Marin Software Incorporated (NYSE:MRIN) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 05:00 pm ET


Marin Software Incorporated (NYSE:MRIN) Q3 2019 Earnings Conference Call - Final Transcript


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Thank you for standing by. This is the conference operator. Welcome to the Marin Software's Third Quarter 2019 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to Mr. Brad Kinnish. Please go ahead.

Brad Kinnish

Thank you. Good afternoon, everyone, and welcome to Marin Software's third quarter 2019 earnings conference call. My name is Brad Kinnish, Marin's CFO. Joining me today is Chris Lien, Marin's CEO. By now, you should have received a copy of our earnings release, which crossed the wire a short time ago. If you need a copy of the release, please go to to find an electronic version. Call participants are advised that the audio of this conference call is being recorded for playback purposes and that this recording will be made available on the Investor Relations section of our website within a few hours.

Before we begin, I'd like to note that our discussion today will include forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements include statements about our business outlook and strategy; historical results that may suggest trends for our business; our expectations about our ability to improve customer retention and new bookings and return to growth; our ability to manage our expenses and cash resources; impact of investments in product and technology; progress on product development efforts; product capabilities; and future financial results.

We make these statements as of November 7, 2019, and disclaim any duty to update them. For more information regarding these and other risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in these forward-looking statements as well as risks relating to our business in general, we refer you to the section entitled Risk Factors in our most recent report on Form 10-Q and our other SEC filings. This presentation contains certain financial performance measures that are different from the financial measures calculated in accordance with GAAP and may be different from similar calculations or measures used by other companies. The quantitative reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is available in our third quarter 2019 earnings release.

With that, let me turn the call over to Chris.

Chris Lien

Thank you, Brad. Good afternoon, everyone, and thank you for joining our call today. I'll review the quarter and provide an update on our initiatives to return Marin to growth. Brad will then provide additional detail on our third quarter results and our outlook for Q4. As we've discussed before, we remain focused on returning Marin to growth and maximizing shareholder value. We intend to achieve this by delivering a leading cross-channel advertising management platform to enable brands and their agencies to grow and optimize returns from their online advertising investments. We call this platform MarinOne.

Our efforts to return Marin to growth are taking longer than any of us would have preferred, and our revenues continue to be under