Marin Software: Falls after dismal preliminary Q3 numbers

Marin Software

26/10/2020 14:03

** Digital marketing software provider's shares  MRIN.O 
fall 5.2% to $3.63 
    ** Co announces estimated preliminary Q3 rev. of $6.8 mln,
down from $11.7 mln a year earlier  urn:newsml:reuters.com:*:nPnfQwKYa
    ** MRIN estimates Q3 loss from operations to be $4.2
mln-$4.5 mln vs $4.1 mln a year earlier
    ** On adj. basis, co estimates loss from operations to be 
$2.7 mln-$3 mln vs $2.9 mln a year earlier
    ** MRIN shares are up 163% YTD

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com))