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Marin Software Incorporated (NASDAQ:MRIN) Q1 2024 Earnings Call Transcript

Marin Software Incorporated (NASDAQ:MRIN) Q1 2024 Earnings Call Transcript May 2, 2024

Marin Software Incorporated isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Greetings, and welcome to the Marin Software First Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Bob Bertz, Marin Software's Chief Executive -- Chief Financial Officer. Thank you. You may begin.

Bob Bertz: Thank you. Good afternoon, everyone, and welcome to Marin Software's first quarter 2024 earnings conference call. My name is Bob Bertz, I'm Marin's CFO, and 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. The release can also be obtained on our website at investors.marinsoftware.com. Call participants are advised that the audio of this conference call is being recorded for playback purposes, and that the 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.

A senior executive managing a global advertising campaign from their laptop.
A senior executive managing a global advertising campaign from their laptop.

These forward-looking statements include statements about our business outlook and strategy; our expectations for customer adoption and use of our services; historical results that may suggest trends for our business; our expectations about our ability to improve customer retention and new business bookings and to sustain or grow our business; our expectations about our expenses and cash resources; the impact of investments in product and technology; progress on product development efforts; product capabilities and benefits; our relationships with publishers and other parties in the digital advertising market; expectations for future economic activity and digital advertising spending; expected restructuring costs and cost savings from our restructuring efforts; and our expected Q2 2024 and future financial results.

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We make these statements as of May 2, 2024, and disclaim any duty to update them. For more information regarding these and other risks and uncertainties that could cause 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 reports on Form 10-Q and Form 10-K as well as 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 also be different from similar calculations or measures used by other companies. A quantitative reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is available in our first quarter 2024 earnings release.

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

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To continue reading the Q&A session, please click here.