Marin Software (MRIN) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Cover [Abstract]
Entity Registrant Name	Marin Software Incorporated
Entity Central Index Key	0001389002
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		3,128,769
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Securities Act File Number	001-35838
Entity Tax Identification Number	20-4647180
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	149 New Montgomery Street
Entity Address, Address Line Two	4th Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	399-2580
Title of 12(b) Security	Common Stock, $0.001 Par Value Per Share
Trading Symbol	MRIN
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 7,942	$ 11,363
Accounts receivable, net	3,551	3,864
Prepaid expenses and other current assets	1,087	1,548
Total current assets	12,580	16,775
Property and equipment, net	116	120
Right-of-use assets, operating leases	1,219	1,912
Other non-current assets	517	508
Total assets	14,432	19,315
Current liabilities:
Accounts payable	585	664
Accrued expenses and other current liabilities	1,796	2,099
Operating lease liabilities	1,219	1,518
Total current liabilities	3,600	4,281
Operating lease liabilities, non-current	0	394
Other long-term liabilities	973	1,001
Total liabilities	4,573	5,676
Commitments and contingencies (Note 9)
Stockholders’ equity:
Convertible preferred stock, $0.001 par value - 10,000 shares authorized, no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	0	0
Common stock, $0.001 par value - 47,619 shares authorized, 3,129 and 3,011 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	3	3
Additional paid-in capital	359,528	358,884
Accumulated deficit	(348,680)	(344,251)
Accumulated other comprehensive loss	(992)	(997)
Total stockholders’ equity	9,859	13,639
Total liabilities and stockholders’ equity	$ 14,432	$ 19,315

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Stockholders’ equity:
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, authorized (in shares)	10,000,000	10,000,000
Common stock, authorized (in shares)	47,619,000	47,619,000
Common stock, issued (in shares)	3,129,000	3,011,000
Common stock, outstanding (in shares)	3,129,000	3,011,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues, net	$ 4,045	$ 4,360	$ 8,076	$ 8,943
Cost of revenues	1,690	3,174	3,433	6,414
Gross profit	2,355	1,186	4,643	2,529
Operating expenses
Sales and marketing	1,043	1,935	2,293	3,960
Research and development	1,799	2,797	3,680	5,739
General and administrative	1,600	2,442	3,284	4,778
Total operating expenses	4,442	7,174	9,257	14,477
Loss from operations	(2,087)	(5,988)	(4,614)	(11,948)
Other income, net	138	215	242	440
Loss before income taxes	(1,949)	(5,773)	(4,372)	(11,508)
Provision for income taxes	69	144	57	192
Net loss	(2,018)	(5,917)	(4,429)	(11,700)
Foreign currency translation adjustments	(1)	(19)	5	(24)
Comprehensive loss	$ (2,019)	$ (5,936)	$ (4,424)	$ (11,724)
Net loss per share basic (Note 7)	$ (0.65)	$ (2.04)	$ (1.44)	$ (4.05)
Net loss per share diluted (Note 7)	$ (0.65)	$ (2.04)	$ (1.44)	$ (4.05)
Weighted-average shares basic	3,108	2,902	3,066	2,887
Weighted-average shares diluted	3,108	2,902	3,066	2,887

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balances at beginning of period at Dec. 31, 2022	$ 32,714	$ 3	$ 356,010	$ (322,334)	$ (965)
Balances at beginning of period (in shares) at Dec. 31, 2022		2,871,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock from vesting of restricted stock units,shares (Note 7)		80,000
Issuance of common stock from vesting of restricted stock units (Note 7)	1		1
Tax withholding related to vesting of restricted stock units	(105)		(105)
Issuance of common stock under employee stock purchase plan	6		6
Issuance of common stock under employee stock purchase plan (in shares)		2,000
Stock-based compensation expense	2,362		2,362
Net loss	(11,700)			(11,700)
Foreign currency translation adjustments	(24)				(24)
Balances at end of period at Jun. 30, 2023	23,254	$ 3	358,274	(334,034)	(989)
Balances at end of period (in shares) at Jun. 30, 2023		2,953,000
Balances at beginning of period at Dec. 31, 2022	32,714	$ 3	356,010	(322,334)	(965)
Balances at beginning of period (in shares) at Dec. 31, 2022		2,871,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	21,917
Balances at end of period at Dec. 31, 2023	13,639	$ 3	358,884	(344,251)	(997)
Balances at end of period (in shares) at Dec. 31, 2023		3,011,000
Balances at beginning of period at Mar. 31, 2023	27,985	$ 3	357,069	(328,117)	(970)
Balances at beginning of period (in shares) at Mar. 31, 2023		2,873,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock from vesting of restricted stock units,shares (Note 7)		78,000
Issuance of common stock from vesting of restricted stock units (Note 7)	1		1
Tax withholding related to vesting of restricted stock units	(95)		(95)
Issuance of common stock under employee stock purchase plan	6		6
Issuance of common stock under employee stock purchase plan (in shares)		2,000
Stock-based compensation expense	1,293		1,293
Net loss	(5,917)			(5,917)
Foreign currency translation adjustments	(19)				(19)
Balances at end of period at Jun. 30, 2023	23,254	$ 3	358,274	(334,034)	(989)
Balances at end of period (in shares) at Jun. 30, 2023		2,953,000
Balances at beginning of period at Dec. 31, 2023	13,639	$ 3	358,884	(344,251)	(997)
Balances at beginning of period (in shares) at Dec. 31, 2023		3,011,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock from vesting of restricted stock units,shares (Note 7)		118,000
Tax withholding related to vesting of restricted stock units	(100)		(100)
Stock-based compensation expense	744		744
Net loss	(4,429)			(4,429)
Foreign currency translation adjustments	5				5
Balances at end of period at Jun. 30, 2024	9,859	$ 3	359,528	(348,680)	(992)
Balances at end of period (in shares) at Jun. 30, 2024		3,129,000
Balances at beginning of period at Mar. 31, 2024	11,584	$ 3	359,234	(346,662)	(991)
Balances at beginning of period (in shares) at Mar. 31, 2024		3,061,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock from vesting of restricted stock units,shares (Note 7)		68,000
Tax withholding related to vesting of restricted stock units	(37)		(37)
Stock-based compensation expense	331		331
Net loss	(2,018)			(2,018)
Foreign currency translation adjustments	(1)				(1)
Balances at end of period at Jun. 30, 2024	$ 9,859	$ 3	$ 359,528	$ (348,680)	$ (992)
Balances at end of period (in shares) at Jun. 30, 2024		3,129,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities:
Net loss	$ (4,429)	$ (11,700)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property and equipment	4	14
Amortization of internally developed software	0	845
Amortization of right-of-use assets	765	802
Amortization of deferred costs to obtain and fulfill contracts	181	187
Unrealized foreign currency losses	(4)	32
Stock-based compensation related to equity awards	744	2,285
Provision for credit losses	0	(390)
Deferred income tax benefits	3	0
Changes in operating assets and liabilities
Accounts receivable	325	895
Prepaid expenses and other assets	273	479
Accounts payable	(78)	(125)
Accrued expenses and other liabilities	(324)	(265)
Operating lease liabilities	(765)	(802)
Net cash used in operating activities	(3,305)	(7,743)
Investing activities:
Capitalization of internally developed software	0	(1,157)
Net cash used in investing activities	0	(1,157)
Financing activities:
Employee taxes paid for withheld shares upon equity award settlement	(97)	(83)
Proceeds from employee stock purchase plan, net	0	(3)
Net cash used in financing activities	(97)	(86)
Effect of foreign exchange rate changes on cash and cash equivalents	(19)	5
Net decrease in cash and cash equivalents	(3,421)	(8,981)
Cash and cash equivalents and restricted cash:
Beginning of period	11,363	27,957
End of the period	$ 7,942	$ 18,976

