Marin Software (NYSE: MRIN) reported Q4 EPS of ($0.92). Revenue for the quarter came in at $17.7 million, versus $0 reported last year.

Fourth Quarter 2017 Financial Highlights:

• Net revenues totaled $17.7 million, a year-over-year decrease of 23%, when compared to $22.9 million in the fourth quarter of 2016.
• GAAP gross profit was $10.0 million, resulting in a gross margin of 56%, compared to GAAP gross profit of $14.5 million and a gross margin of 63% during the fourth quarter of 2016. Non-GAAP gross profit was $11.4 million, resulting in a non-GAAP gross margin of 64%, compared to non-GAAP gross profit of $15.8 million and a non-GAAP gross margin of 69% during the fourth quarter of 2016.
• GAAP loss from operations was ($7.5) million, resulting in a GAAP operating margin of (42%), compared to a GAAP loss from operations of ($4.1) million and a GAAP operating margin of (18%) for the fourth quarter of 2016. Non-GAAP loss from operations was ($5.4) million, resulting in a non-GAAP operating margin of (31%), as compared to a non-GAAP loss from operations of ($1.4) million and a non-GAAP operating margin of (6%) for the fourth quarter of 2016.
• GAAP net loss was ($7.3) million, or ($1.28) per share, based upon 5.7 million weighted average shares outstanding. This compares to ($4.6) million, or ($0.83) per share, based upon 5.5 million weighted average shares outstanding during the fourth quarter of 2016.
• Non-GAAP net loss was ($5.2) million, or ($0.92) per share, based upon 5.7 million weighted average shares outstanding. This compares to ($1.9) million, or ($0.33) per share, based upon 5.5 million weighted average shares outstanding during the fourth quarter of 2016.
• Adjusted EBITDA was ($4.4) million, compared to $0.03 million in the fourth quarter of 2016.

GUIDANCE:

Marin Software sees Q1 2018 EPS of ($1.36)-($1.28). Marin Software sees Q1 2018 revenue of $14.3-14.8 billion.

For earnings history and earnings-related data on Marin Software (MRIN) click here.