Marin Software (MRIN) share price, financials and metrics

+0.08 (+1.31%)

$35.3 M

Mkt cap, 15-May-2018

$15.4 M

Revenue Q1, 2018

Gross profit (Q1, 2018)7.8 M

Gross profit margin (Q1, 2018), %50.8%

Net income (Q1, 2018)-9.1 M

EBIT (Q1, 2018)-9.1 M

Cash, 31-Mar-201822 M

Revenue/Financials

Annual

usd	FY, 2011	FY, 2012	FY, 2013	FY, 2014	Y, 2015	FY, 2016	FY, 2017
Revenue	36.1 m	59.6 m	77.3 m	99.4 m	108.5 m	99.9 m	75 m
Revenue growth, %		65%	30%	29%	9%	(8%)
Cost of goods sold			31.1 m	35.6 m	40.1 m	35.2 m	32.5 m
Gross profit			46.2 m	63.7 m	68.4 m	64.7 m	42.5 m
Gross profit Margin, %			60%	64%	63%	65%	57%
Sales and marketing expense						32.9 m	26.9 m
R&D expense						27.8 m	26.6 m
General and administrative expense						19.9 m	16.4 m
Operating expense total						80.6 m	72.7 m
Depreciation and amortization							2.9 m
EBIT			(34.3 m)	(34 m)	(32.4 m)	(15.9 m)	(30.3 m)
EBIT margin, %			(44%)	(34%)	(30%)	(16%)	(40%)
Interest expense			453 k	177 k	118 k	129 k	137 k
Pre tax profit			(35.4 m)				(30.5 m)
Income tax expense	139 k	221 k	492 k	(1.5 m)			(1 m)
Net Income			(35.9 m)	(33.2 m)	(33.3 m)	(16.5 m)	(31.5 m)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	20.1 m	22.8 m	23.9 m	25.7 m	26.4 m	26.8 m	26.3 m	27.2 m	25.8 m	24 m	20.3 m	18.7 b	15.4 m
Cost of goods sold	7.9 m	8.4 m	8.8 m	9.1 m	9.7 m	10.6 m	10.4 m	9.2 m	8.9 m	8.7 m	8.3 m	8.2 b	7.6 m
Gross profit	12.2 m	14.4 m	15.1 m	16.5 m	16.7 m	16.2 m	16 m	18 m	16.9 m	15.3 m	12 m	10.5 b	7.8 m
Gross profit Margin, %	61%	63%	63%	64%	63%	60%	61%	66%	65%	64%	59%	56%	51%
Sales and marketing expense	10.3 m	12 m	12 m	12.2 m	12.2 m	13.1 m	10.8 m	9.1 m	9.3 m	7.6 m	6.7 m	6.7 b	7.4 m
R&D expense	5.1 m	6.1 m	6.6 m	7.8 m	8.5 m	9.2 m	8.2 m	8 m	7 m	6.3 m	7.1 m	6.6 b	6.2 m
General and administrative expense	4.7 m	4.4 m	5.4 m	5.7 m	5.7 m	5.7 m	5.9 m	5 m	5 m	4.7 m	4.2 m	3.9 b	3.4 m
Operating expense total	20 m	22.5 m	24 m	25.7 m	26.4 m	27.9 m	24.9 m	22.1 m	21.3 m	18.6 m	18 m	20.1 b	16.9 m
Depreciation and amortization													690 k
EBIT	(7.9 m)	(8.1 m)	(8.9 m)	(9.2 m)	(9.7 m)	(11.7 m)	(8.9 m)	(4.1 m)	(4.5 m)	(3.2 m)	(6 m)	(9.6 b)	(9.1 m)
EBIT margin, %	(39%)	(35%)	(37%)	(36%)	(37%)	(44%)	(34%)	(15%)	(17%)	(13%)	(29%)	(51%)	(59%)
Interest expense	82 k	66 k	62 k	33 k	11 k	8 k	63 k	18 k	34 k	39 k	37 k	64 m
Pre tax profit	(8 m)	(8.1 m)			(9.4 m)	(11.9 m)		(4.1 m)	(4.1 m)		(5.7 m)	(10.1 b)	(8.8 m)
Income tax expense	(230 k)	(188 k)	2.4 m		(236 k)			(341 k)	(307 k)	37 k	(406 k)	(419 m)	(324 k)
Net Income	(8.2 m)	(8.3 m)	(6.8 m)	(9.2 m)	(9.7 m)	(12 m)	(9.5 m)	(4.4 m)	(4.4 m)	(3.1 m)	(6.1 m)	(10.5 b)	(9.1 m)

Annual

usd	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016	FY, 2017
Cash	1.2 m	1.7 m	31.5 m	104.4 m	68.3 m	37.3 m	34.4 m	27.5 m
Accounts Receivable				14.9 m	18.7 m	21.7 m	18.8 m	12.2 m
Inventories				2.7 m	4.8 m	4.2 m	3.8 m
Current Assets				122 m	91.7 m	63.2 m	58.3 m	45.1 m
PP&E				14.4 m	16.3 m	21.8 m	20.6 m	15.6 m
Goodwill					11.5 m	19.4 m	19.3 m	16.8 m
Total Assets				137.4 m	128.2 m	116.2 m	107.1 m	83.4 m
Accounts Payable				1 m	3.7 m	1.7 m	2.4 m	2.8 m
Short-term debt				3.3 m	2.6 m	1.4 m	1 m
Current Liabilities				17.8 m	20.4 m	15.7 m	12.6 m	14.7 m
Long-term debt
Total Debt							1 m
Total Liabilities							19.5 m	20.6 m
Additional Paid-in Capital				228.5 m	253.2 m	275.6 m	286.7 m	291.2 m
Retained Earnings				(113.2 m)	(146.4 m)	(179.7 m)	(196.2 m)	(227.7 m)
Total Equity					106.1 m	94.1 m	87.6 m	62.8 m
Debt to Equity Ratio							0 x
Debt to Assets Ratio							0 x
Financial Leverage					1.2 x	1.2 x	1.2 x	1.3 x