Summary of Business and Signifi

Summary of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Business and Significant Accounting Policies	1. Summary of Business and Significant Accounting Policies Marin Software Incorporated (the “Company”) was incorporated in Delaware, United States of America (“U.S.”) in March 2006. The Company provides enterprise marketing software for advertisers and agencies to integrate, align and amplify their digital advertising spend across the web and mobile devices. Offered as a unified software-as-a-service (“SaaS”) advertising management solution for search, social and eCommerce advertising, the Company’s platform helps digital marketers convert precise audiences, improve financial performance and make better decisions. Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements and condensed footnotes have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the U.S. (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, consisting of only normal recurring items, considered necessary for fair statement have been included. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024, or for other interim periods or future years. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2023 is derived from audited financial statements as of that date but does not include all of the information and footnotes required by GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 , filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024. Reverse Stock Split and Reduction in Authorized Shares On April 12, 2024, the Company effected a reverse stock split of its outstanding common stock and a reduction in the Company's authorized shares of common stock. As a result of the reverse stock split, each six outstanding shares of the Company’s common stock were combined into one outstanding share of common stock, without any change in par value. The common stock began trading on the Nasdaq Capital Market on a split-adjusted basis on April 15, 2024. No fractional shares were issued in connection with the reverse stock split as the Company paid the fair value of such fractional shares in cash. As a result of the reduction in the Company's authorized shares of common stock, the Company's authorized shares went from 142,857 shares to 47,619 shares. All share and per share amounts of the Company’s common stock, as well as stock options and restricted stock units (“RSUs”), included in the accompanying condensed consolidated financial statements have been retroactively adjusted to give effect to the reverse stock split for all periods presented, unless indicated otherwise. In addition, as a result of the reverse stock split, the Company reclassified an amount equal to the reduction in the par value of common stock to additional paid-in capital on its condensed consolidated balance sheets. Liquidity and Going Concern The Company has incurred significant losses in each fiscal year since its incorporation in 2006. The Company incurred a net loss of $ 4,429 for the six months ended June 30, 2024 and a net loss of $ 21,917 for the year ended December 31, 2023. As of June 30, 2024, the Company had cash and cash equivalents of $ 7,942 and an accumulated deficit of $ 348,680 . Historically, the Company has relied primarily on the sale of its capital stock to fund operating activities. Management expects to incur additional losses and experience negative operating cash flows into the foreseeable future. In July 2023, the Company commenced a restructuring plan that included a global reduction-in-force and other cost saving actions to reduce its expenses (the “2023 Restructuring Plan” ). The 2023 Restructuring Plan resulted in the reduction of the Company's global employees by 64 full-time employees during the second half of 2023, reducing its total headcount by approximately 37%. The 2023 Restructuring Plan was substantially complete in 2023 . The Company’s ability to achieve its business objectives, and to continue to meet its obligations, is dependent upon maintaining a certain level of liquidity, which is impacted by several factors, such as its ability to manage its cash flows, including the effectiveness of the 2023 Restructuring Plan, its ability to maintain its strategic partnerships, its ability to increase new bookings, the extent of customer acceptance, retention and use of its MarinOne platform, and general macroeconomic conditions such as inflation or the extent and duration of any recession. Although the Company has pursued, and may continue to pursue, additional sources of liquidity, including additional equity and debt financing, there is no assurance that any additional financing will be available on acceptable terms, or at all. Failure to manage its cash flows, increase new bookings, improve customer retention rates, or raise additional capital would have a material adverse effect on the Company’s ability to achieve its intended business objectives. Based on the funds the Company has available as of the date of the filing of this Quarterly Report on Form 10-Q and its history of recurring losses and negative operating cash flows, there is substantial doubt raised about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is substantially dependent upon its ability to achieve its intended business objectives. If the Company is unable to achieve its intended business objectives, it is probable that the Company may be required to initiate further cost savings activities, extend payment terms with suppliers, liquidate assets where possible, or wind-up operations. These actions could materially impact the Company’s business, results of operations and future prospects. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern for one year after the filing date of the accompanying condensed consolidated financial statements. Due to the fact that the Company has not yet been able to obtain sufficient funding to sustain operations or realize a net positive cash flow, the Company’s management and board of directors have determined that it is in the best interests of the Company’s stockholders to seek strategic alternatives. As part of this process, the Company is considering a wide range of options with a focus on maximizing stockholder value, including a potential sale of the Company, a merger, a sale of assets of the Company, or other strategic transaction. The Company has engaged an investment banker to act as its financial advisor in connection with this review. There can be no assurance that this process will result in the Company pursuing any particular transaction or other strategic outcome or as to the terms or timing of any potential transaction. The Company is currently engaged in preliminary discussions with a small number of private companies and other counterparties regarding potential “reverse merger” and “take-private” transactions. Any such completed transaction would have a dramatic impact on Marin stockholders. Given the preliminary stage of such discussions, at this time there is no way to quantify the potential impact of a transaction, if any. For any such potential transaction to progress, substantial due diligence by all involved parties would be need to be conducted, as well as agreement of transaction terms, negotiation and approval of transaction documents and the satisfaction of applicable closing conditions. Any such process would be time-consuming and expensive and there can be no assurance that any of the above potential transactions or any other transaction will ultimately be successful. If the Company is unable to complete a satisfactory transaction soon, it will be necessary to seek additional financing or pursue a dissolution and liquidation in the near future, where holders of the Company’s common stock may receive little or no recovery for their shares of common stock. Even if the Company does complete a satisfactory strategic transaction, the Company’s stockholders may not recognize any return on their investment in shares of our common stock. In parallel, the Company is also preparing for a potential statutory dissolution under the Delaware General Corporate Law and liquidation in the event the Company cannot raise additional capital or complete a strategic transaction in the near future, and the Company has engaged advisors to help us prepare for a potential dissolution and liquidation. The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the Company’s uncertainty related to its ability to continue as a going concern. These adjustments could materially impact the Company’s accompanying condensed consolidated financial statements. The Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements. Fair Value of Financial Instruments The Company’s financial instruments, including accounts receivable, accounts payable and accrued expenses are carried at cost, which approximates fair value because of the short-term nature of those instruments. Cash equivalents are comprised of money market funds recorded at fair value and are classified as Level 1 within the fair value hierarchy. Allowances for Credit Losses and Revenue Credits The Company performs a regular review of its customers’ payment histories and associated credit risks and it generally does not require collateral from its customers. Certain contracts with advertising agencies contain sequential liability provisions, whereby the agency does not have an obligation to pay the Company until payment is received from the agency’s customers. In these circumstances, the Company evaluates the credit worthiness of the agency’s customers, in addition to the agency itself. The Company maintains an allowance for credit losses which reflects its best estimate of potentially uncollectible trade receivables and is based on both specific and general reserves. General reserves are maintained on a collective basis by considering factors such as historical experience, the age of the receivable balances, current economic conditions and a reasonable and supportable forecast of future economic conditions. The activity in the Company’s allowance for credit losses for the six months ended June 30, 2024 is summarized as follows (in thousands): Total Balance at December 31, 2023 $ 501 Current period provision for expected losses ( 13 ) Write-offs charged against allowance ( 82 ) Balance at June 30, 2024 $ 406 From time to time, the Company provides credits to customers that typically relate to customer disputes or billing adjustments and are recorded as a reduction of revenue. Reserves for these revenue credits are accounted for as variable consideration under authoritative revenue recognition guidance (see Note 2) and are estimated based on historical credit activity. As of June 30, 2024 and December 31, 2023, the Company recorded an allowance for potential customer credits in the amount of $ 16 and $ 12 , respectively. Revenue Recognition The Company generates revenue principally from subscriptions either directly with advertisers or with advertising agencies to its platform for the management of search, social and eCommerce. The Company also generates revenue from strategic agreements with certain leading publishers. Under the subscription agreements, the Company receives consideration based on the advertising spend that customers manage on its platform. Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. See Note 2 for further discussion of the Company’s revenue. Internally Developed Software Costs incurred in the development phase are capitalized and amortized over the product’s estimated useful life, when the development costs are considered recoverable. The Company expenses all costs incurred that relate to planning and post implementation phases of development. Development phase costs generally include salaries and personnel costs and third-party contractor expenses associated with software development, configuration and coding. Capitalized costs related to internally developed software under development are treated as construction in progress until the program, feature or functionality is ready for its intended use, at which time amortization commences. During the six months ended June 30, 2024, the Company analyzed whether its internally developed software still met the definition of an asset, and concluded that due to the fact that the internally developed software does not have a future economic benefit to the Company, based on its negative cash flows, the internally developed software no longer meets the definition of an asset. Additionally, as the internally developed software no longer meets the definition of an asset, the development costs related to internally developed software will no longer be capitalized as these development costs are considered to be unrecoverable. Instead, all development costs related to the internally developed software will be expensed as incurred. As of June 30, 2024 and December 31, 2023, there was no unamortized internally developed software costs, including construction in progress. During the three and six months ended June 30, 2024 , no amounts were capitalized or amortized relating to internally developed software as the development costs related to internally developed software in the period were considered unrecoverable. During the three and six months ended June 30, 2023 , the Company capitalized $ 578 and $ 1,157 , respectively, of development costs related to internally developed software and amortized $ 426 and $ 845 , respectively, related to internally developed software. Amortization of internally developed software is reflected in cost of revenue. Costs associated with minor enhancements and maintenance are expensed as incurred. Research and Development Research and development costs are expensed as incurred, except for certain internal software development costs, which may be capitalized when recoverable, as noted above. Research and development costs consist of personnel costs, including salaries, stock-based compensation expense, benefits and bonuses, as well as no n-personnel costs such as professional fees payable to third-party development resources, amortization of intangible assets and allocated overhead costs. Recent Accounting Pronouncements Not Yet Effective In November 2023, the Financial Standards Accounting Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures (Topic 280) (“ASU 2023-07”). ASU 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for our annual periods beginning January 1, 2024, and for interim periods beginning January 1, 2025, with early adoption permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes – Improvements to Income Tax Disclosures (Topic 740) (“ASU 2023-09” ). ASU 2023-09 requires enhanced annual disclosures regarding the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and may be adopted on a prospective or retrospective basis. Early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	2. Revenue Revenue Recognition The Company generates its revenue principally from subscriptions, either directly with advertisers or with advertising agencies, to its platform for the management of search, social, eCommerce and display advertising. It also generates a portion of its revenue from long-term strategic agreements with certain leading publishers. Revenue is recognized when control of these services is transferred to the Company’s customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company determines revenue recognition through the following steps: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when, or as, the Company satisfies its performance obligations. Subscription The Company’s subscription contracts provide advertisers with access to the Company’s advertising management platform. Advertisers do not have the right to take possession of the software supporting the services at any time. These contracts are generally one year or less in length, though certain contracts extend up to two years . The subscription fee under most contracts consists of the greater of a minimum monthly platform fee or variable consideration based on the volume of advertising spend managed through the Company’s platform at the contractual percentage of spend. The variable portion generally includes tiered pricing, whereby the percentage of spend charged decreases as the value of advertising spend increases. The tiered pricing generally resets monthly and is consistent throughout the contract term. The Company has concluded that this volume-based pricing approach does not constitute a future material right as the pricing tiers are consistent throughout the term of the contract and similar pricing is typically offered to similar classes of customers within the same geographical areas and markets. Certain subscription contracts consist of only a flat monthly platform fee. Subscription fees are generally invoiced on a monthly basis in arrears based on the actual amount of advertising spend managed on the platform. In certain limited circumstances, the Company will invoice an advertiser in advance for the contractual minimum monthly platform fee for a defined future period, which is typically three to 12 months . The Company’s subscription services comprise a single stand-ready performance obligation satisfied over time as the advertiser simultaneously receives and consumes the benefit from the Company’s performance. This performance obligation constitutes a series of services that are substantially the same in nature and are provided over time using the same measure of progress. Revenue derived from these arrangements are recognized over time using an output method based upon the passage of time as this provides a faithful depiction of the pattern of transfer of control. Fixed minimum monthly platform fees are recognized ratably over the contract term as the single performance obligation is satisfied. Variable fees are allocated to the distinct month of the series in which they are earned because the terms of the variable payments relate specifically to the outcome from transferring the distinct time increment (month) of service and because such amounts reflect the fees to which the Company expects to be entitled for providing access to the advertising management platform for that period, consistent with the allocation objective of authoritative revenue guidance under Accounting Standards Codification 606 (“ASC 606”). Expected future revenue for subscription services related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2024 were as follows: Subscription Services 2024 (remaining six months) $ 512 2025 280 Balance at June 30, 2024 $ 792 The Company applies the optional exemption under ASC 606 and does not disclose the value of unsatisfied performance obligations on subscription contracts with an original term of one year or less. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum fees under contracts with an original expected duration of greater than one year . The amounts exclude estimates of variable consideration such as volume-based contracts, as well as anticipated renewals of contracts. Strategic Agreements The Company has entered into long-term strategic agreements with certain leading search publishers which are generally billed on a quarterly basis. In September 2021, the Company entered into a revenue share agreement with Google, which has a scheduled three-year term that commenced on October 1, 2021 (the “Google Revenue Share Agreement”) and continues through September 30, 2024. Through this agreement, the Company is eligible to receive fixed and variable revenue share payments based on a percentage of the search advertising spend that is managed through the Company’s platform and in that the Company is required to reinvest a specified percentage of these revenue share payments in its search technology platform to drive innovation. The Company evaluates the total amount of variable revenue share payments expected to be earned from the Google Revenue Share Agreement using the most likely method, as it believes this method represents the most appropriate estimate for this consideration, based on historical service trends, the individual contract considerations and the Company’s best judgment. The Company includes estimates of variable consideration in revenue only to the extent that it believes it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Company recognized revenue from the Google Revenue Share Agreement of $ 1,788 and $ 3,575 for the three and six months ended June 30, 2024 and 2023, respectively. Disaggregation of Revenue Revenue by geographic area, based on the billing location of the customer, were as follows for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States of America $ 3,290 $ 3,524 $ 6,526 $ 7,179 United Kingdom 468 461 953 1,007 Other (1) 287 375 597 757 Total revenue, net $ 4,045 $ 4,360 $ 8,076 $ 8,943 (1) No individual country within the “Other” category accounted for 10% or more of total revenue for any period presented. Revenue by nature of services performed were as follows for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Subscriptions $ 2,257 $ 2,572 $ 4,501 $ 5,373 Strategic agreements 1,788 1,788 3,575 3,570 Total revenue, net $ 4,045 $ 4,360 $ 8,076 $ 8,943 Advertisers from outside of the U.S. represented 19 % of total revenue for the three and six months ended June 30, 2024 and 19 % and 20 % for the three and six months ended June 30, 2023, respectively. The Google Revenue Share Agreement accounted for approximately 44 % of the Company's total revenue for the three and six months ended June 30, 2024 and 41 % and 40 % for the three and six months ended June 30, 2023 , respectively. Additionally, one customer accounted for approximately 15 % of total revenue for both the three and six months ended June 30, 2024 and two customers accounted for approximately 22 % and 23 % of total revenue for both the three and six months ended June 30, 2023. No additional customers accounted for more than 10 % of total revenue for the three and six months ended June 30, 2024 and 2023 . Contract Balances Accounts Receivable, Net The timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable are recorded at the invoice amount, net of any allowances for credit losses and revenue credits. A receivable is recognized in the period the Company provides the underlying services or when the right to consideration is unconditional. Included in accounts receivable, net, as of June 30, 2024 and December 31, 2023 were receivables of $ 1,788 related to the Google Revenue Share Agreement, which represented 50 % a nd 46 % of the balances, respectively. Additiona lly, one customer accounted for approximately 16 % of accounts receivable, net, as of June 30, 2024 . No additional customers accounted for more than 10 % of accounts receivable, net, as of June 30, 2024 and December 31, 2023. Customer Advances In certain situations, the Company receives cash payments from customers in advance of its performance of the underlying services. These advances from customers are included within accrued expenses and other current liabilities on the accompanying condensed consolidated balance sheets. Costs to Obtain and Fulfill Contracts The Company capitalizes certain contract acquisition costs, consisting primarily of commissions and related payroll taxes, when customer contracts are signed. The Company also capitalizes certain contract fulfillment costs, consisting primarily of the portion of the payroll and fringe benefits of the Company’s professional services team that relates directly to performing on-boarding and integration services for new and existing customers (collectively, “deferred costs to obtain and fulfill contracts”). The deferred costs to obtain and fulfill contracts are amortized over the expected period of benefit, which the Company has determined to be approximately 30 months. This expected period of benefit takes into consideration the duration of the Company’s customer contracts, historical contract renewal rates, the underlying technology and other factors. Amortization expense for deferred costs to obtain and fulfill contracts is included in sales and marketing expense and cost of sales, respectively, on the accompanying condensed consolidated statements of comprehensive loss. There were no impairment losses related to c osts capitalized in the three or six months ended June 30, 2024 and 2023. The Company classifies deferred costs to obtain and fulfill contracts as current or non-current based on the timing of when the related amortization expense is expected to be recognized. The current portion of these deferred costs is included in prepaid expenses and other current assets, while the non-current portion is included in other non-current assets on the accompanying condensed consoli dated balance sheets. Changes in the balances of deferred costs to obtain and fulfill contracts during the six months ended June 30, 2024 were as follows: Deferred Costs Deferred Costs Balances at December 31, 2023 $ 288 $ 98 Costs deferred 136 40 Amortization ( 136 ) ( 45 ) Balances at June 30, 2024 $ 288 $ 93

