Greetings, and welcome to the Marin Software 2nd quarter 2023 financial results conference call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Bob Bertz. Thank you, Mr. Bertz. You may begin. Thank you. Good afternoon, everyone, and welcome to Marin Software's second quarter 2023 earnings conference call. My name is Bob Bertz, I'm Marin's CFO, and joining me today is Chris Lien, Marin's CEO. By now, you should have received a copy of our earnings release, which crossed the wire a short time ago. The release can also be obtained on our website at investors.marinsoftware.com. Call participants are advised that the audio of this conference call is being recorded for playback purposes, and that the recording will be made available on the investor relations section of our website within a few hours. Before we begin, I'd like to note that our discussion today will include forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements include statements about our business outlook and strategy, our expectations for customer adoption and use of our MarinOne platform, historical results that may suggest trends for our business, our expectations about our ability to improve customer retention and new business bookings, and to return to growth, our ability to manage our expenses and cash resources, the impact of investments in product and technology, progress on product development efforts, product capabilities, our relationships with publishers and other parties in the digital advertising market, expectations for future economic activity and digital advertising spending, expected restructuring costs and cost savings from our restructuring efforts, and our expected Q3 and future financial results. We make these statements as of August 3, 2023, and disclaim any duty to update them. For more information regarding these and other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements, as well as risks relating to our business in general, we refer you to the section entitled Risk Factors in our most recent reports on Form 10-Q and Form 10-K, as well as our other SEC filings. This presentation contains certain financial performance measures that are different from the financial measures calculated in accordance with GAAP and may also be different from similar calculations or measures used by other companies. A quantitative reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is available in our second quarter 2023 earnings release. With that, let me turn the call over to Chris. Thank you, Bob. Good afternoon, everyone, and thank you for joining our call today. I'll share my observations on the quarter and provide an update on our initiatives to return Marin to growth. Bob will then provide additional detail on our second quarter results for 2023 and our outlook for the third quarter of 2023. We are committed to return Marin to growth and to maximize shareholder value. Our plan to achieve this is focused on delivering a leading cross-channel advertising management platform to enable brands and their agencies to maximize the return from their online advertising investments. We call this platform MarinOne. As announced in today's earnings release, Q2 revenues came in at $4.4 million, which was above the high end of our previously published guidance for Q2, but still down from Q2 in the prior year. I should highlight that Marin's revenues declined about 8% year-over-year, showing moderation in our revenue decline. Our Q2 non-GAAP operating loss also was better than our guidance, even with our ongoing investment in MarinOne and our team. Our total cash balance at the end of Q2 was $19 million. As I've shared before, Marin seeks to be an ally in digital for the world's leading brands and their agencies. The online path to purchase traverses a range of channels, devices, and publishers. Marketers need to engage at all points of this customer journey, and the walled gardens of Google, Facebook, Amazon, and the other publishers do not play well together. Brands must connect the dots. Marin helps these advertisers to measure, manage, and optimize their online advertising investments, driving performance, time savings, and better business insights. We do this by serving as a performance layer that complements the tools that each of the publishers provides to its customers. These publisher tools understandably are focused on the ad units of each publisher and encourage brands to spend more with that publisher. The publisher tools generally don't compare advertising performance across publishers, don't highlight opportunities to reallocate spend across publishers to improve performance, and don't promote a unified view of a customer's journey across channels, devices, and publishers. We supplement our MarinOne platform with support from our experienced team of digital marketing experts, who can help brands to navigate the complex but rewarding world of digital advertising. The goal with MarinOne is to provide user-friendly reporting and analytics capabilities to brands and agencies to enable a business or customer view of their advertising investments, rather than a publisher-centric one of the publishers and their tools. As part of these efforts, and as I have mentioned on our last call, we launched Marin Connect, a reporting-focused solution for advertisers looking to collect the performance marketing data from a variety of sources and send to data warehouses, BI tools, and spreadsheets. Marin has the ability to provide marketers with revenue, cost, and ad performance data for the publishers that we support, as well as supporting Analytics-to-Action, whereby a marketer can review a report and then take action by clicking in on the report versus having to log into a separate system to make any changes. We also seek to complement the publisher tools by enabling management at scale for large paid media programs, driving time savings and financial lift. For Google this past quarter, Marin expanded our support for Google's Performance Max functionality to include syncing and reporting for Listing Groups for more detailed reporting and optimization. In the social category, during the quarter, Marin added support for Facebook's Dynamic Creative, a Facebook ad format that allows users to combine multiple media and multiple ad components, then dynamically mix and match them for the best-performing ads. We continue to invest to expand our support for Amazon Ads. Based on Marin's breadth and depth of support for Amazon Ads, Marin holds Amazon Ads advanced partner status, and we recently added Amazon organic revenue for shopping products, a metric column that gives customers information about non-paid sales, resulting from customers discovering and purchasing products without direct advertising. It includes sales from organic search results, browsing, recommendations, and customer reviews, and enables users to calculate the total advertising cost of sales. A meaningful focus of our product development efforts at this time is Marin's investment in optimization capabilities for digital advertisers and agencies, known as Ascend. Marin offers the ability to set and then pace a budget across a group of publishers and associated campaigns, while managing to a business performance target such as return on ad spend, or ROAS, or cost per lead. These budget management