Marchex Announces Second Quarter 2024 Results
Marchex (NASDAQ: MCHX) reported its Q2 2024 financial results, showing a slight decline in revenue but improved profitability. GAAP revenue was $12.1 million, down from $12.5 million in Q2 2023. The company reduced its net loss to $0.8 million ($0.02 per share) from $2.7 million ($0.06 per share) year-over-year. Notably, Marchex achieved positive Adjusted EBITDA of $0.3 million, compared to -$1.0 million in Q2 2023.
The company highlighted progress in customer acquisition and expansion, particularly in the Auto, Auto Services, and Home Services verticals. Marchex also received two industry awards for its AI-driven solutions. CEO Edwin Miller expressed confidence in meeting margin and profitability goals for the year, setting a foundation for future growth.
Marchex (NASDAQ: MCHX) ha riportato i risultati finanziari del Q2 2024, mostrando un lieve calo nei ricavi ma un miglioramento della redditività. Il fatturato GAAP è stato di 12,1 milioni di dollari, rispetto ai 12,5 milioni di dollari del Q2 2023. L'azienda ha ridotto la sua perdita netta a 0,8 milioni di dollari (0,02 dollari per azione) dai 2,7 milioni di dollari (0,06 dollari per azione) dell'anno precedente. È importante notare che Marchex ha ottenuto un EBITDA rettificato positivo di 0,3 milioni di dollari, rispetto a -1,0 milioni di dollari del Q2 2023.
L'azienda ha evidenziato progressi nell'acquisizione e nell'espansione dei clienti, in particolare nei settori Auto, Servizi Auto e Servizi per la Casa. Marchex ha anche ricevuto due premi del settore per le sue soluzioni basate sull'intelligenza artificiale. Il CEO Edwin Miller ha espresso fiducia nel raggiungere gli obiettivi di margine e redditività per l'anno, ponendo le basi per una futura crescita.
Marchex (NASDAQ: MCHX) reportó sus resultados financieros del segundo trimestre de 2024, mostrando una ligera disminución en los ingresos pero una mejora en la rentabilidad. Los ingresos GAAP fueron de 12,1 millones de dólares, una disminución de 12,5 millones de dólares en el segundo trimestre de 2023. La compañía redujo su pérdida neta a 0,8 millones de dólares (0,02 dólares por acción) desde 2,7 millones de dólares (0,06 dólares por acción) año tras año. Es notable que Marchex logró un EBITDA ajustado positivo de 0,3 millones de dólares, en comparación con -1,0 millones de dólares en el Q2 2023.
La compañía destacó el progreso en la adquisición y expansión de clientes, especialmente en los sectores de Automóvil, Servicios de Automóvil y Servicios para el Hogar. Marchex también recibió dos premios de la industria por sus soluciones impulsadas por IA. El CEO Edwin Miller expresó confianza en cumplir los objetivos de margen y rentabilidad para el año, estableciendo una base para el crecimiento futuro.
Marchex (NASDAQ: MCHX)는 2024년 2분기 재무 결과를 발표하며 수익은 소폭 감소했지만 수익성은 개선되었다고 밝혔습니다. GAAP 수익은 1,210만 달러로, 2023년 2분기의 1,250만 달러에서 감소했습니다. 회사는 순손실을 80만 달러(주당 0.02달러)로 줄였으며, 이는 지난해의 270만 달러(주당 0.06달러)에서 개선된 수치입니다. 특히 Marchex는 2023년 2분기의 -100만 달러와 비교하여 조정 EBITDA가 30만 달러로 긍정적인 성과를 달성했습니다.
회사는 자동차, 자동차 서비스, 주택 서비스 분야에서 고객 확보 및 확장에서의 진전을 강조했습니다. Marchex는 AI 기반 솔루션으로 두 개의 산업 상도 수상했습니다. CEO 에드윈 밀러는 올해의 마진 및 수익성 목표 달성에 대한 자신감을 표명하며, 향후 성장을 위한 기초를 다지고 있습니다.