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2024
Balance Sheet Components [Abstract]
Balance Sheet Components	3. Balance Sheet Components The following table shows the components of property and equipment as of the dates presented: June 30, December 31, Estimated Useful Life 2024 2023 Software, including internally developed software 3 years $ 34,972 $ 34,972 Computer equipment 3 to 4 years 18,078 18,080 Leasehold improvements Shorter of useful life or lease term 512 512 Office equipment, furniture and fixtures 3 to 5 years 94 94 Total property and equipment 53,656 53,658 Less: Accumulated depreciation and amortization ( 50,264 ) ( 50,262 ) Less: Accumulated impairment losses ( 3,276 ) ( 3,276 ) Total property and equipment, net $ 116 $ 120 D epreciation of property and equipment for the three and six months ended June 30, 2024 was immaterial, while amortization of internally developed software and depreciation of property and equipment for the for the three and six months ended June 30, 2023 was $ 429 and $ 859 , respectively. The following table shows the components of accrued expenses and other current liabilities as of th e dates presented: June 30, December 31, 2024 2023 Accrued salary and payroll-related expenses $ 831 $ 872 Accrued liabilities 294 376 Income taxes payable 153 192 Advanced billings and customer credits (1) 517 636 Other 1 23 Total accrued expenses and other current liabilities $ 1,796 $ 2,099 (1) During the year ended December 31, 2023, the Company wrote off customer credit balances of $ 443 as credits to credit loss expense, of which approximately $ 100 and $ 400 was written off during the three and six months ended June 30, 2023 , respectively. No customer credit balances were written off during the three and six months ended June 30, 2024 .

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	4. Stock-based Compensation The Company's stock-based compensation expense is associated with stock options, RSUs and its employee stock purchase plan (“ESPP”) awarded under its equity incentive plans. Stock-based compensation expense was allocated as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 38 $ 137 $ 77 $ 261 Sales and marketing 60 184 124 349 Research and development 124 305 251 575 General and administrative 109 627 292 1100 Total stock-based compensation $ 331 $ 1,253 $ 744 $ 2,285 For stock-based awards granted by the Company, stock-based compensation cost is measured at grant date based on the fair value of the award and is expensed over the requisite service period. No stock-based compensation was capitalized as internally developed software during the three and six months ended June 30, 2024 , while $ 40 and $ 77 of stock-based compensation was capitalized as internally developed software during the three and six months ended June 30, 2023, respectively. Stock Options A summary of the Company's stock option activity is as follows: Options Outstanding Number of Weighted Average Weighted Average Aggregate Outstanding, vested and exercisable at December 31, 2023 54 $ 100.69 3.63 $ — Forfeited and cancelled ( 4 ) 407.54 — — Outstanding, vested and exercisable at June 30, 2024 50 78.51 3.37 — There were no grants or exercises of stock options during the six months ended June 30, 2024. Compensation expense, net of forfeitures, is recognized ratably over the requisite service period. As of June 30, 2024 , there was no unrecognized compensation expense related to stock options, as all of the stock options outstanding were fully vested. RSUs A summary of the Company's RSU activity is as follows: RSUs Outstanding Number of Weighted Average Outstanding at December 31, 2023 288 $ 8.88 Vested ( 119 ) 8.39 Cancelled and withheld to cover taxes ( 51 ) 8.54 Outstanding at June 30, 2024 118 $ 9.54 As of June 30, 2024, there was $ 642 of unrecognized compensation expense related to RSUs, which is expected to be recognized over a weighted-average period of 1.0 years. The Company uses the fair market value of the underlying common stock on the dates of grant to determine the fair value of RSUs. Employee Stock Purchase Plan There was no activity during the three and six months ended June 30, 2024 under the Company's ESPP and there was no unrecognized compensation expense related to the Company's ESPP as of June 30, 2024 .

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	5. Leases The Company's primary operating lease is for space at a data center which was renewed in April 2022 and expires in 2025. In April 2023, the Company finalized exercising an option to decrease the space at the data center under the operating lease. As of June 30, 2024, the weighted-average rate used in discounting the lease liabilities for right-of-use (“ROU”) operating leases was 6.0 % and the weighted-average remaining lease term for ROU operating leas es was 0.8 years. Operating lease costs, consisting primarily of rental expense, were approximately $ 431 and $ 855 for the three and six months ended June 30, 2024, respectively, and $ 461 and $ 964 for the three and six months ended June 30, 2023, respectively. Variable rent expense was not significant for the three and six months ended June 30, 2024 and 2023. The maturities of operating lease liabilities as of June 30, 2024 are as follows: 2024 (remaining) 829 2025 414 Total lease payments 1,243 Less: Amount representing imputed interest ( 24 ) Present value of lease liabilities 1,219 Less: Current portion of lease liabilities ( 1,219 ) Non-current portion of lease liabilities $ — Supplemental cash flow information related to operating leases was as follows: Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 855 $ 964 ROU assets obtained in exchange for lease liabilities: 72 161

