$MRIN
MARIN SOFTWARE INC

2013 Q2 Form 10-Q Financial Statement

#000119312513208271 Filed on May 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $18.22M $17.16M $12.97M
YoY Change 29.83% 32.23%
Cost Of Revenue $7.696M $7.372M $5.254M
YoY Change 28.5% 40.31%
Gross Profit $10.52M $9.783M $7.720M
YoY Change 30.82% 26.72%
Gross Profit Margin 57.76% 57.03% 59.5%
Selling, General & Admin $14.38M $14.51M $11.25M
YoY Change 36.42% 29.01%
% of Gross Profit 136.63% 148.29% 145.66%
Research & Development $4.904M $5.079M $2.967M
YoY Change 59.32% 71.18%
% of Gross Profit 46.61% 51.92% 38.43%
Depreciation & Amortization $1.370M $1.235M $584.0K
YoY Change 90.28% 111.47%
% of Gross Profit 13.02% 12.62% 7.56%
Operating Expenses $19.28M $19.59M $14.21M
YoY Change 41.6% 37.81%
Operating Profit -$8.758M -$9.803M -$6.492M
YoY Change 57.15% 51.0%
Interest Expense -$110.0K -$180.0K -$110.0K
YoY Change 10.0% 63.64%
% of Operating Profit
Other Income/Expense, Net -$81.00K -$408.0K -$103.0K
YoY Change -13.83% 296.12%
Pretax Income -$8.948M -$10.40M -$6.705M
YoY Change 55.1% 55.03%
Income Tax $149.0K $106.0K $49.00K
% Of Pretax Income
Net Earnings -$9.097M -$10.50M -$6.754M
YoY Change 56.2% 55.48%
Net Earnings / Revenue -49.93% -61.21% -52.06%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.974M -$10.00M -$11.07M
COMMON SHARES
Basic Shares Outstanding 32.59M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.6M $115.5M
YoY Change
Cash & Equivalents $120.6M $115.5M $26.98M
Short-Term Investments
Other Short-Term Assets $3.300M $2.900M
YoY Change
Inventory
Prepaid Expenses
Receivables $12.35M $12.12M
Other Receivables $0.00 $0.00
Total Short-Term Assets $136.3M $130.5M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.43M $11.33M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $397.0K $397.0K
YoY Change
Total Long-Term Assets $13.82M $11.72M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $136.3M $130.5M
Total Long-Term Assets $13.82M $11.72M
Total Assets $150.1M $142.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.570M $2.473M
YoY Change
Accrued Expenses $10.60M $11.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.782M $2.551M
YoY Change
Total Short-Term Liabilities $18.75M $17.42M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.066M $3.454M
YoY Change
Other Long-Term Liabilities $1.496M $1.670M
YoY Change
Total Long-Term Liabilities $4.562M $5.124M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $18.75M $17.42M
Total Long-Term Liabilities $4.562M $5.124M
Total Liabilities $23.31M $22.55M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$96.95M -$87.85M
YoY Change
Common Stock $32.00K $31.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $126.8M $119.7M
YoY Change
Total Liabilities & Shareholders Equity $150.1M $142.3M
YoY Change