Marchex (NASDAQ: MCHX) a annoncé ses résultats financiers pour le deuxième trimestre 2024, montrant une légère baisse des revenus mais une amélioration de la rentabilité. Les revenus GAAP se chiffrent à 12,1 millions de dollars, en baisse par rapport à 12,5 millions de dollars au deuxième trimestre 2023. La société a réduit sa perte nette à 0,8 million de dollars (0,02 dollar par action) contre 2,7 millions de dollars (0,06 dollar par action) l'année précédente. Il convient de noter que Marchex a réalisé un EBITDA ajusté positif de 0,3 million de dollars, contre -1,0 million de dollars au Q2 2023.
La société a souligné les progrès réalisés en matière d'acquisition et d'expansion de clients, en particulier dans les secteurs de l'automobile, des services automobiles et des services à domicile. Marchex a également reçu deux prix de l'industrie pour ses solutions basées sur l'IA. Le PDG Edwin Miller a exprimé sa confiance dans l'atteinte des objectifs de marge et de rentabilité pour l'année, établissant ainsi une base pour la croissance future.
Marchex (NASDAQ: MCHX) hat seine finanziellen Ergebnisse für das zweite Quartal 2024 bekannt gegeben, wobei ein leichter Rückgang des Umsatzes, aber eine verbesserte Rentabilität festgestellt wurde. Der GAAP-Umsatz betrug 12,1 Millionen Dollar, was einem Rückgang von 12,5 Millionen Dollar im Q2 2023 entspricht. Das Unternehmen konnte seinen Nettoverlust auf 0,8 Millionen Dollar (0,02 Dollar pro Aktie) von 2,7 Millionen Dollar (0,06 Dollar pro Aktie) im Jahr davor reduzieren. Bemerkenswert ist, dass Marchex ein positives bereinigtes EBITDA von 0,3 Millionen Dollar erreicht hat, verglichen mit -1,0 Millionen Dollar im Q2 2023.
Das Unternehmen hob Fortschritte bei der Kundengewinnung und -erweiterung hervor, insbesondere in den Bereichen Auto, Auto-Dienstleistungen und Haussdienste. Marchex erhielt außerdem zwei Branchenpreise für seine KI-gesteuerten Lösungen. CEO Edwin Miller äußerte Vertrauen in die Erreichung von Margen- und Rentabilitätszielen für das Jahr und legte damit den Grundstein für zukünftiges Wachstum.
- Improved profitability with net loss reduced from $2.7 million to $0.8 million year-over-year
- Positive Adjusted EBITDA of $0.3 million, up from -$1.0 million in Q2 2023
- Progress in adding new customers in Auto and Auto Services verticals
- Expansion of existing relationships in Home Services vertical
- Increased conversation volumes compared to Q1 2024
- Won two industry awards for AI solutions and customer success
- GAAP revenue decreased from $12.5 million to $12.1 million year-over-year
- Still operating at a net loss, albeit reduced
Insights
Marchex's Q2 2024 results show a mixed picture. While revenue declined slightly to
The company's focus on operational efficiency is evident, as they've managed to cut losses while maintaining relatively stable revenue. The slight revenue decline (
Marchex's recent product innovations and industry recognition are positive indicators of its technological competitiveness. Winning the AI Breakthrough Award for "Best Text Generative AI Solution" highlights the company's strength in AI and conversational intelligence, which are important in today's tech landscape. The APPEALIE SaaS Customer Success award further underscores Marchex's commitment to customer satisfaction, a key factor for retention and growth in the SaaS industry.
The company's focus on its OneStack initiative and continued development of prescriptive analytics capabilities could position it well in the evolving AI-driven business intelligence market. However, the modest increase in conversation volumes suggests that Marchex may need to accelerate adoption of its AI solutions to drive more significant growth in the future.
Q2 2024 Financial Highlights
-
GAAP revenue was
$12.1 million $12.5 million -
Net loss was
$0.8 million $0.02 $2.7 million $0.06
|
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Q2 2023 |
|
Q2 2024 |
GAAP Revenue |
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|
|
|
Non-GAAP Results: |
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|
|
|
Adjusted EBITDA |
|
|
|
|
-
Adjusted non-GAAP loss per share for the second quarter of 2024 was (
$0.01 $0.03
Recent Business Highlights:
- New Customer Traction and Existing Customer Expansion. During the quarter, the company made progress in adding relationships in the Auto and Auto Services verticals as well as in expanding existing relationships in the Home Services vertical. The company continues to make progress expanding its pipeline of opportunities across multiple verticals.
