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

Nov 07, 2019 • 05:00 pm ET

Previous

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

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Brad Kinnish

our GAAP to non-GAAP financial measures can be found in our earnings release. For the third quarter, our non-GAAP operating loss was $2.9 million as compared to a loss of $4.8 million for the third quarter of 2018. The $2.9 million operating loss was $100,000 better than the high end of our guidance for the quarter. During the quarter, we continued to take meaningful steps to reduce our overall cost structure. Our total headcount ended the quarter at 257, down from 292 at year-end. Similarly, our overall non-GAAP operating expenses were down 19% on a year-over-year basis.

During the remainder of 2019, we will continue to align our cost with revenue as we seek to operate at breakeven. In terms of our balance sheet, our cash ended the quarter at $10.1 million, representing a cash decline of $700,000 over the previous quarter. Our cash balance has benefited from strong collections of accounts receivable and effective working capital management during the quarter, which helped offset our net loss. During the quarter, we did not sell any shares via our at-the-market equity distribution agreement.

Now moving on to our outlook. For Q4, we expect revenues to be in the range of $10.4 million to $10.9 million and non-GAAP operating loss is expected to be in the range of $3.2 million to $3.7 million.

That concludes our call for today. We want to thank you for your time, and we look forward to updating you again at the end of Q4 2019.

Operator
Operator

[Operator Closing Remarks]