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$9.097M -$10.50M -$6.754M
YoY Change 56.2% 55.48%
Depreciation, Depletion And Amortization $1.370M $1.235M $584.0K
YoY Change 90.28% 111.47%
Cash From Operating Activities -$4.440M -$6.190M -$3.007M
YoY Change -15.75% 105.85%
INVESTING ACTIVITIES
Capital Expenditures -$2.860M $992.0K $1.337M
YoY Change 39.51% -25.8%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.860M -$1.624M -$1.640M
YoY Change 39.51% -0.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.39M 91.76M 29.91M
YoY Change 117.75% 206.85%
NET CHANGE
Cash From Operating Activities -4.440M -6.190M -3.007M
Cash From Investing Activities -2.860M -1.624M -1.640M
Cash From Financing Activities 12.39M 91.76M 29.91M
Net Change In Cash 5.090M 83.95M 25.26M
YoY Change -412.27% 232.37%
FREE CASH FLOW
Cash From Operating Activities -$4.440M -$6.190M -$3.007M
Capital Expenditures -$2.860M $992.0K $1.337M
Free Cash Flow -$1.580M -$7.182M -$4.344M
YoY Change -50.93% 65.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
32588278 shares
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26977000
CY2012Q1 us-gaap Accounts Payable Related Parties Noncurrent
AccountsPayableRelatedPartiesNoncurrent
259000
CY2012Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20675000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
53386000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.86
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
2409000
CY2013Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4391000
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
508000
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
858000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4816 shares
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
17421000
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2940000
CY2013Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
11015000
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-87850000
CY2013Q1 us-gaap Assets
Assets
142269000
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
309000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
51833000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
115490000
CY2013Q1 us-gaap Noncurrent Assets
NoncurrentAssets
11326000
CY2013Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
5303000
CY2013Q1 us-gaap Deferred Revenue
DeferredRevenue
1382000
CY2013Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2581000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.86
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12116000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5046 shares
CY2013Q1 us-gaap Accounts Payable Related Parties Noncurrent
AccountsPayableRelatedPartiesNoncurrent
1242000
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18745000
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
397000
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
142269000
CY2013Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31427000 shares
CY2013Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
13327000 shares
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
31000
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5046 shares
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
1855000
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1912000
CY2013Q1 us-gaap Liabilities
Liabilities
22545000
CY2013Q1 us-gaap Long Term Debt
LongTermDebt
6313000
CY2013Q1 us-gaap Other Liabilities
OtherLiabilities
759000
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
13074000
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5056000
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
110936000
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11326000
CY2013Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2551000
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3578000
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31125000 shares
CY2013Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
562000
CY2013Q1 us-gaap Assets Current
AssetsCurrent
130546000
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
12121000
CY2013Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
241000
CY2013Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
207543000
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7419000
CY2013Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3454000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.67
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
1740000
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
119724000
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
53386000
CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1670000
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
717000
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
2473000
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingNumber
1906 shares
CY2013Q1 mrin Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
11015000
CY2013Q1 mrin Outstanding Checks Unpresented For Payment
OutstandingChecksUnpresentedForPayment
369000
CY2013Q1 mrin Long Term Debt Discount
LongTermDebtDiscount
308000
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Vested Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedPeriodWeightedAverageExercisePrice
2.27
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingAggregateIntrinsicValue
26976000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1719000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
34439000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
36000000 shares
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4771000
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
18804000 shares
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13119000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1814000
CY2012Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
9661000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-77349000
CY2012Q4 us-gaap Assets
Assets
57224000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31540000
CY2012Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9224000
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3882000
CY2012Q4 us-gaap Deferred Revenue
DeferredRevenue
618000
CY2012Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2176000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.17
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13133000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4314 shares
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15425000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1513000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
57224000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4942000 shares
CY2012Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
26131000 shares
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
5000
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
18753000 shares
CY2012Q4 us-gaap Liabilities
Liabilities
24220000
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
991000
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
17000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
46487000
CY2012Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
19930000
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
18753000 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
105710000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9224000
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1572000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4658000 shares
CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
452000
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4638000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6201000
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9243000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-72706000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1858000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1268000
CY2012Q4 mrin Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
9661000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M10D
CY2012 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
All of the outstanding shares of Preferred Stock converted into Common Stock at the conversion rate of 1:1.
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001389002
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Trading Symbol
TradingSymbol
MRIN
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
MARIN SOFTWARE INC
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-408000
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M28D
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
235 shares
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1235000
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
407000
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-16000
