Marin Software Inc. said its first-quarter normalized net income amounted to a loss of 47 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 40 cents per share.
The per-share loss narrowed 57.3% year over year from $1.10.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.5 million, compared with a loss of $5.6 million in the year-earlier period.
The normalized profit margin increased to negative 9.4% from negative 21.3% in the year-earlier period.
Total revenue grew on an annual basis to $27.2 million from $26.4 million, and total operating expenses declined 12.3% year over year to $31.3 million from $35.7 million.
Reported net income totaled a loss of $4.4 million, or a loss of 82 cents per share, compared to a loss of $9.7 million, or a loss of $1.89 per share, in the prior-year period.