Marin Software Incorporated (NASDAQ: MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced the following estimated preliminary financial results for the second quarter ended June 30, 2021:
Second Quarter 2021 Estimated Preliminary Financial Results:
- Net revenues are estimated to total $6.1 million, as compared to $7.3 million in the second quarter of 2020.
- GAAP loss from operations is estimated to range from $(3.0) million to $(3.3) million, as compared to $(4.5) million for the second quarter of 2020.
- Non-GAAP loss from operations is estimated to range from $(2.8) million to $(3.1) million, as compared to $(3.6) million for the second quarter of 2020.
- Cash, cash equivalents and restricted cash are estimated to be $14.4 million in the aggregate at June 30, 2021.
The estimated preliminary results presented above are based on the information available to us as of the date of this press release. Our actual results for the second quarter ended June 30, 2021 may vary from these estimated preliminary results and will not be finalized until after the date of this press release.
A reconciliation of the estimated preliminary non-GAAP loss from operations to the corresponding GAAP measure is provided in the table included in this press release. An explanation of non-GAAP loss from operations is also included below, under the heading Non-GAAP Financial Measures.
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