Marin Software: Not Much Room For Error As Ad Demand Declines
AlexSecret
Marine Software (NASDAQ:MRIN), which provides enterprise marketing software for advertisers and agencies in various markets around the world, continues to struggle to gain momentum and generate sustainable revenue and earnings, and as overall economic conditions point to a possible contraction of ad spending in 2023; especially in the first half.
With Google (GOOG) cutting its quarterly contract with MRIN from $2.3 million, which accounted for approximately 46 percent of its quarterly revenue, to $1.8 million a quarter, it instantly lowered total revenue by over 10 percent; something I think the company is going to struggle to make up for…