Marin Software Reported Preliminary Q2 Revenue Of $4M Vs $4.4M YoY, Cash Balance Of $7.9M
Portfolio Pulse from Benzinga Newsdesk
Marin Software reported preliminary Q2 2024 revenue of $4M, down from $4.4M YoY. The company estimates a GAAP loss from operations between $2.3M and $2.1M, an improvement from $6.0M YoY. Non-GAAP loss is estimated between $1.9M and $1.7M, also an improvement from $4.8M YoY. Cash balance stands at $7.9M.
July 29, 2024 | 10:08 am
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Marin Software's preliminary Q2 2024 results show a slight decline in revenue to $4M from $4.4M YoY. However, the company has significantly reduced its GAAP and non-GAAP losses from operations. The cash balance is stable at $7.9M.
Despite a slight decline in revenue, Marin Software has shown significant improvement in reducing its operational losses both on a GAAP and non-GAAP basis. This positive trend in operational efficiency and stable cash balance is likely to have a favorable short-term impact on the stock price.
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