- Conversation Volumes. Overall conversation volumes in the second quarter were up somewhat from first quarter of 2024 levels.
- Product Innovation. Marchex recently announced that it has won two additional industry awards: The AI Breakthrough Award for "Best Text Generative AI Solution" and the APPEALIE SaaS Customer Success award. The company continues to be recognized for its innovation with its Call Summaries and Sentiment Suite offering and its commitment to customer success.
“Our business is making significant progress across the key initiatives that we believe will enable Marchex to become an industry leading prescriptive analytics company," said Edwin Miller, CEO. “From the strides we are making with our OneStack initiative to the continued development of our sales pipeline, we are putting the pieces in place to harness our industry leading vertical market data and accelerate the business. We believe that we are on target with our margin and profitability goals for the year and that we are setting a strong foundation for future growth."
Business Outlook
The following forward-looking statements reflect Marchex's expectations as of August 8, 2024.
For the third quarter ending September 30, 2024:
-
Revenue is anticipated to increase to be in the range of
$12.6 million - Adjusted EBITDA is anticipated to be in the range of or better than second quarter 2024 results.
“We are upgrading our technical foundation to accelerate future AI-powered product innovations while delivering against our targets to improve the financial outlook for the business. Additionally, based on current progress, we believe we are in a strong position to see sequential growth in the third quarter, deliver greater overall operating leverage in the business and meet or exceed our target for gross margin improvement for the year,” said Miller.
Management will hold a conference call, starting at 5:00 p.m. ET on Thursday, August 8, 2024, to discuss its second quarter 2024 financial results and other company updates. Access to the live webcast of the conference call will be available online from the Investors section of Marchex’s website at www.marchex.com. An archived version of the webcast will also be available at the same location two hours after completion of the call.
About Marchex
Marchex harnesses the power of AI and conversational intelligence to provide actionable insights aligned with prescriptive vertical market data analytics, driving operational excellence and revenue acceleration. Marchex enables executive, sales, and marketing teams to optimize customer journey experiences across communication channels. Through our prescriptive analytics solutions, we enable the alignment of enterprise strategy, empowering businesses to increase revenue through informed decision-making and strategic execution. Marchex provides conversational intelligence AI-powered solutions for market-leading companies in leading B2B2C vertical markets, including several of the world’s most innovative and successful brands.
Please visit http://www.marchex.com, www.marchex.com/blog or @marchex on X (formally known as Twitter), where Marchex discloses material information from time to time about the company, its financial information, and its business.
Forward-Looking Statements:
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, other financial guidance, acquisitions, dispositions, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. There are a number of important factors that could cause Marchex's actual results to differ materially from those indicated by such forward-looking statements including but not limited to product demand, order cancellations and delays, competition and general economic conditions. These factors are described in greater detail in the "Risk Factors" section of our most recent periodic report and registration statement filed with the SEC. All of the information provided in this release is as of August 8, 2024, and Marchex undertakes no duty to update the information provided herein.
In the event the press release contains links to third party websites or materials, the links are provided solely as a convenience to you. Marchex is not responsible for the content of linked third-party sites or materials and does not make any representations regarding the content or accuracy thereof.
Non-GAAP Financial Information:
To supplement Marchex's consolidated financial statements presented in accordance with GAAP and to provide clarity internally and externally, Marchex uses certain non-GAAP measures of financial performance and liquidity, including Adjusted EBITDA, Adjusted OIBA, and Adjusted non-GAAP income (loss) per share. Financial analysts and investors may use Adjusted EBITDA and Adjusted OIBA to help with comparative financial evaluation to make informed investment decisions. Financial analysts and investors may use Adjusted non-GAAP income (loss) per share to analyze Marchex's financial performance since these groups have historically used EPS related measures, along with other measures, to estimate the value of a company, to make informed investment decisions, and to evaluate a company's operating performance compared to that of other companies in its industry.
