Marin Software Inc
NASDAQ:MRIN
Income Statement
Earnings Waterfall
Marin Software Inc
Revenue
|
17.7m
USD
|
Cost of Revenue
|
-11m
USD
|
Gross Profit
|
6.8m
USD
|
Operating Expenses
|
-24.5m
USD
|
Operating Income
|
-17.7m
USD
|
Other Expenses
|
-4.2m
USD
|
Net Income
|
-21.9m
USD
|
Income Statement
Marin Software Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
77
N/A
|
83
+7%
|
89
+7%
|
94
+6%
|
99
+6%
|
103
+4%
|
106
+3%
|
107
+1%
|
109
+2%
|
109
+1%
|
108
-1%
|
106
-2%
|
100
-6%
|
93
-7%
|
86
-8%
|
80
-7%
|
75
-6%
|
70
-7%
|
66
-6%
|
60
-8%
|
59
-3%
|
57
-3%
|
55
-3%
|
53
-3%
|
49
-8%
|
44
-10%
|
39
-12%
|
34
-13%
|
30
-12%
|
28
-8%
|
26
-4%
|
26
-2%
|
24
-5%
|
23
-5%
|
22
-6%
|
21
-5%
|
20
-3%
|
19
-3%
|
19
-2%
|
19
-3%
|
18
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(31)
|
(32)
|
(33)
|
(34)
|
(36)
|
(37)
|
(39)
|
(40)
|
(40)
|
(39)
|
(38)
|
(36)
|
(35)
|
(34)
|
(34)
|
(33)
|
(33)
|
(32)
|
(30)
|
(29)
|
(27)
|
(25)
|
(24)
|
(23)
|
(23)
|
(22)
|
(21)
|
(19)
|
(17)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
|
Gross Profit |
46
N/A
|
51
+10%
|
55
+9%
|
60
+8%
|
64
+7%
|
66
+4%
|
67
+2%
|
67
-1%
|
69
+3%
|
70
+2%
|
71
+1%
|
70
-1%
|
65
-7%
|
59
-9%
|
52
-11%
|
47
-10%
|
43
-10%
|
38
-10%
|
35
-8%
|
32
-9%
|
32
-1%
|
31
-1%
|
31
-2%
|
30
-2%
|
26
-12%
|
22
-17%
|
18
-18%
|
15
-17%
|
13
-16%
|
12
-2%
|
13
+2%
|
13
0%
|
12
-7%
|
10
-11%
|
9
-14%
|
8
-13%
|
7
-7%
|
7
-6%
|
6
-5%
|
7
+3%
|
7
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(81)
|
(83)
|
(88)
|
(94)
|
(98)
|
(102)
|
(106)
|
(104)
|
(100)
|
(97)
|
(89)
|
(83)
|
(80)
|
(77)
|
(72)
|
(71)
|
(70)
|
(68)
|
(67)
|
(63)
|
(58)
|
(54)
|
(50)
|
(46)
|
(44)
|
(39)
|
(35)
|
(31)
|
(28)
|
(27)
|
(25)
|
(24)
|
(26)
|
(27)
|
(25)
|
(27)
|
(29)
|
(29)
|
(29)
|
(27)
|
(24)
|
|
Selling, General & Administrative |
(60)
|
(62)
|
(65)
|
(67)
|
(69)
|
(70)
|
(71)
|
(69)
|
(66)
|
(62)
|
(57)
|
(54)
|
(51)
|
(48)
|
(45)
|
(43)
|
(43)
|
(42)
|
(41)
|
(39)
|
(35)
|
(33)
|
(29)
|
(28)
|
(26)
|
(22)
|
(20)
|
(17)
|
(15)
|
(14)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(17)
|
(17)
|
(18)
|
(16)
|
(15)
|
|
Research & Development |
(21)
|
(22)
|
(23)
|
(26)
|
(28)
|
(31)
|
(33)
|
(33)
|
(32)
|
(32)
|
(30)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(22)
|
(21)
|
(20)
|
(19)
|
(18)
|
(17)
|