capabilities sit on top of the in-channel bidding capabilities of each of the publishers and also offer the ability to forecast results from potential ad investments using what-if functionality. Marin continues to appeal to B2B marketers with our cross-publisher support, including LinkedIn. As I've highlighted on past calls, Marin was recognized as a strong performer in the Forrester Wave B2B Advertising Solutions Q3 2022 report, and cited as best-in-class for B2B search and social advertising, based on a thorough evaluation by Forrester of our MarinOne platform. Forrester is a highly respected third-party technology advisory firm, and in this role is able to access and review the leading providers in a given market space. Forrester's validation of our cross-channel strategy for B2B marketers is a sign of the importance of coordinating a brand's messaging across channels to reach prospects. We expect more B2B marketers to consider MarinOne for their marketing needs as a result of this recognition. Marin is a LinkedIn Tier One partner, their highest designation, and is now the only campaign optimization tool in this top tier, reflecting Marin's commitment to this important growing B2B publisher. As we have discussed on past calls, our activities to support brands and their agencies take place against an active backdrop of governmental antitrust investigation of the businesses of leading publishers in the digital advertising market at the federal and state levels, as well as in the EU. There also is the potential of federal legislation to regulate the conduct of the leading publishers that could benefit Marin's role as an independent ad management platform. Marin enjoys coopetition relationships with the leading publishers, and we do not expect significant changes in these relationships in the near term. I continue to believe that Marin has a tremendous opportunity ahead. Marin can benefit as consumers spend increasing time online and ad dollars follow them, creating more need for brands to measure, manage, and optimize these investments to acquire customers and drive revenue outcomes. With the combined online advertising share of Google and Meta below 50% and the growing fragmentation of digital advertising, we are seeing increasing interest in brands taking a cross-channel approach to their digital advertising investments, leveraging Marin's cross-channel reporting, management at scale, and budget optimization. Marin, with our MarinOne platform and our team of digital advertising experts, is well positioned to support leading brands and their agencies in these efforts. Before I turn the call over to Bob, I want to comment on the restructuring and reduction in force plan that we commenced implementing at the end of July that reduced our team by approximately 78 team members across the company, 64 full-time employees and 14 contractors, which will reduce our full-time workforce by approximately 40%, resulting in a team of approximately 117 employees and contractors. We undertook these changes to bring our operating costs more in line with our revenues, while preserving our ability to support our customers and to deliver on our vision for MarinOne. We believe these changes are the right ones for us to make, given Marin's current circumstances. We believe in our cross-channel strategy for brands and agencies, mirroring the customer's path to purchase, but the results from these efforts are taking longer to achieve. We made the difficult decision to reduce our team size and expenses to extend Marin's financial resources while we work to improve Marin's revenue through better retention and new customer bookings. As we have highlighted, we estimate that these changes will yield pre-tax annualized cost savings of approximately $10 million-$13 million, which we will begin to realize in the third quarter. These are difficult steps to take. We parted ways with many talented team members, but we believe these actions will improve Marin's opportunity to deliver better results in the coming quarters. Now Bob will review our second quarter financial results and our outlook for the third quarter of 2023. Thank you, Chris. I'll provide an overview of our second quarter results and then share our forecast for the third quarter of 2023. I'll begin with a review of our income statement. For the second quarter of 2023, Marin generated $4.4 million in revenue, which beat the high end of our guidance by approximately $0.1 million. Second quarter revenue was down approximately 8% when compared to total revenue for the second quarter of 2022. The decrease in revenue year-over-year is primarily attributable to the fact that existing customer churn has outpaced new bookings. Our geographic split for revenue is approximately 80% US and 20% international for the second quarter of 2023. Moving on to our operating results. As a reminder, our financial statements and a reconciliation of our GAAP to non-GAAP financial measures can be found in our earnings release issued earlier today. Our non-GAAP operating loss was $4.8 million for the second quarter of 2023, as compared to a $4.6 million loss for the second quarter of 2022. The $4.8 million non-GAAP operating loss in Q2 beat the high end of our guidance by approximately $0.5 million. The increase in operating losses compared to Q2 of 2022 is primarily attributable to lower revenue in the current period as compared to last year. Our non-GAAP operating expenses in Q2 2023 were essentially flat when compared to the year ago quarter, as slight increases in sales and marketing expenses were offset by lower general and administrative expenses. We ended the quarter with 172 total headcount globally versus 165 a year ago. About half of our team is in technology roles, reflecting the significant investment we have made in delivering products to drive results for leading brands and their agencies. As Chris mentioned earlier, we commenced the implementation of a restructuring plan in July of 2023, that is expected to reduce our pre-tax cost structure by approximately $10 million-$13 million on an annualized basis. Approximately $9 million-$10 million of the estimated annualized cost savings is expected to come from a reduction in force, which will reduce our workforce globally by approximately 64 positions, as well as approximately 14 full-time equivalent contractor roles. We expect to incur $1 million-$1.5 million in restructuring costs, substantially all of which relate to severance and other one-time termination benefits. We anticipate that the reduction in force will be substantially completed and that we will begin to realize the associated cost savings during the third quarter of 2023. This restructuring is intended to bring our expense base more in line with our current revenues. In terms of our balance sheet, we ended the quarter with a total cash balance of $19 million, as compared to $23.7 million at the end of the previous quarter. Moving on to our outlook. For Q3 2023, we expect revenue to be in the range of $4 million-$4.4 million, and our non-GAAP operating loss is expected to be in the range of $3.3 million-$3 million. This concludes our call for today. Thank Thank you for your time. We look forward to updating you again during our Q3 2023 earnings call. This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.