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Marin Software Incorporated Income Statement 2023-2010 | MRIN
Brief overview of financial performance at Marin Software Incorporated
The comparison covers a five-year financial horizon. The revenue attributed to Marin Software Incorporated moved from 58.6 million dollars to 17.7 million dollars between the two endpoints. Across the full period, sales moved by −69.8%; the average annual rate was −21.3%. Revenue ended the period on a sustained downward trend.
Gross profit changed from 31.5 million dollars to 6.1 million dollars (−80.6%). Direct costs outpaced revenue, limiting the benefit of changes in sales. Gross margin moved from 53.7% to 34.4%. The business retained less gross profit from each unit of revenue.
Over the period, EBITDA shifted from −$35.8 million to −$21.1 million, a change of +41.1%. EBITDA grew faster than revenue, indicating positive operating leverage. EBITDA margin moved from −61.1% to −118.9%. Cost pressure reduced operating profitability.
The net financial result changed from −$41.2 million to −$21.9 million. The loss reduction is constructive, but the recovery is incomplete.
Market value was $23.8 million at the start and $6.2 million at the end. Capitalization lags the underlying business improvement.
Summary assessment
The indicators point to a weaker financial profile. The financial profile benefits from net-income growth. The main areas of concern are a weaker market valuation, limited operating profitability and a softer top-line trend. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Marin Software Incorporated
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
6.18 M | 19.9 M | 39.8 M | 14.6 M | 8.99 M | 23.8 M | 44 M | 88.1 M | 110 M | 1.58 B | 2.11 B | - | - | - |
Shares |
17.7 M | 15.9 M | 12.8 M | 7.34 M | 6.37 M | 5.78 M | 5.64 M | 5.47 M | 5.22 M | 34.2 M | 26.3 M | 4.42 M | 4.06 M | - |
Historical Prices |
0.35 | 1.25 | 3.1 | 1.99 | 1.41 | 4.11 | 7.8 | 16.1 | 21 | 46.1 | 80.2 | - | - | - |
Net Income |
-21.9 M | -18.2 M | -12.9 M | -14.1 M | -12.4 M | -41.2 M | -31.5 M | -16.5 M | -33.3 M | -33.2 M | -35.9 M | -26.5 M | -17.4 M | - |
Revenue |
17.7 M | 20 M | 24.4 M | 30 M | 49 M | 58.6 M | 75 M | 99.9 M | 109 M | 99.4 M | 77.3 M | 59.6 M | 36.1 M | - |
Cost of Revenue |
11.6 M | 12.8 M | 12.9 M | 17.9 M | 22.8 M | 27.2 M | 32.5 M | 35.2 M | 40.1 M | 35.6 M | 31.1 M | 24.8 M | 18.7 M | - |
Gross Profit |
6.1 M | 7.22 M | 11.5 M | 12 M | 26.2 M | 31.5 M | 42.5 M | 64.7 M | 68.4 M | 63.7 M | 46.2 M | 34.8 M | 17.4 M | - |
Operating Income |
-22.8 M | -22 M | -14.1 M | -16.3 M | -19.8 M | -42.3 M | -30.3 M | -15.9 M | -32.4 M | -34 M | -34.3 M | -25.3 M | -16.7 M | - |
Interest Expense |
739 K | 4.08 M | 6 K | 22 K | - | 1.59 M | -214 K | 869 K | 222 K | -466 K | -571 K | -456 K | -229 K | - |
EBITDA |
-21.1 M | -19.7 M | -10.9 M | -11.4 M | -14 M | -35.8 M | -21.8 M | -6.92 M | -22.9 M | -26.4 M | -28.5 M | -22.1 M | -14.9 M | - |
Operating Expenses |
28.9 M | 29.2 M | 25.6 M | 28.3 M | 46 M | 73.7 M | 72.7 M | 80.6 M | 101 M | 97.7 M | 80.5 M | 60.1 M | 34.1 M | - |
General and Administrative Expenses |
8.87 M | 10.4 M | 9.33 M | 8.56 M | 10.4 M | 13.1 M | 16.4 M | 19.9 M | 22.4 M | 21.3 M | 17 M | 13.4 M | 6.68 M | - |
All numbers in USD currency
Quarterly Income Statement Marin Software Incorporated
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.14 M | 3.11 M | 3.02 M | 3.01 M | 17.9 M | 17.4 M | 17.2 M | 17.2 M | 16 M | 15.7 M | 15.5 M | 15.5 M | 14.5 M | 11 M | 10.3 M | 9.74 M | 7.02 M | 6.91 M | 6.82 M | 6.81 M | 6.63 M | 6.2 M | 5.94 M | 5.94 M | 5.79 M | 5.77 M | 5.74 M | 5.73 M | 5.65 M | 39.5 M | 39.1 M | 5.54 M | 38.5 M | 38.3 M | 37.8 M | 37.4 M | 37 M | 36.4 M | 35.7 M | 35.2 M | 34.8 M | 33.8 M | 33.1 M | 33 M | 32.5 M | 32.2 M | 7.36 M | 4.66 M | 4.4 M | 4.26 M | 4.25 M | - | - | - | - |
Net Income |
-2.33 M | -2.02 M | -2.41 M | - | -4.95 M | -5.92 M | -5.78 M | - | -5.74 M | -5.37 M | -2 M | - | -3.13 M | -2.5 M | -2.21 M | - | -4.07 M | -3.48 M | -3.97 M | - | -3.27 M | -4 M | -4.61 M | - | -21.5 M | -8.28 M | -9.11 M | - | -7.55 M | -10.5 M | -6.13 M | - | -3.05 M | -4.42 M | -4.41 M | - | -9.5 M | -12 M | -9.66 M | - | -9.24 M | -6.79 M | -8.31 M | - | -8.19 M | -9.1 M | -10.5 M | - | -6.65 M | -5.82 M | -6.75 M | - | - | - | - |
Revenue |
4.28 M | 4.04 M | 4.03 M | - | 4.44 M | 4.36 M | 4.58 M | - | 4.98 M | 4.72 M | 5.16 M | - | 6.16 M | 6.09 M | 6.31 M | - | 6.8 M | 7.28 M | 8.66 M | - | 11.7 M | 12.5 M | 13.4 M | - | 13.2 M | 14.3 M | 15.4 M | - | 18.2 M | 18.7 M | 20.3 M | - | 24 M | 25.8 M | 27.2 M | - | 26.3 M | 26.8 M | 26.4 M | - | 25.7 M | 23.9 M | 22.8 M | - | 20.1 M | 18.2 M | 17.2 M | - | 15.5 M | 14 M | 13 M | - | - | - | - |
Cost of Revenue |
1.7 M | 1.69 M | 1.74 M | - | 3.09 M | 3.17 M | 3.24 M | - | 3.18 M | 3.2 M | 3.33 M | - | 3.18 M | 3.18 M | 3.24 M | - | 4.32 M | 4.58 M | 5.34 M | - | 5.57 M | 5.93 M | 5.81 M | - | 6.46 M | 6.96 M | 7.57 M | - | 8.26 M | 8.21 M | 8.32 M | - | 8.67 M | 8.89 M | 9.19 M | - | 10.4 M | 10.6 M | 9.71 M | - | 9.14 M | 8.76 M | 8.38 M | - | 7.94 M | 7.7 M | 7.37 M | - | 6.48 M | 5.99 M | 5.25 M | - | - | - | - |
Gross Profit |
2.58 M | 2.36 M | 2.29 M | - | 1.35 M | 1.19 M | 1.34 M | - | 1.8 M | 1.52 M | 1.83 M | - | 2.98 M | 2.92 M | 3.07 M | - | 2.47 M | 2.69 M | 3.32 M | - | 6.16 M | 6.55 M | 7.64 M | - | 6.69 M | 7.29 M | 7.83 M | - | 9.97 M | 10.5 M | 12 M | - | 15.3 M | 16.9 M | 18 M | - | 16 M | 16.2 M | 16.7 M | - | 16.5 M | 15.1 M | 14.4 M | - | 12.2 M | 10.5 M | 9.78 M | - | 9.02 M | 8.04 M | 7.72 M | - | - | - | - |
Operating Income |
-2.13 M | -2.09 M | -2.53 M | - | -5.11 M | -5.99 M | -5.96 M | - | -5.82 M | -5.6 M | -5.34 M | - | -3.28 M | -3.01 M | -2.45 M | - | -4.26 M | -4.54 M | -4.42 M | - | -4.07 M | -4.48 M | -5.11 M | - | -21.7 M | -8.45 M | -9.08 M | - | -7.25 M | -9.56 M | -5.98 M | - | -3.24 M | -4.49 M | -4.09 M | - | -8.93 M | -11.7 M | -9.66 M | - | -9.15 M | -8.88 M | -8.06 M | - | -7.86 M | -8.76 M | -9.8 M | - | -6.42 M | -5.57 M | -6.49 M | - | - | - | - |
Interest Expense |
-176 K | 138 K | 104 K | - | 158 K | 215 K | 225 K | - | 190 K | 297 K | 3 K | - | 6 K | 6 K | 5 K | - | 14 K | 5 K | 469 K | - | 640 K | 532 K | 540 K | - | 336 K | 377 K | 295 K | - | -136 K | -499 K | 299 K | - | 188 K | 411 K | 33 K | - | -214 K | -164 K | 244 K | - | 201 K | -286 K | 4 K | - | -16 K | -81 K | -408 K | - | -25 K | -94 K | -103 K | - | - | - | - |
EBITDA |
-1.7 M | -1.66 M | -2.1 M | - | -3.82 M | -5.13 M | -5.53 M | - | -3.99 M | -4.24 M | -4.62 M | - | -799 K | -1.33 M | -1.58 M | - | -264 K | -1.56 M | -2.66 M | - | 163 K | -1.79 M | -3.86 M | - | -16.7 M | -4.95 M | -7.33 M | - | -835 K | -5.31 M | -3.86 M | - | 3.55 M | 119 K | -1.74 M | - | -1.91 M | -7.26 M | -7.48 M | - | -3.62 M | -5.26 M | -6.26 M | - | -3.65 M | -6.15 M | -8.57 M | - | -4.28 M | -4.26 M | -5.91 M | - | - | - | - |
Operating Expenses |
4.71 M | 4.44 M | 4.82 M | - | 6.46 M | 7.17 M | 7.3 M | - | 7.62 M | 7.11 M | 7.17 M | - | 6.26 M | 5.93 M | 5.51 M | - | 6.73 M | 7.23 M | 7.73 M | - | 10.2 M | 11 M | 12.8 M | - | 28.4 M | 15.7 M | 16.9 M | - | 17.2 M | 20.1 M | 18 M | - | 18.6 M | 21.3 M | 22.1 M | - | 24.9 M | 27.9 M | 26.4 M | - | 25.7 M | 24 M | 22.5 M | - | 20 M | 19.3 M | 19.6 M | - | 15.4 M | 13.6 M | 14.2 M | - | - | - | - |
General and Administrative Expenses |
1.86 M | 1.6 M | 1.68 M | - | 2.12 M | 2.44 M | 2.34 M | - | 2.92 M | 2.54 M | 2.47 M | - | 2.31 M | 2 M | 1.87 M | - | 2.13 M | 2.01 M | 1.98 M | - | 2.63 M | 2.28 M | 3.22 M | - | 2.92 M | 3.77 M | 3.38 M | - | 3.92 M | 3.94 M | 4.18 M | - | 4.74 M | 5.02 M | 4.97 M | - | 5.88 M | 5.66 M | 5.72 M | - | 5.68 M | 5.37 M | 4.42 M | - | 4.68 M | 4.03 M | 4.05 M | - | 3.09 M | 2.52 M | 4.39 M | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Marin Software Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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