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.43
CY2013Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
632000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1624000
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.10
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
83950000
CY2013Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
105000000
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5079000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
119 shares
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y2M19D
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-933000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10395000
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7365000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1225000
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.15
CY2013Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
84000
CY2013Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10459000
CY2013Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1616000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-9803000
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M19D
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-10501000
CY2013Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1667000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1086 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0113 pure
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0.070 pure
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4048000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
91764000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.558 pure
CY2013Q1 us-gaap Gross Profit
GrossProfit
9783000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10501000
CY2013Q1 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
227000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
757000
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-184000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
19586000
CY2013Q1 us-gaap Revenues
Revenues
17155000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106000
CY2013Q1 mrin Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
769000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
992000
CY2013Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1004000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.35
CY2013Q1 us-gaap Depreciation
Depreciation
1008000
CY2013Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1225000
CY2013Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-7553000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
496000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6190000
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
7372000
CY2012Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
303000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1640000
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2967000
CY2012Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2013Q1 mrin Conversion Of Preferred Stock Warrant To Common Stock Warrant
ConversionOfPreferredStockWarrantToCommonStockWarrant
745000
CY2013Q1 mrin Conversion Of Convertible Preferred Stock Into Common Stock
ConversionOfConvertiblePreferredStockIntoCommonStock
105710000
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageRemainingContractualTerm
P6Y9M
CY2013Q1 mrin Receivables From Stock Option Exercise
ReceivablesFromStockOptionExercise
369000
CY2013Q1 mrin Offering Costs Payable
OfferingCostsPayable
2281000
CY2013Q1 mrin Capitalization Of Software Development Costs
CapitalizationOfSoftwareDevelopmentCosts
632000
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1102000
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodAggregateIntrinsicValue
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateAggregateIntrinsicValue
CY2013Q1 mrin Amortization Of Internal Software Development
AmortizationOfInternalSoftwareDevelopment
227000
CY2013Q1 mrin Weighted Average Period For Unrecognized Estimated Compensation Cost Related To Stock Options
WeightedAveragePeriodForUnrecognizedEstimatedCompensationCostRelatedToStockOptions
P3Y
CY2013Q1 mrin Noncash Interest Expense On Warrants
NoncashInterestExpenseOnWarrants
310000
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Yield
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendYield
pure
CY2013Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2Granted
P9Y9M18D
CY2013Q1 mrin Unpaid Deferred Offering Costs
UnpaidDeferredOfferingCosts
2281000
CY2013Q1 mrin Pre Tax Income Loss
PreTaxIncomeLoss
10395000
CY2013Q1 mrin Proceeds From Issuance Initial Public Offering Net Of Costs
ProceedsFromIssuanceInitialPublicOfferingNetOfCosts
97258000
CY2013Q1 mrin Payments For Repurchase Of Common Stock And Unvested Shares
PaymentsForRepurchaseOfCommonStockAndUnvestedShares
15000
CY2013Q1 mrin Proceeds From Common Stock Purchase Agreement And Options Exercised
ProceedsFromCommonStockPurchaseAgreementAndOptionsExercised
407000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-103000
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
584000
CY2012Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
394000
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
71000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.59
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6705000
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4254000 shares
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2891000
CY2012Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
140000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
25258000
CY2012Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6852000
CY2012Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
895000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-6492000
CY2012Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-56000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-6754000
CY2012Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2376000
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0115 pure
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4393000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29905000
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.570 pure
CY2012Q1 us-gaap Gross Profit
GrossProfit
7720000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6754000
CY2012Q1 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
96000
CY2012Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
34294000
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-403000
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-110000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
14212000
CY2012Q1 us-gaap Revenues
Revenues
12974000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1337000
CY2012Q1 us-gaap Depreciation
Depreciation
488000
CY2012Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2891000
CY2012Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-2921000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-107000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3007000
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
5254000
CY2012Q1 mrin Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
730000
CY2012Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0.032 pure
CY2012Q1 mrin Capitalization Of Software Development Costs
CapitalizationOfSoftwareDevelopmentCosts
303000
CY2012Q1 mrin Amortization Of Internal Software Development
AmortizationOfInternalSoftwareDevelopment
96000
CY2012Q1 mrin Noncash Interest Expense On Warrants
NoncashInterestExpenseOnWarrants
223000
CY2012Q1 mrin Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Yield
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendYield
pure
CY2012Q1 mrin Pre Tax Income Loss
PreTaxIncomeLoss
6705000
CY2012Q1 mrin Payments For Repurchase Of Common Stock And Unvested Shares
PaymentsForRepurchaseOfCommonStockAndUnvestedShares
4488000
CY2012Q1 mrin Proceeds From Common Stock Purchase Agreement And Options Exercised
ProceedsFromCommonStockPurchaseAgreementAndOptionsExercised
644000

Files In Submission

Name View Source Status
0001193125-13-208271-index-headers.html Edgar Link pending
0001193125-13-208271-index.html Edgar Link pending
0001193125-13-208271.txt Edgar Link pending
0001193125-13-208271-xbrl.zip Edgar Link pending
d510299d10q.htm Edgar Link pending
d510299dex31.htm Edgar Link pending
d510299dex311.htm Edgar Link pending
d510299dex312.htm Edgar Link pending
d510299dex32.htm Edgar Link pending
d510299dex321.htm Edgar Link pending
d510299dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mrin-20130331.xml Edgar Link completed
mrin-20130331.xsd Edgar Link pending
mrin-20130331_cal.xml Edgar Link unprocessable
mrin-20130331_def.xml Edgar Link unprocessable
mrin-20130331_lab.xml Edgar Link unprocessable
mrin-20130331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending