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MARIN SOFTWARE INC (MRIN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-31-19Dec-31-18Dec-05-18
   10-K8-K10-K8-K10-K10-K10-K8-K
Revenues:  
    United States  15.9 18.8 22.436.740.9 
    Subscriptions  12.7 15.6 20.636.754.5 
    Strategic Agreements  7.3 8.8 9.412.34.1 
    Google       12.22.9 
Total revenues  20.020.024.424.430.049.058.658.6
            Revenue growth   [+]-18.0%-18.0%-18.6% -38.9%-16.4%-21.8%-21.8%
Cost of goods sold  12.812.812.912.917.922.827.227.2
Gross profit  7.27.211.511.512.026.231.531.5
            Gross margin  36.1%36.1%47.2%47.2%40.1%53.4%53.7%53.7%
Selling, general and administrative   [+]7.017.45.514.87.026.336.536.5
Research and development   11.8 10.8 17.822.522.5
Other operating expenses  9.4 7.2 3.4-6.9-2.5 
Adjusted EBITDA       -6.5-18.3 
            Adjusted EBITDA margin       -13.2%-31.3% 
Stock-based compensation       2.74.0 
EBITDA   [+]-6.9-21.62.0-13.26.6-9.1-22.3-22.3
            EBITDA margin  -34.7%-107.7%8.3%-54.1%21.9%-18.6%-38.1%-38.1%
Depreciation  2.30.43.20.94.81.92.72.7
EBITA  -9.2-22.0-1.2-14.11.7-11.1-25.0-25.0
            EBITA margin  -46.0%-109.9%-4.8%-57.6%5.8%-22.5%-42.6%-42.6%
Amortization of intangibles      0.11.82.52.5
EBIT   [+]-9.2-22.0-1.2-14.11.7-12.9-27.5-27.5
            EBIT margin  -46.0%-109.9%-4.8%-57.6%5.5%-26.2%-46.9%-46.9%
Non-recurring items   [+]     7.014.714.7
Interest expense          
Other income (expense), net  -8.74.1-11.91.0-16.47.31.61.6
Pre-tax income  -17.9-17.9-13.1-13.1-14.8-12.5-40.7-40.7
Income taxes  0.30.3-0.1-0.1-0.7-0.10.61.0
            Tax rate    1.0%1.0%4.8%1.0%  
Net income  -18.2-18.2-12.9-12.9-14.1-12.4-41.2-41.7
            Net margin  -91.0%-91.0%-53.0%-53.0%-46.9%-25.3%-70.3%-71.1%
   
Basic EPS   [+]($1.15)($1.15)($1.01)($1.01)($1.91)($1.95)($7.13)($7.21)
Diluted EPS   [+]($1.15)($1.15)($1.01)($1.01)($1.91)($1.95)($7.13)($7.21)
   
Shares outstanding (basic)   [+]15.915.912.812.87.36.45.85.8
Shares outstanding (diluted)   [+]15.915.912.812.87.36.45.85.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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