02:01 PM EDT, 05/03/2024 (MT Newswires) -- Marin Software ( MRIN ) shares plunged more than 18% in recent Friday trading following its Q1 results in the previous day.

Late Thursday, Marin reported Q1 non-GAAP net loss of $0.64 per diluted share, narrowing from $1.68 a year earlier.

Revenue for the quarter ended March 31 was $4.0 million, down from $4.6 million a year earlier.

Analyst estimates were not available.

For Q2, the company expects revenue of $3.9 million to $4.2 million.

Price: 2.56, Change: -0.60, Percent Change: -18.89