Marin Software Incorporated (MRIN) financial statements (2022 and earlier)

Company profile

Business Address 123 MISSION ST
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,84214,28011,13410,21027,54434,42037,326
Cash and cash equivalents46,84214,28011,13410,21027,54434,42037,326
Restricted cash and investments2155409711,2931,2931,293 
Receivables4,6335,0638,93912,90612,23718,76121,718
Other undisclosed current assets2,3243,0393,5224,6423,9893,8084,186
Total current assets:54,01422,92224,56629,05145,06358,28263,230
Noncurrent Assets
Operating lease, right-of-use asset1,6607,7377,705
Property, plant and equipment3,6225,4778,52411,81515,55920,58121,817
Intangible assets, net (including goodwill)  953,88121,24326,64329,822
Goodwill   1,94316,76819,31819,417
Intangible assets, net (excluding goodwill)  951,9384,4757,32510,405
Other noncurrent assets5358731,4032,0451,5041,5871,323
Total noncurrent assets:5,81714,08717,72717,74138,30648,81152,962
TOTAL ASSETS:59,83137,00942,29346,79283,369107,093116,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,3644,0856,5378,3872,1611,9153,417
Accounts payable9759281,6792,6992,8262,4341,710
Accrued liabilities9628481,165866475  
Employee-related liabilities3,0912,3093,2043,6954,3723,8944,829
Taxes payable336 4891,127483210670
Other undisclosed accounts payable and accrued liabilities    (5,995)(4,623)(3,792)
Deferred revenue 1,6572,182
Debt2,2261,8694,3871,2491,4161,0151,384
Restructuring reserve      97
Customer refund liability334404376    
Deferred revenue and credits4597951,430
Customer advances and deposits2,0031,5821,463
Other liabilities1,4531,319993932521 806
Other undisclosed current liabilities2,0066,800 2,7638,1567,2997,112
Total current liabilities:11,38316,13414,47513,33114,71612,60615,709
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,0943,2805,1815491,6872,3811,557
Long-term debt, excluding current maturities1,0941,466     
Capital lease obligations5491,687  
Operating lease, liability 1,8145,181
Other undisclosed long-term debt and lease obligation     2,3811,557
Liabilities, other than long-term debt1,0961,7801,5773,5414,1834,5084,795
Other liabilities1,0961,7801,5773,5414,1834,5084,795
Total noncurrent liabilities:2,1905,0606,7584,0905,8706,8896,352
Total liabilities:13,57321,19421,23317,42120,58619,49522,061
Temporary equity, carrying amount      105,710
Stockholders' equity
Stockholders' equity attributable to parent46,25815,81521,06029,37162,78387,59894,131
Common stock15107663937
Additional paid in capital351,394308,065299,263295,116291,163286,659275,604
Accumulated other comprehensive loss(1,044)(1,097)(1,098)(1,038)(682)(2,887)(1,777)
Accumulated deficit(304,107)(291,163)(277,112)(264,713)(227,704)(196,213)(179,733)
Other undisclosed stockholders' equity      (105,710)
Total stockholders' equity:46,25815,81521,06029,37162,78387,598(11,579)
TOTAL LIABILITIES AND EQUITY:59,83137,00942,29346,79283,369107,093116,192

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24,42029,98349,03658,63174,99199,878108,530
Cost of revenue(12,885)(17,946)(22,843)(27,154)(32,520)(35,203)(40,137)
Gross profit:11,53512,03726,19331,47742,47164,67568,393
Operating expenses(25,597)(28,332)(46,037)(73,728)(72,741)(80,620)(100,841)
Operating loss:(14,062)(16,295)(19,844)(42,251)(30,270)(15,945)(32,448)
Nonoperating income (expense)9841,5337,3161,798(1,106)995478
Investment income, nonoperating  5,064    
Foreign currency transaction gain (loss), before tax   205(1,029)(3)256
Other nonoperating income (expense)9841,5332,2521,593(77)998222
Interest and debt expense(6)(22)(64)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (205)892(126)(374)
Loss from continuing operations before equity method investments, income taxes:(13,084)(14,784)(12,592)(40,658)(30,484)(15,076)(32,344)
Other undisclosed income from continuing operations before income taxes62264    
Loss from continuing operations before income taxes:(13,078)(14,762)(12,528)(40,658)(30,484)(15,076)(32,344)
Income tax expense (benefit)134711120(586)(1,007)(1,404)(1,005)
Net loss available to common stockholders, diluted:(12,944)(14,051)(12,408)(41,244)(31,491)(16,480)(33,349)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(12,944)(14,051)(12,408)(41,244)(31,491)(16,480)(33,349)
Comprehensive loss:(12,944)(14,051)(12,408)(41,244)(31,491)(16,480)(33,349)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent531(60)(356)2,205(1,110)(1,030)
Comprehensive loss, net of tax, attributable to parent:(12,891)(14,050)(12,468)(41,600)(29,286)(17,590)(34,379)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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