) 493-6725 internationally, using conference ID 13723659. A replay will be available after the call, and further information about the company can be found on their website.

Marin Software announced an integration with Criteo's Commerce Media Platform on August 19, 2021. This collaboration aims to enhance the management and optimization of digital advertising campaigns across various platforms, including retail media and display ads. CEO Chris Lien emphasized the growth potential in commerce media, while Marin has facilitated over $40 billion in advertising spend since 2007. With this integration, Marin users gain access to Criteo's extensive commerce data, improving campaign visibility and efficiency across search, social, and eCommerce advertising.

Marin Software (NASDAQ: MRIN) reported Q2 2021 financial results with net revenues of $6.1 million, a 16% decline from $7.3 million in Q2 2020. The GAAP loss from operations was ($3.0) million, improving from a loss of ($4.5) million in the prior year. The company introduced an eCommerce module and enhanced features for Instacart Ads, aiming to boost advertiser engagement. Marin's cash and equivalents stood at $14.4 million as of June 30, 2021. Additionally, the company raised $38.8 million through equity sales in July 2021, strengthening its financial position.

Marin Software announced new customer case studies showcasing the effectiveness of MarinOne across various marketing channels. The case studies highlight significant benefits, including a 30% decrease in cost-per-acquisition for Paddy Power Betfair and a 23% increase in conversion rate for Blast Analytics. These results indicate MarinOne's ability to enhance advertising efficiency and integrate performance across platforms like LinkedIn and Apple Search Ads. Marin aims to empower advertisers with improved bidding technology, driving growth in digital marketing investments.

Marin Software (NASDAQ: MRIN) will release its financial results for Q2 2021 on July 30, 2021, after market closure. A conference call to discuss these results is scheduled for the same day at 2:00 PM PT (5:00 PM ET). Investors can access the call via phone or through a live webcast. A recording will be available post-call through August 6, 2021. Marin Software focuses on digital marketing software aimed at enhancing advertising efficiency and transparency for clients globally.

On July 15, 2021, Marin Software (NASDAQ: MRIN) released its estimated preliminary financial results for Q2 2021. Net revenues are projected at $6.1 million, down from $7.3 million in Q2 2020. The GAAP loss from operations is estimated between $(3.0) million and $(3.3) million, an improvement from $(4.5) million year-over-year. Non-GAAP loss from operations is projected at $(2.8) million to $(3.1) million, better than $(3.6) million in Q2 2020. Cash reserves stand at $14.4 million as of June 30, 2021.