Marin Software Inc. (NYSE: MRIN) said its fourth quarter net revenues totaled USD21.8m, a year-over-year increase of 28% when compared to USD17.1m in the prior year period.
GAAP gross profit was USD13.7m, resulting in gross margin of 63%, compared to GAAP gross margin of 59% during the fourth quarter of 2012. Non-GAAP gross profit was USD14.3m, resulting in non-GAAP gross margin of 66%, compared to non-GAAP gross margin of 61% during the fourth quarter of 2012.
GAAP loss from operations was (USD7.9)m, compared to (USD6.8)m for the fourth quarter of 2012. GAAP operating margin was (36%), compared to (40%) during the fourth quarter of 2012. Non-GAAP loss from operations was (USD6.9)m, compared to (USD6.4)m for the fourth quarter of 2012. Non-GAAP operating margin was (32%), compared to (37%) during the fourth quarter of 2012.
Net loss was (USD8.1)m or (USD0.25) per share based on 32.8m weighted average shares outstanding. This compares to a net loss of (USD7.3)m or (USD1.59) per share based upon 4.6m weighted average shares outstanding for the fourth quarter of 2012.
Marin Software provides a leading revenue acquisition management platform. Headquartered in San Francisco, with offices worldwide, Marin´s technology powers marketing campaigns in more than 160 countries. For more information about Marin´s products, visit: http://www.marinsoftware.com/solutions/overview.