• Cash burn has declined considerably in the quarter and is guided to decline some more, giving the company some more time to turn things around.
• That doesn’t take away that the company is in big trouble, enough for us not to recommend the shares.
• However, there are some hopeful signs in the form of a first pocket of substantial growth.

Source: Marin Software: A First Whiff Of Spring? – Marin Software (NASDAQ:MRIN) | Seeking Alpha