Adjusted EBITDA represents net income (loss) before (1) interest, (2) income taxes, (3) amortization of intangible assets from acquisitions, (4) depreciation and amortization, (5) stock-based compensation expense, and (6) acquisition and disposition-related costs. Adjusted EBITDA is an alternative measure used by our management to understand and evaluate our core operating performance and trends, and management believes it provides meaningful supplemental information regarding the company's liquidity and ability to fund its operations and financing obligations.
Adjusted OIBA represents Adjusted EBITDA adjusted for depreciation and amortization. This measure, among other things, is another metric by which Marchex has evaluated the performance of its business, to include being the basis on which Marchex's internal budgets have been based and by which Marchex's management has been evaluated. This measure represents Marchex's consolidated operating results, taking into account depreciation and other intangible amortization, but excluding the effects of certain other expenses removed in arriving at Adjusted EBITDA, as detailed above.
Adjusted non-GAAP income (loss) per share represents Adjusted non-GAAP income (loss) divided by GAAP diluted shares outstanding. Adjusted non-GAAP income (loss) generally captures those items on the statement of operations that have been, or ultimately will be, settled in cash exclusive of certain items that are not indicative of Marchex’s recurring core operating results and represents net income (loss) applicable to common stockholders plus the net of tax effects of: (1) stock-based compensation expense, (2) acquisition and disposition related costs, (3) amortization of intangible assets from acquisitions, and (4) interest (income) expense and other, net.
Marchex's management believes that investors should have access to, and Marchex is obligated to provide, the same set of tools that management uses in analyzing the company's results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, and should not be considered in isolation, as a substitute for, or superior to, GAAP results. Marchex’s non-GAAP financial measures may be defined differently from time to time and may be defined differently than similar titled terms used by other companies, and accordingly, care should be exercised in understanding how Marchex defines its non-GAAP financial measures in this release. Marchex endeavors to compensate for the limitations of the non-GAAP measures presented by providing the comparable GAAP measure with equal or greater prominence, GAAP financial statements, and detailed descriptions of the reconciling items and adjustments, including quantifying such items, to derive the non-GAAP measure.
MARCHEX, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited) |
||||||||||||||||
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
||||
Revenue |
|
$ |
12,522 |
|
|
$ |
12,074 |
|
|
$ |
24,738 |
|
|
$ |
23,646 |
|
Expenses: |
|
|
|
|
|
|
|
|
||||||||
Service costs (1) |
|
|
5,418 |
|
|
|
4,152 |
|
|
|
10,842 |
|
|
|
8,566 |
|
Sales and marketing (1) |
|
|
2,631 |
|
|
|
2,742 |
|
|
|
6,601 |
|
|
|
5,529 |
|
Product development (1) |
|
|
4,096 |
|
|
|
3,223 |
|
|
|
8,260 |
|
|
|
6,468 |
|
General and administrative (1) |
|
|
2,546 |
|
|
|
2,528 |
|
|
|
5,163 |
|
|
|
4,817 |
|
Amortization of intangible assets from acquisitions |
|
|
531 |
|
|
|
151 |
|