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The Company’s quarterly provision for income taxes is based on an estimated effective annual income tax rate, and it also includes the tax impact of certain unusual or infrequently occurring items, if any. These may include changes in judgment about valuation allowances and effects of changes in tax laws or rates in the interim period in which they occur. The Company's provision for income taxes for the three and six months ended June 30, 2024 was $ 69 and $ 57 , respectively, on pre-tax losses of $ 1,949 and $ 4,372 , respectively, and the Company's provision for income taxes for the three and six months ended June 30, 2023 was $ 144 and $ 192 , respectively, on pre-tax losses of $ 5,773 and $ 11,508 , respectively. For the three and six months ended June 30, 2024, the Company's effective tax rate varies from the federal income tax rate primarily due to valuation allowances in the U.S. and taxable income generated by certain of the Company's foreign wholly owned subsidiaries. The Company reviews the likelihood that it will realize the benefit of its deferred tax assets and, therefore, the need for valuation allowances on a quarterly basis. There is no income tax benefit recognized with respect to losses incurred and no provision for income taxes recognized with respect to earnings generated in jurisdictions with a valuation allowance. This causes variability in the Company’s effective tax rate. The Company will maintain the valuation allowances until it is more likely than not that the net deferred tax assets will be realized. Tax positions taken by the Company are subject to audits by multiple tax jurisdictions. The Company believes that it has provided adequate reserves for its uncertain tax positions for all tax years still open for assessment. It is reasonably possible that uncertain tax positions existing as of June 30, 2024 could decrease by approximately $ 368 within the next twelve months. For the three and six months ended June 30, 2024 and 2023 , the Company did no t recognize a ny material interest, penalties or other changes related to uncertain tax positions.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	7. Net Loss Per Share Basic net loss per share is calculated by dividing the net loss available to common stockholders by the weighted-average shares of common stock outstanding for the period and diluted net loss per share is computed by dividing the net loss available to common stockholders by the weighted-average shares of common stock, excluding common stock subject to repurchase, and, if dilutive, potential shares of common stock outstanding during the period. During the three and six months ended June 30 2024 and 2023, the Company had no non-controlling interests, as such, all of the Company's net losses in the periods were considered to be available to the Company's common stockholders. The following table presents the calculation of basic and diluted net los s per share: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ ( 2,018 ) $ ( 5,917 ) $ ( 4,429 ) $ ( 11,700 ) Denominator: Weighted-average shares outstanding, basic and diluted 3,108 2,902 3,066 2,887 Net loss per share, basic and diluted $ ( 0.65 ) $ ( 2.04 ) $ ( 1.44 ) $ ( 4.05 ) Basic and diluted net loss per share is the same for all periods presented, as the impact of all potentially outstanding dilutive securities was anti-dilutive due to the Company having net losses in the periods. The following table presents the potential shares of common stock outstanding that were excluded from the computation of diluted net loss per share for the periods presented because including them would hav e been anti-dilutive: Six Months Ended June 30, 2024 2023 Outstanding stock options 50 55 Outstanding RSUs 118 437 Outstanding at June 30, 2024 168 492

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	8. Segment Reporting The Company defines the term “chief operating decision maker” to be the Chief Executive Officer. The Chief Executive Officer reviews the financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, the Company has determined that it operates as a single reporting and operating segment.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Legal Matters From time to time, the Company may be involved in lawsuits, claims, investigations and proceedings, consisting of intellectual property, commercial, employment and other matters, which arise in the ordinary course of business. In accordance with GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impact of negotiations, settlements, ruling, advice of legal counsel and other information and events pertaining to a particular case. Litigation is inherently unpredictable. If any unfavorable ruling was to occur in any specific period or if a loss becomes probable and estimable, there exists the possibility of a material adverse impact on the Company’s results of operations, financial position or cash flows. As of June 30, 2024, no material amounts were recorded related to legal proceedings on the unaudited condensed consolidated balance sheet. Indemnification The Company enters into standard indemnification agreements in the ordinary course of business. Pursuant to the agreements, each party may indemnify, defend and hold the other party harmless with respect to such claim, suit or proceeding brought against it by a third party alleging that the indemnifying party’s intellectual property infringes upon the intellectual property of the third party, or results from a breach of the indemnifying party’s representations and warranties or covenants, or that results from any acts of negligence or willful misconduct. The term of these indemnification agreements is generally perpetual any time after execution of the agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited. Historically, the Company has not been obligated to make significant payments for these obligations and no liabilities have been recorded on the unaudited condensed consolidated balance sheet as of June 30, 2024 and the audited consolidated balance sheet as of December 31, 2023. The Company also indemnifies its officers and directors for certain events or occurrences, subject to certain limits, while the officer or director is or was serving at the Company’s request in such capacity. The maximum amount of potential future indemnification is unlimited; however, the Company has a directors and officers insurance policy that enables the Company to recover a portion of any future amounts paid. Historically, the Company has not been obligated to make any payments for these obligations and no liabilities have been recorded as of June 30, 2024 or December 31, 2023. Other Contingencies The Company is subject to claims and assessments from time to time in the ordinary course of business. The Company’s management does not believe that any such matters, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events On July 24, 2024, the Company entered a search ads innovation agreement with Google (the “Search Ads Innovation Agreement”), for the Company to continue to develop its search advertising platforms , products and expertise . The Search Ads Innovation Agreement has a scheduled three-year term that will take effect as of October 1, 2024, after the scheduled expiration of the Google Revenue Share Agreement on September 30, 2024, and is substantially similar to the Google Revenue Share Agreement, including the same minimum quarterly payments. See Note 2 for further discussion of the Company’s revenue from strategic agreements, including the current Google Revenue Share Agreement.

