Financial Outlook:
Marin is providing guidance for its fourth quarter of 2023 as follows:
| Forward-Looking Guidance | |||||||||
| (In millions) | |||||||||
| Range of Estimate | |||||||||
| From | To | ||||||||
| Three Months Ending December 31, 2023 | |||||||||
| Revenues, net | $ | 4.1 | $ | 4.4 | |||||
| Non-GAAP loss from operations | (2.3 | ) | (2.0 | ) | |||||
Non-GAAP loss from operations excludes the effects of stock-based compensation expense, amortization of internally developed software, impairment of long-lived assets, capitalization of internally developed software, non-recurring costs associated with restructurings, and certain professional fees that the Company has incurred in responding to third-party subpoenas that the Company has received related to governmental investigations of Google and Facebook.
Additionally, the Company does not reconcile its forward-looking non-GAAP loss from operations, due to variability between revenues and non-cash items such as stock-based compensation. The GAAP loss from operations includes stock-based compensation expense, which is affected by hiring and retention needs, as well as the future price of Marin’s stock. As a result, a reconciliation of the forward-looking non-GAAP financial measures to the corresponding GAAP measures cannot be made without unreasonable effort.
