Marin Software falls after Q2 revenue declines

Marin Software

02/08/2021 12:22

** Digital marketing software provider's shares  MRIN.O 
fall 12.3% to $7.26 in premarket trading
    ** On Friday, MRIN said Q2 revenue fell 16% to $6.1 mln y/y
 urn:newsml:reuters.com:*:nPn7md8NZa
    ** Co posted Q2 loss per share of $0.23 vs. loss of $0.50
per share a year earlier 
    ** MRIN joined the "meme stocks" club only in June,
garnering attention from individual traders on social media who
have bid up shares of a group of heavily shorted U.S.-listed
stocks this year, including video game retailer GameStop Corp
 GME.N  and cinema operator AMC Entertainment Holdings Inc
 AMC.N   urn:newsml:reuters.com:*:nL3N2O62XF
    ** Co counts Gap Inc  GPS.N , Dell Technologies  DELL.N  and
American Eagle Outfitters  AEO.N  as its customers
    ** Up to last close, stock up ~310% YTD
    ** Co has short interest of 18.02% to its outstanding shares
- Lynx Insights data

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))