Summary of Business and Signi_2

Summary of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements and condensed footnotes have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the U.S. (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, consisting of only normal recurring items, considered necessary for fair statement have been included. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024, or for other interim periods or future years. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2023 is derived from audited financial statements as of that date but does not include all of the information and footnotes required by GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 , filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024.
Reverse Stock Split and Reduction in Authorized Shares	Reverse Stock Split and Reduction in Authorized Shares On April 12, 2024, the Company effected a reverse stock split of its outstanding common stock and a reduction in the Company's authorized shares of common stock. As a result of the reverse stock split, each six outstanding shares of the Company’s common stock were combined into one outstanding share of common stock, without any change in par value. The common stock began trading on the Nasdaq Capital Market on a split-adjusted basis on April 15, 2024. No fractional shares were issued in connection with the reverse stock split as the Company paid the fair value of such fractional shares in cash. As a result of the reduction in the Company's authorized shares of common stock, the Company's authorized shares went from 142,857 shares to 47,619 shares. All share and per share amounts of the Company’s common stock, as well as stock options and restricted stock units (“RSUs”), included in the accompanying condensed consolidated financial statements have been retroactively adjusted to give effect to the reverse stock split for all periods presented, unless indicated otherwise. In addition, as a result of the reverse stock split, the Company reclassified an amount equal to the reduction in the par value of common stock to additional paid-in capital on its condensed consolidated balance sheets.
Liquidity and Going Concern	Liquidity and Going Concern The Company has incurred significant losses in each fiscal year since its incorporation in 2006. The Company incurred a net loss of $ 4,429 for the six months ended June 30, 2024 and a net loss of $ 21,917 for the year ended December 31, 2023. As of June 30, 2024, the Company had cash and cash equivalents of $ 7,942 and an accumulated deficit of $ 348,680 . Historically, the Company has relied primarily on the sale of its capital stock to fund operating activities. Management expects to incur additional losses and experience negative operating cash flows into the foreseeable future. In July 2023, the Company commenced a restructuring plan that included a global reduction-in-force and other cost saving actions to reduce its expenses (the “2023 Restructuring Plan” ). The 2023 Restructuring Plan resulted in the reduction of the Company's global employees by 64 full-time employees during the second half of 2023, reducing its total headcount by approximately 37%. The 2023 Restructuring Plan was substantially complete in 2023 . The Company’s ability to achieve its business objectives, and to continue to meet its obligations, is dependent upon maintaining a certain level of liquidity, which is impacted by several factors, such as its ability to manage its cash flows, including the effectiveness of the 2023 Restructuring Plan, its ability to maintain its strategic partnerships, its ability to increase new bookings, the extent of customer acceptance, retention and use of its MarinOne platform, and general macroeconomic conditions such as inflation or the extent and duration of any recession. Although the Company has pursued, and may continue to pursue, additional sources of liquidity, including additional equity and debt financing, there is no assurance that any additional financing will be available on acceptable terms, or at all. Failure to manage its cash flows, increase new bookings, improve customer retention rates, or raise additional capital would have a material adverse effect on the Company’s ability to achieve its intended business objectives. Based on the funds the Company has available as of the date of the filing of this Quarterly Report on Form 10-Q and its history of recurring losses and negative operating cash flows, there is substantial doubt raised about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is substantially dependent upon its ability to achieve its intended business objectives. If the Company is unable to achieve its intended business objectives, it is probable that the Company may be required to initiate further cost savings activities, extend payment terms with suppliers, liquidate assets where possible, or wind-up operations. These actions could materially impact the Company’s business, results of operations and future prospects. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern for one year after the filing date of the accompanying condensed consolidated financial statements. Due to the fact that the Company has not yet been able to obtain sufficient funding to sustain operations or realize a net positive cash flow, the Company’s management and board of directors have determined that it is in the best interests of the Company’s stockholders to seek strategic alternatives. As part of this process, the Company is considering a wide range of options with a focus on maximizing stockholder value, including a potential sale of the Company, a merger, a sale of assets of the Company, or other strategic transaction. The Company has engaged an investment banker to act as its financial advisor in connection with this review. There can be no assurance that this process will result in the Company pursuing any particular transaction or other strategic outcome or as to the terms or timing of any potential transaction. The Company is currently engaged in preliminary discussions with a small number of private companies and other counterparties regarding potential “reverse merger” and “take-private” transactions. Any such completed transaction would have a dramatic impact on Marin stockholders. Given the preliminary stage of such discussions, at this time there is no way to quantify the potential impact of a transaction, if any. For any such potential transaction to progress, substantial due diligence by all involved parties would be need to be conducted, as well as agreement of transaction terms, negotiation and approval of transaction documents and the satisfaction of applicable closing conditions. Any such process would be time-consuming and expensive and there can be no assurance that any of the above potential transactions or any other transaction will ultimately be successful. If the Company is unable to complete a satisfactory transaction soon, it will be necessary to seek additional financing or pursue a dissolution and liquidation in the near future, where holders of the Company’s common stock may receive little or no recovery for their shares of common stock. Even if the Company does complete a satisfactory strategic transaction, the Company’s stockholders may not recognize any return on their investment in shares of our common stock. In parallel, the Company is also preparing for a potential statutory dissolution under the Delaware General Corporate Law and liquidation in the event the Company cannot raise additional capital or complete a strategic transaction in the near future, and the Company has engaged advisors to help us prepare for a potential dissolution and liquidation. The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the Company’s uncertainty related to its ability to continue as a going concern. These adjustments could materially impact the Company’s accompanying condensed consolidated financial statements. The Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments, including accounts receivable, accounts payable and accrued expenses are carried at cost, which approximates fair value because of the short-term nature of those instruments. Cash equivalents are comprised of money market funds recorded at fair value and are classified as Level 1 within the fair value hierarchy.
Allowances for Credit Losses and Revenue Credits	Allowances for Credit Losses and Revenue Credits The Company performs a regular review of its customers’ payment histories and associated credit risks and it generally does not require collateral from its customers. Certain contracts with advertising agencies contain sequential liability provisions, whereby the agency does not have an obligation to pay the Company until payment is received from the agency’s customers. In these circumstances, the Company evaluates the credit worthiness of the agency’s customers, in addition to the agency itself. The Company maintains an allowance for credit losses which reflects its best estimate of potentially uncollectible trade receivables and is based on both specific and general reserves. General reserves are maintained on a collective basis by considering factors such as historical experience, the age of the receivable balances, current economic conditions and a reasonable and supportable forecast of future economic conditions. The activity in the Company’s allowance for credit losses for the six months ended June 30, 2024 is summarized as follows (in thousands): Total Balance at December 31, 2023 $ 501 Current period provision for expected losses ( 13 ) Write-offs charged against allowance ( 82 ) Balance at June 30, 2024 $ 406 From time to time, the Company provides credits to customers that typically relate to customer disputes or billing adjustments and are recorded as a reduction of revenue. Reserves for these revenue credits are accounted for as variable consideration under authoritative revenue recognition guidance (see Note 2) and are estimated based on historical credit activity. As of June 30, 2024 and December 31, 2023, the Company recorded an allowance for potential customer credits in the amount of $ 16 and $ 12 , respectively.
Revenue Recognition	Revenue Recognition The Company generates revenue principally from subscriptions either directly with advertisers or with advertising agencies to its platform for the management of search, social and eCommerce. The Company also generates revenue from strategic agreements with certain leading publishers. Under the subscription agreements, the Company receives consideration based on the advertising spend that customers manage on its platform. Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. See Note 2 for further discussion of the Company’s revenue.
Internally Developed Software	Internally Developed Software Costs incurred in the development phase are capitalized and amortized over the product’s estimated useful life, when the development costs are considered recoverable. The Company expenses all costs incurred that relate to planning and post implementation phases of development. Development phase costs generally include salaries and personnel costs and third-party contractor expenses associated with software development, configuration and coding. Capitalized costs related to internally developed software under development are treated as construction in progress until the program, feature or functionality is ready for its intended use, at which time amortization commences. During the six months ended June 30, 2024, the Company analyzed whether its internally developed software still met the definition of an asset, and concluded that due to the fact that the internally developed software does not have a future economic benefit to the Company, based on its negative cash flows, the internally developed software no longer meets the definition of an asset. Additionally, as the internally developed software no longer meets the definition of an asset, the development costs related to internally developed software will no longer be capitalized as these development costs are considered to be unrecoverable. Instead, all development costs related to the internally developed software will be expensed as incurred. As of June 30, 2024 and December 31, 2023, there was no unamortized internally developed software costs, including construction in progress. During the three and six months ended June 30, 2024 , no amounts were capitalized or amortized relating to internally developed software as the development costs related to internally developed software in the period were considered unrecoverable. During the three and six months ended June 30, 2023 , the Company capitalized $ 578 and $ 1,157 , respectively, of development costs related to internally developed software and amortized $ 426 and $ 845 , respectively, related to internally developed software. Amortization of internally developed software is reflected in cost of revenue. Costs associated with minor enhancements and maintenance are expensed as incurred.
Research and Development	Research and Development Research and development costs are expensed as incurred, except for certain internal software development costs, which may be capitalized when recoverable, as noted above. Research and development costs consist of personnel costs, including salaries, stock-based compensation expense, benefits and bonuses, as well as no n-personnel costs such as professional fees payable to third-party development resources, amortization of intangible assets and allocated overhead costs.
Recent Accounting Pronouncement Not Yet Effective	Recent Accounting Pronouncements Not Yet Effective In November 2023, the Financial Standards Accounting Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures (Topic 280) (“ASU 2023-07”). ASU 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for our annual periods beginning January 1, 2024, and for interim periods beginning January 1, 2025, with early adoption permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes – Improvements to Income Tax Disclosures (Topic 740) (“ASU 2023-09” ). ASU 2023-09 requires enhanced annual disclosures regarding the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and may be adopted on a prospective or retrospective basis. Early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.

