Marin Software (MRIN) Tops Q1 EPS by 5c

Marin Software (NYSE: MRIN) reported Q1 EPS of ($0.01), $0.05 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $27.2 million versus the consensus estimate of $26.63 million.

"Our first quarter results demonstrated strong annual improvement in our gross margins and over $1.4 million in Adjusted EBITDA," said David A. Yovanno, chief executive officer of Marin Software. "With the migration of our social application to the new technology platform complete, we are actively rolling out many new and innovative product enhancements for our customers. We will continue to manage our business with discipline during the migration of our search application, and remain committed to delivering positive Adjusted EBITDA for the year. The investments we are making will enable us to capitalize on the dynamic trends in digital advertising, extend our market leadership, and fuel our longer-term growth."

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

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