(16)
|
(15)
|
(14)
|
(13)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(9)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(34)
N/A
|
(33)
+5%
|
(33)
0%
|
(34)
-4%
|
(34)
N/A
|
(36)
-5%
|
(38)
-8%
|
(37)
+3%
|
(31)
+16%
|
(27)
+14%
|
(18)
+33%
|
(13)
+26%
|
(15)
-14%
|
(18)
-17%
|
(20)
-12%
|
(24)
-20%
|
(28)
-15%
|
(30)
-8%
|
(31)
-5%
|
(31)
+1%
|
(26)
+15%
|
(23)
+13%
|
(19)
+17%
|
(16)
+15%
|
(18)
-8%
|
(17)
+4%
|
(17)
-1%
|
(16)
+5%
|
(15)
+6%
|
(14)
+5%
|
(13)
+11%
|
(12)
+8%
|
(14)
-17%
|
(17)
-22%
|
(16)
+3%
|
(19)
-15%
|
(22)
-16%
|
(23)
-3%
|
(23)
-2%
|
(21)
+11%
|
(18)
+14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(2)
|
(1)
|
(1)
|
0
|
(3)
|
(3)
|
(3)
|
(4)
|
(1)
|
(16)
|
(16)
|
(15)
|
(15)
|
(0)
|
3
|
3
|
3
|
2
|
(1)
|
0
|
0
|
0
|
(0)
|
3
|
0
|
0
|
3
|
0
|
0
|
(2)
|
(5)
|
|
Total Other Income |
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Pre-Tax Income |
(35)
N/A
|
(33)
+6%
|
(33)
-1%
|
(34)
-3%
|
(35)
-1%
|
(36)
-4%
|
(39)
-7%
|
(39)
-1%
|
(32)
+17%
|
(27)
+16%
|
(19)
+29%
|
(13)
+32%
|
(15)
-15%
|
(17)
-11%
|
(23)
-36%
|
(27)
-19%
|
(31)
-13%
|
(34)
-10%
|
(32)
+6%
|
(46)
-44%
|
(41)
+11%
|
(36)
+10%
|
(32)
+11%
|
(14)
+56%
|
(13)
+13%
|
(12)
+5%
|
(12)
0%
|
(13)
-6%
|
(15)
-17%
|
(13)
+13%
|
(12)
+9%
|
(11)
+10%
|
(13)
-24%
|
(13)
+2%
|
(15)
-19%
|
(18)
-17%
|
(18)
+1%
|
(22)
-21%
|
(22)
-2%
|
(22)
+3%
|
(22)
-3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
2
|
2
|
2
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Income from Continuing Operations |
(36)
|
(34)
|
(31)
|
(32)
|
(33)
|
(35)
|
(40)
|
(40)
|
(33)
|
(28)
|
(20)
|
(14)
|
(17)
|
(18)
|
(24)
|
(29)
|
(32)
|
(34)
|
(32)
|
(46)
|
(41)
|
(37)
|
(32)
|
(14)
|
(12)
|
(12)
|
(11)
|
(12)
|
(14)
|
(12)
|
(11)
|
(10)
|
(13)
|
(13)
|
(16)
|
(18)
|
(18)
|
(22)
|
(23)
|
(22)
|
(22)
|
|
Net Income (Common) |
(36)
N/A
|
(34)
+6%
|
(31)
+7%
|
(32)
-3%
|
(33)
-2%
|
(35)
-4%
|
(40)
-15%
|
(40)
-1%
|
(33)
+17%
|
(28)
+16%
|
(20)
+27%
|
(14)
+32%
|
(17)
-18%
|
(18)
-10%
|
(24)
-34%
|
(29)
-18%
|
(32)
-9%
|
(34)
-9%
|
(32)
+7%
|
(46)
-43%
|
(41)
+11%
|
(37)
+11%
|
(32)
+12%
|
(14)
+56%
|
(12)
+13%
|
(12)
+5%
|
(11)
+4%
|
(12)
-7%
|
(14)
-17%
|
(12)
+13%
|
(11)
+8%
|
(10)
+8%
|
(13)
-24%
|
(13)
+1%
|
(16)
-23%
|
(18)
-17%
|
(18)
+0%
|
(22)
-21%
|
(23)
-2%
|
(22)
+4%
|
(22)
-1%
|