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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,84249,72713,94614,67114,2807,97810,798
Cash and cash equivalents46,84249,72713,94614,67114,2807,97810,798
Restricted cash and investments215431431540540972972
Receivables4,6334,6134,3784,4835,0635,4326,000
Other undisclosed current assets2,3242,8272,2442,7533,0393,0292,681
Total current assets:54,01457,59820,99922,44722,92217,41120,451
Noncurrent Assets
Operating lease, right-of-use asset1,6602,7404,1455,5387,7379,33610,838
Property, plant and equipment3,6224,0124,4415,0225,4775,9696,506
Other noncurrent assets535684690711873913928
Total noncurrent assets:5,8177,4369,27611,27114,08716,21818,272
TOTAL ASSETS:59,83165,03430,27533,71837,00933,62938,723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3643,9763,2972,6604,0854,0423,880
Accounts payable9757916004849281,1941,154
Accrued liabilities962673659642848970734
Employee-related liabilities3,0912,5122,0381,5342,3091,5081,562
Taxes payable336    370430
Deferred revenue  5581,1161,6572,2322,216
Debt2,2262,2261,8542,0441,8692,1011,529
Customer refund liability334389348386404466351
Other liabilities1,4532,2491,7431,3821,3191,5041,405
Other undisclosed current liabilities2,0063,2224,5055,2426,8006,8206,813
Total current liabilities:11,38312,06212,30512,83016,13417,16516,194
Noncurrent Liabilities
Long-term debt and lease obligation1,0941,0941,7312,3313,2804,7707,093
Long-term debt, excluding current maturities1,0941,0941,4661,2801,4661,2872,028
Operating lease, liability  2651,0511,8143,4835,065
Liabilities, other than long-term debt1,0961,1541,5621,7271,780884864
Other liabilities1,0961,1541,5621,7271,780884864
Total noncurrent liabilities:2,1902,2483,2934,0585,0605,6547,957
Total liabilities:13,57314,31015,59816,88821,19422,81924,151
Stockholders' equity
Stockholders' equity attributable to parent46,25850,72414,67716,83015,81510,81014,572
Common stock151511111077
Additional paid in capital351,394350,822311,675311,342308,065300,490300,139
Accumulated other comprehensive loss(1,044)(1,107)(1,133)(1,148)(1,097)(1,051)(1,010)
Accumulated deficit(304,107)(299,006)(295,876)(293,375)(291,163)(288,636)(284,564)
Total stockholders' equity:46,25850,72414,67716,83015,81510,81014,572
TOTAL LIABILITIES AND EQUITY:59,83165,03430,27533,71837,00933,62938,723

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues5,8636,1556,0946,3087,2526,7967,275
Cost of revenue(3,294)(3,175)(3,175)(3,241)(3,693)(4,323)(4,585)
Gross profit:2,5692,9802,9193,0673,5592,4732,690
Operating expenses(7,898)(6,255)(5,930)(5,514)(6,645)(6,728)(7,229)
Operating loss:(5,329)(3,275)(3,011)(2,447)(3,086)(4,255)(4,539)
Nonoperating income
(Other Nonoperating income)
138298221327416111537
Interest and debt expense   (5)(8)(1)(5)
Loss from continuing operations before equity method investments, income taxes:(5,191)(2,977)(2,790)(2,125)(2,678)(4,145)(4,007)
Other undisclosed income from continuing operations before income taxes   5815
Loss from continuing operations before income taxes:(5,191)(2,977)(2,790)(2,120)(2,670)(4,144)(4,002)
Income tax expense (benefit)90(153)289(92)14372521
Net loss available to common stockholders, diluted:(5,101)(3,130)(2,501)(2,212)(2,527)(4,072)(3,481)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(5,101)(3,130)(2,501)(2,212)(2,527)(4,072)(3,481)
Comprehensive loss:(5,101)(3,130)(2,501)(2,212)(2,527)(4,072)(3,481)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent632615(51)(46)(41)5
Comprehensive loss, net of tax, attributable to parent:(5,038)(3,104)(2,486)(2,263)(2,573)(4,113)(3,476)

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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