SMART MONEY GROUP

[crudeoil24]

MRIN bouncing back some 3.72 > (MRIN) shares rallied in the extended session Monday after the cloud-based digital advertising management company said it entered into a revenue-share agreement with Alphabet Inc.'s (GOOGL)(GOOGL) Google. Marin Software shares rallied 60% after hours, following a 16% drop to close the regular session at $2.56. In a filing with the Securities and Exchange Commission, Marin said it will receive revenue payments from Google based on "revenue generated on the company's tech platform in connection with the company's clients' spend on Search Ads (as defined in the Agreement) appearing on Google Search only, during a relevant calendar quarter" and "in connection with its clients' spend on Search Ads appearing on the Eligible Search Engines (as defined in the Agreement), excluding Google Search, during the relevant Contract Year." In a separate statement, Marin said it now expects fourth-quarter revenue of $14.6 million to $15.1 million, after previously stating a range of $11.6 million to $12.1 million. Marin now expects an adjusted operating loss of $2.4 million to $2.9 million, after previously predicting a loss of $5.4 million to $5.9 million.

-Wallace Witkowski; 415-439-6400; [e-mail]

(END) Dow Jones Newswires