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	111.7 m	96.1 m	83.9 m	75.8 m	52.8 m	41.5 m	33.3 m	36.2 m	35.4 m	36.4 m	33 m	32.5 m	22 m
Accounts Receivable	13.9 m	14.8 m	16.9 m	20.1 m	19.9 m	20.3 m	22.7 m	23.9 m	23 m	20.6 m	15.9 m	13 m	11 m
Current Assets	129.1 m	114.1 m	104.4 m	99.9 m	78.7 m	68.4 m	62.6 m	64.3 m	62.7 m	61.1 m	55.5 m	51.7 m	39.9 m
PP&E	14.3 m	13.9 m	13.5 m	13.8 m	16.9 m	19.7 m	22.9 m	21.2 m	21.1 m	21.5 m	19.2 m	17.7 m	14.6 m
Goodwill			11.6 m	11.7 m	19.9 m	19.6 m	19.4 m	19.6 m	19.5 m	19.4 m	19.3 m	16.7 m	16.8 m
Total Assets	143.8 m	129.1 m	138.8 m	134.3 m	128.8 m	120.6 m	117 m	116 m	113.8 m	111.8 m	102.2 m	93.6 m	77.5 m
Accounts Payable	1.1 m	1.2 m	2.2 m	1.8 m	5.3 m	2.1 m	2.9 m	1.4 m	3 m	1.9 m	2.4 m	2 m	2.8 m
Short-term debt	3.4 m	3.1 m	2.9 m	2.8 m	3.2 m	1.9 m	1.8 m	881 k	768 k	870 k	1 m	1.1 m
Current Liabilities	18.4 m	16 m	18.3 m	20.9 m	22.5 m	18 m	19.1 m	15.9 m	15.2 m	13.8 m	12.2 m	12.1 m	12.7 m
Total Debt	3.4 m	3.1 m	2.9 m	2.8 m	3.2 m	1.9 m	1.8 m	881 k	768 k	870 k	1 m	1.1 m
Total Liabilities	23.4 m	19.4 m	21.1 m	23.2 m	24.9 m	22.6 m	24.7 m	21.9 m	21.2 m	20.3 m	18.8 m	18.6 m	18.2 m
Additional Paid-in Capital	225.5 m	231 m	245.7 m	249 m	261.6 m	267.4 m	271.2 m	279.6 m	282.8 m	284.7 m	288.4 m	289.4 m	292.1 m
Retained Earnings	(105.1 m)	(121.5 m)	(128.3 m)	(137.5 m)	(156.1 m)	(168.1 m)	(177.6 m)	(184.1 m)	(188.6 m)	(191.6 m)	(202.3 m)	(212.9 m)	(232.6 m)
Total Equity	120.4 m	109.7 m	117.7 m	111.1 m		98 m	92.3 m	94.1 m	92.6 m	91.5 m	83.4 m	75 m	59.3 m
Financial Leverage	1.2 x	1.2 x	1.2 x	1.2 x		1.2 x	1.3 x	1.2 x	1.2 x	1.2 x	1.2 x	1.2 x	1.3 x

Annual

usd	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(35.9 m)	(33.2 m)	(33.3 m)	(16.5 m)	(31.5 m)
Depreciation and Amortization	4.7 m	1.1 m	3.1 m	3.1 m	4.8 m
Accounts Receivable	(2.4 m)	(4.6 m)	(3 m)	795 k	4.8 m
Inventories	(881 k)	(2 m)	575 k	546 k
Accounts Payable	75 k	1.4 m	(1.6 m)	741 k	306 k
Cash From Operating Activities	(23.4 m)	(24.4 m)	(7.1 m)	5.7 m	(4.9 m)
Purchases of PP&E	(5 m)	(5.3 m)	(8.6 m)	(1.2 m)	(461 k)
Cash From Investing Activities	(8.2 m)	(12.6 m)	(21.9 m)	(5.9 m)	(2.5 m)
Cash From Financing Activities	104.5 m	850 k	(1.3 m)	(383 k)	(1.5 m)
Interest Paid	201 k	106 k	106 k	189 k	210 k
Income Taxes Paid	276 k	221 k	404 k	728 k	1.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q1, 2018
Net Income	(8.2 m)	(8.3 m)	(6.8 m)	(9.2 m)	(9.7 m)	(12 m)	(9.5 m)	(4.4 m)	(4.4 m)	(3.1 m)	(6.1 m)	(9.1 m)
Depreciation and Amortization			162 k	485 k	646 k	836 k	826 k	826 k	794 k	730 k	730 k	1.5 m
Accounts Receivable			16.9 m	20.1 m	19.9 m	20.3 m	22.7 m	23.9 m	23 m	20.6 m	15.9 m	1.5 m
Accounts Payable			2.2 m	1.8 m	5.3 m	2.1 m	2.9 m	1.4 m	3 m	1.9 m	2.4 m	(48 k)
Cash From Operating Activities												(4.9 m)
Purchases of PP&E												(98 k)
Cash From Investing Activities												(791 k)
Cash From Financing Activities												(266 k)

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Source: SEC Filings FY 2016, SEC Filings FY 2015, SEC Filings FY 2014

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