Summary of Business and Signi_3

Summary of Business and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Changes in Allowance for Doubtful Accounts	The activity in the Company’s allowance for credit losses for the six months ended June 30, 2024 is summarized as follows (in thousands): Total Balance at December 31, 2023 $ 501 Current period provision for expected losses ( 13 ) Write-offs charged against allowance ( 82 ) Balance at June 30, 2024 $ 406

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Expected Future Revenue for Subscription Services Related to Performance Obligations Unsatisfied or Partially Unsatisfied	Expected future revenue for subscription services related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2024 were as follows: Subscription Services 2024 (remaining six months) $ 512 2025 280 Balance at June 30, 2024 $ 792
Disaggregation of Revenues	Revenue by geographic area, based on the billing location of the customer, were as follows for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States of America $ 3,290 $ 3,524 $ 6,526 $ 7,179 United Kingdom 468 461 953 1,007 Other (1) 287 375 597 757 Total revenue, net $ 4,045 $ 4,360 $ 8,076 $ 8,943 (1) No individual country within the “Other” category accounted for 10% or more of total revenue for any period presented. Revenue by nature of services performed were as follows for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Subscriptions $ 2,257 $ 2,572 $ 4,501 $ 5,373 Strategic agreements 1,788 1,788 3,575 3,570 Total revenue, net $ 4,045 $ 4,360 $ 8,076 $ 8,943 Advertisers from outside of the U.S. represented 19 % of total revenue for the three and six months ended June 30, 2024 and 19 % and 20 % for the three and six months ended June 30, 2023, respectively. The Google Revenue Share Agreement accounted for approximately 44 % of the Company's total revenue for the three and six months ended June 30, 2024 and 41 % and 40 % for the three and six months ended June 30, 2023 , respectively. Additionally, one customer accounted for approximately 15 % of total revenue for both the three and six months ended June 30, 2024 and two customers accounted for approximately 22 % and 23 % of total revenue for both the three and six months ended June 30, 2023. No additional customers accounted for more than 10 % of total revenue for the three and six months ended June 30, 2024 and 2023 .
Changes in Balances of Deferred Costs to Obtain and Fulfill Contracts	The Company classifies deferred costs to obtain and fulfill contracts as current or non-current based on the timing of when the related amortization expense is expected to be recognized. The current portion of these deferred costs is included in prepaid expenses and other current assets, while the non-current portion is included in other non-current assets on the accompanying condensed consoli dated balance sheets. Changes in the balances of deferred costs to obtain and fulfill contracts during the six months ended June 30, 2024 were as follows: Deferred Costs Deferred Costs Balances at December 31, 2023 $ 288 $ 98 Costs deferred 136 40 Amortization ( 136 ) ( 45 ) Balances at June 30, 2024 $ 288 $ 93

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2024
Balance Sheet Components [Abstract]
Components of Property and Equipment	The following table shows the components of property and equipment as of the dates presented: June 30, December 31, Estimated Useful Life 2024 2023 Software, including internally developed software 3 years $ 34,972 $ 34,972 Computer equipment 3 to 4 years 18,078 18,080 Leasehold improvements Shorter of useful life or lease term 512 512 Office equipment, furniture and fixtures 3 to 5 years 94 94 Total property and equipment 53,656 53,658 Less: Accumulated depreciation and amortization ( 50,264 ) ( 50,262 ) Less: Accumulated impairment losses ( 3,276 ) ( 3,276 ) Total property and equipment, net $ 116 $ 120 D
Components of Accrued Expenses and Other Current Liabilities	The following table shows the components of accrued expenses and other current liabilities as of th e dates presented: June 30, December 31, 2024 2023 Accrued salary and payroll-related expenses $ 831 $ 872 Accrued liabilities 294 376 Income taxes payable 153 192 Advanced billings and customer credits (1) 517 636 Other 1 23 Total accrued expenses and other current liabilities $ 1,796 $ 2,099 (1) During the year ended December 31, 2023, the Company wrote off customer credit balances of $ 443 as credits to credit loss expense, of which approximately $ 100 and $ 400 was written off during the three and six months ended June 30, 2023 , respectively. No customer credit balances were written off during the three and six months ended June 30, 2024 .

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock-based Compensation Expense	Stock-based compensation expense was allocated as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 38 $ 137 $ 77 $ 261 Sales and marketing 60 184 124 349 Research and development 124 305 251 575 General and administrative 109 627 292 1100 Total stock-based compensation $ 331 $ 1,253 $ 744 $ 2,285
Summary of Stock Option Activity	A summary of the Company's stock option activity is as follows: Options Outstanding Number of Weighted Average Weighted Average Aggregate Outstanding, vested and exercisable at December 31, 2023 54 $ 100.69 3.63 $ — Forfeited and cancelled ( 4 ) 407.54 — — Outstanding, vested and exercisable at June 30, 2024 50 78.51 3.37 —
Summary of RSU Activity	A summary of the Company's RSU activity is as follows: RSUs Outstanding Number of Weighted Average Outstanding at December 31, 2023 288 $ 8.88 Vested ( 119 ) 8.39 Cancelled and withheld to cover taxes ( 51 ) 8.54 Outstanding at June 30, 2024 118 $ 9.54

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Maturities of Operating Lease Liabilities	The maturities of operating lease liabilities as of June 30, 2024 are as follows: 2024 (remaining) 829 2025 414 Total lease payments 1,243 Less: Amount representing imputed interest ( 24 ) Present value of lease liabilities 1,219 Less: Current portion of lease liabilities ( 1,219 ) Non-current portion of lease liabilities $ —
Schedule of Supplemental Cash Flow Information Related to Operating Leases	Supplemental cash flow information related to operating leases was as follows: Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 855 $ 964 ROU assets obtained in exchange for lease liabilities: 72 161

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net los s per share: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ ( 2,018 ) $ ( 5,917 ) $ ( 4,429 ) $ ( 11,700 ) Denominator: Weighted-average shares outstanding, basic and diluted 3,108 2,902 3,066 2,887 Net loss per share, basic and diluted $ ( 0.65 ) $ ( 2.04 ) $ ( 1.44 ) $ ( 4.05 )
Schedule of Potential Shares Common Stock Outstanding Excluded from Computation of Diluted Net Loss Per Share	The following table presents the potential shares of common stock outstanding that were excluded from the computation of diluted net loss per share for the periods presented because including them would hav e been anti-dilutive: Six Months Ended June 30, 2024 2023 Outstanding stock options 50 55 Outstanding RSUs 118 437 Outstanding at June 30, 2024 168 492

Summary of Business and Signi_4

Summary of Business and Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Sep. 30, 2023
Summary Of Significant Accounting Policies [Line Items]
Net loss	$ (2,018)	$ (5,917)	$ (4,429)	$ (11,700)	$ 21,917
Common stock, authorized (in shares)	47,619,000		47,619,000		47,619,000
Accumulated deficit	$ (348,680)		$ (348,680)		$ (344,251)
Cash, cash equivalents and restricted cash	7,942		7,942
Allowance for potential customer revenue credits	16		16		12
Unamortized internally developed software costs, including construction in progress	0		0		$ 0
Amortization of internally developed software	$ 0	426	$ 0	845
Company Capitalized		$ 578		$ 1,157
Restructuring reducation plan description			The 2023 Restructuring Plan resulted in the reduction of the Company's global employees by 64 full-time employees during the second half of 2023, reducing its total headcount by approximately 37%. The 2023 Restructuring Plan was substantially complete in 2023
Accounting Standards Update 2019-12 [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounting standards update, adopted [true false]						true
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Common stock, authorized (in shares)	47,619,000		47,619,000
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Common stock, authorized (in shares)	142,857,000		142,857,000

Summary of Business and Signi_5

Summary of Business and Significant Accounting Policies - Changes in Allowance for Doubtful Accounts (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Accounting Policies [Abstract]
Balance at December 31, 2023	$ 501
Current period provision for expected losses	(13)
Write-offs charged against allowance	(82)
Balance at March 31, 2024	$ 406

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disaggregation Of Revenue [Line Items]
Subscription contracts term			1 year
Revenues	$ 4,045	$ 4,360	$ 8,076	$ 8,943
Accounts receivable, net	3,551		$ 3,551		$ 3,864
Deferred costs expected period of benefit			30 months
Unsatisfied performance obligation on subscription contract term			1 year
Impairment losses related to costs capitalized	$ 0	$ 0	$ 0	$ 0
Sales net revenue Member | Outside United States [Member] | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk	19%	19%	19%	20%
Google [Member]
Disaggregation Of Revenue [Line Items]
Strategic agreement term, optional renewal term			1 year
Revenues	$ 1,788	$ 1,788	$ 3,575	$ 3,575
Accounts receivable	$ 1,788		$ 1,788		$ 1,788
Google [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk			50%		46%
Google [Member] | Sales net revenue Member | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk	44%	41%	44%	40%
Additional Customers [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk			10%		10%
Additional Customers [Member] | Sales net revenue Member | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk	10%	10%	10%	10%
One Customer [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk			16%
One Customer [Member] | Sales net revenue Member | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk	15%		15%
Two Customer [Member] | Sales net revenue Member | Customer Concentration Risk [Member]
Disaggregation Of Revenue [Line Items]
Percentage of concentration risk		22%		23%
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Subscription contracts term			2 years
Advance advertiser invoicing period			12 months
Minimum [Member]
Disaggregation Of Revenue [Line Items]
Advance advertiser invoicing period			3 months
Subscription remaining performance obligations expected duration			1 year

