Marin Software Earnings: Here’s Why Investors are Excited Now
Marin Software Inc (NYSE:MRIN) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.63%.
Marin Software Inc Earnings Cheat Sheet
Revenue: Rose 50.74% to $17.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.39 per share. By that measure, the company beat the mean analyst estimate of $-0.4. It beat the average revenue estimate of $16.46 million.
Quoting Management: “Our strong growth in the first quarter of 2013 was driven by advertisers’ continued shift toward digital marketing and growing demand for a single, integrated platform to manage their online programs,” said Chris Lien, founder and chief executive officer at Marin. “As advertisers look to maximize the return on their online marketing campaigns, Marin offers them a powerful, intuitive application designed specifically to meet their needs.”
“The completion of our initial public offering during the first quarter provides us with increased financial resources and market awareness, which further strengthens Marin’s ability to execute on its growth strategy and expand its leadership position in the growing, multi-billion dollar digital advertising industry,” said Lien.
Key Stats (on next page)…