Revenues - Expected Future Reve

Revenues - Expected Future Revenue for Subscription Services Related to Performance Obligations Unsatisfied or Partially Unsatisfied (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Disaggregation Of Revenue [Line Items]
Subscription Services Revenues	$ 792
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Disaggregation Of Revenue [Line Items]
Subscription Services Revenues	$ 512
Remaining performance obligation, satisfaction period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Disaggregation Of Revenue [Line Items]
Subscription Services Revenues	$ 280
Remaining performance obligation, satisfaction period	1 year

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Revenues		$ 4,045	$ 4,360	$ 8,076	$ 8,943
Subscriptions [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2,257	2,572	4,501	5,373
Strategic Agreements [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1,788	1,788	3,575	3,570
United States of America [Member]
Disaggregation Of Revenue [Line Items]
Revenues		3,290	3,524	6,526	7,179
United Kingdom [Member]
Disaggregation Of Revenue [Line Items]
Revenues		468	461	953	1,007
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenues	[1]	$ 287	$ 375	$ 597	$ 757
[1] No individual country within the “Other” category accounted for 10% or more of total revenue for any period presented.

Revenues - Changes in Balances

Revenues - Changes in Balances of Deferred Costs to Obtain and Fulfill Contracts (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Deferred Costs to Obtain Contracts [Member]
Capitalized Contract Cost [Line Items]
Balance at beginning of period	$ 288
Costs deferred	136
Amortization	(136)
Balance at end of period	288
Deferred Costs to Fulfill Contracts [Member]
Capitalized Contract Cost [Line Items]
Balance at beginning of period	98
Costs deferred	40
Amortization	(45)
Balance at end of period	$ 93

Balance Sheet Components - Comp

Balance Sheet Components - Components of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 53,656	$ 53,658
Less: Accumulated depreciation and amortization	(50,264)	(50,262)
Less: Accumulated impairment losses	(3,276)	(3,276)
Property and equipment, net	116	120
Software, Including Internally Developed Software [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 34,972	34,972
Estimated useful life	3 years
Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 18,078	18,080
Computer Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful life	3 years
Computer Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful life	4 years
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 512	512
Office Equipment, Furniture and Fixtures [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 94	$ 94
Office Equipment, Furniture and Fixtures [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful life	3 years
Office Equipment, Furniture and Fixtures [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful life	5 years

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Balance Sheet Components [Abstract]
Depreciation and amortization	$ 429	$ 859

Balance Sheet Components - Co_2

Balance Sheet Components - Components of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Balance Sheet Components [Abstract]
Accrued salary and payroll-related expenses		$ 831	$ 872
Accrued liabilities		294	376
Income taxes payable		153	192
Advanced billings and customer credits	[1]	517	636
Other		1	23
Total accrued expenses and other current liabilities		$ 1,796	$ 2,099
[1] During the year ended December 31, 2023, the Company wrote off customer credit balances of $ 443 as credits to credit loss expense, of which approximately $ 100 and $ 400 was written off during the three and six months ended June 30, 2023 , respectively. No customer credit balances were written off during the three and six months ended June 30, 2024 .

Balance Sheet Components - Co_3

Balance Sheet Components - Components of Accrued Expenses and Other Current Liabilities (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Balance Sheet Components [Abstract]
Wrote Off Credit Balance	$ 0	$ 100	$ 0	$ 400	$ 443

Restructuring Activities - Addi

Restructuring Activities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost And Reserve [Line Items]
Research and development	$ 1,799	$ 2,797	$ 3,680	$ 5,739
Cost of revenues	1,690	3,174	3,433	6,414
General and Administrative Expense	1,600	2,442	3,284	4,778
Sales and marketing	$ 1,043	$ 1,935	$ 2,293	$ 3,960

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 331	$ 1,253	$ 744	$ 2,285
Cost of Revenues [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	38	137	77	261
Sales and Marketing [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	60	184	124	349
Research and Development [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	124	305	251	575
General and Administrative [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 109	$ 627	$ 292	$ 1,100

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to options	$ 0		$ 0
RSUs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to RSUs	642		642
Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to RSUs	0		0
Software, Including Internally Developed Software [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, amount capitalized	$ 0	$ 40	$ 0	$ 77

Stock-based Compensation - Su_2

Stock-based Compensation - Summary of Stock Options Activity (Details) - 2006 and 2013 Plan [Member] - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Number of Shares
Balance at beginning of period	54
Options forfeited and cancelled	(4)
Balance at end of period	50	54
Weighted Average Exercise Price Per Share
Balance at beginning of period	$ 100.69
Options forfeited and cancelled	407.54
Balance at end of period	$ 78.51	$ 100.69
Weighted Average Remaining Contractual Term (in Years)
Options outstanding	3 years 4 months 13 days	3 years 7 months 17 days
Aggregate Intrinsic Value
Options outstanding	$ 0	$ 0

Stock-based Compensation - Su_3

Stock-based Compensation - Summary of RSU Activity (Details) - 2013 Plan [Member] - RSUs [Member] shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Shares
Granted and unvested at beginning of period | shares	288
RSUs vested | shares	(119)
RSUs cancelled and withheld to cover taxes | shares	(51)
Granted and unvested at end of period | shares	118
Weighted Average Grant Date Fair Value Per Unit
Granted and unvested at beginning of period | $ / shares	$ 8.88
RSUs vested | $ / shares	8.39
RSUs cancelled and withheld to cover taxes | $ / shares	8.54
Granted and unvested at end of period | $ / shares	$ 9.54

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Weighted average discount rate, operating lease	6%		6%
Weighted average remaining lease term, operating lease	9 months 18 days		9 months 18 days
Right-of-use assets, operating leases	$ 1,219		$ 1,219		$ 1,912
Operating lease rental expense	$ 431	$ 461	$ 855	$ 964

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Maturities of Operating Lease Liabilities [Abstract]
2024 (remaining )	$ 829
2025	414
Total lease payments	1,243
Less: Amount representing imputed interest	(24)
Present value of lease liabilities	1,219
Less: Current portion of lease liabilities	(1,219)	$ (1,518)
Non-current portion of lease liabilities	$ 0	$ 394

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 855	$ 964
ROU assets obtained in exchange for lease liabilities:
ROU assets obtained in exchange for lease liabilities	$ 72	$ 161

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 69	$ 144	$ 57	$ 192
Pre-tax loss	1,949	5,773	4,372	11,508
Uncertain tax positions, interest or penalties	0	$ 0	0	$ 0
Tax position decrease	$ 368		$ 368

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Numerator:
Net loss	$ (2,018)	$ (5,917)	$ (4,429)	$ (11,700)	$ 21,917
Denominator:
Weighted average number of shares, basic	3,108	2,902	3,066	2,887
Weighted average number of shares, diluted	3,108	2,902	3,066	2,887
Net loss per share available to common stockholders
Net loss per share, basic	$ (0.65)	$ (2.04)	$ (1.44)	$ (4.05)
Net loss per share, diluted	$ (0.65)	$ (2.04)	$ (1.44)	$ (4.05)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Potential Shares of Common Shares Outstanding (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share (in shares)	168	492
Outstanding stock options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share (in shares)	50	55
Outstanding RSUs [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share (in shares)	118	437

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of reporting segment	1