|
|
1,062 |
|
|
|
301 |
|
Acquisition and disposition related costs |
|
|
(1 |
) |
|
|
— |
|
|
|
12 |
|
|
|
— |
|
Total operating expenses |
|
|
15,221 |
|
|
|
12,796 |
|
|
|
31,940 |
|
|
|
25,681 |
|
Loss from operations |
|
|
(2,699 |
) |
|
|
(722 |
) |
|
|
(7,202 |
) |
|
|
(2,035 |
) |
Interest income (expense) and other, net |
|
|
(31 |
) |
|
|
(31 |
) |
|
|
26 |
|
|
|
(109 |
) |
Loss before provision for income taxes |
|
|
(2,730 |
) |
|
|
(753 |
) |
|
|
(7,176 |
) |
|
|
(2,144 |
) |
Income tax expense |
|
|
14 |
|
|
|
3 |
|
|
|
44 |
|
|
|
62 |
|
Net loss applicable to common stockholders |
|
$ |
(2,744 |
) |
|
$ |
(756 |
) |
|
$ |
(7,220 |
) |
|
$ |
(2,206 |
) |
Basic and diluted net loss per Class A and Class B share applicable to common stockholders |
|
$ |
(0.06 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.05 |
) |
|
|
|
|
|
|
|
|
|
||||||||
Shares used to calculate basic net loss per share applicable to common stockholders: |
|
|
|
|
|
|
|
|
||||||||
Class A |
|
|
4,661 |
|
|
|
4,661 |
|
|
|
4,661 |
|
|
|
4,661 |
|
Class B |
|
|
37,840 |
|
|
|
38,403 |
|
|
|
37,837 |
|
|
|
38,398 |
|
Shares used to calculate diluted net loss per share applicable to common stockholders: |
|
|
|
|
|
|
|
|
||||||||
Class A |
|
|
4,661 |
|
|
|
4,661 |
|
|
|
4,661 |
|
|
|
4,661 |
|
Class B |
|
|
42,501 |
|
|
|
43,064 |
|
|
|
42,498 |
|
|
|
43,059 |
|
(1) Includes stock-based compensation allocated as follows: |
|
|
|
|
|
|
|
|
||||||||
Service costs |
|
$ |
(45 |
) |
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
6 |
|
Sales and marketing |
|
|
228 |
|
|
|
88 |
|
|
|
491 |
|
|
|
176 |
|
Product development |
|
|
47 |
|
|
|
14 |
|
|
|
133 |
|
|
|
22 |
|
General and administrative |
|
|
471 |
|
|
|
333 |
|
|
|
876 |
|
|
|
666 |
|
Total |
|
$ |
701 |
|
|
$ |
438 |
|
|
$ |
1,500 |
|
|
$ |
870 |
|
MARCHEX, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands) (unaudited) |
||||||||
|
|
December 31, |
|
June 30, |
||||
|
|
2023 |
|
|
2024 |
|
||
Assets |
|
|
|
|
||||
Current assets: |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
14,607 |
|
|
$ |
11,977 |
|
Accounts receivable, net |
|
|
7,394 |
|
|
|
7,636 |
|
Prepaid expenses and other current assets |
|
|
1,805 |
|
|
|
2,874 |
|
Total current assets |
|
|
23,806 |
|
|
|
22,487 |
|
Property and equipment, net |
|
|
2,398 |
|
|
|
1,861 |
|
Other assets, net |
|
|
1,482 |
|
|
|
1,900 |
|
Right-of-use lease asset |
|
|
1,631 |
|
|
|
1,397 |
|
Goodwill |
|
|
17,558 |
|
|
|
17,558 |
|
Intangible assets from acquisitions, net |
|
|
602 |
|
|
|
301 |
|
Total assets |
|
$ |
47,477 |
|
|
$ |
45,504 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
||||
Current liabilities: |
|
|
|
|
||||
Accounts payable |
|
$ |
1,533 |
|
|
$ |
1,921 |
|
Accrued benefits and payroll |
|
|
3,294 |
|
|
|
2,138 |
|
Other accrued expenses and current liabilities |
|
|
3,217 |
|
|
|
3,453 |
|
Deferred revenue and deposits |
|
|
1,214 |
|
|
|
1,470 |
|
Lease liability current |
|
|
462 |
|
|
|
486 |
|
Total current liabilities |
|
|
9,720 |
|
|
|
9,468 |
|
Deferred tax liabilities |
|
|
249 |
|
|
|
278 |
|
Finance lease, non-current |
|
|
421 |
|
|
|
256 |
|
Lease liability, non-current |
|
|
1,217 |
|
|
|
967 |
|
Total liabilities |
|
|
11,607 |
|
|
|
10,969 |
|
Stockholders’ equity: |
|
|
|
|
||||
Class A common stock |
|
|
49 |
|
|
|
49 |
|
Class B common stock |
|
|
386 |
|
|
|
389 |
|
Additional paid-in capital |
|
|
356,666 |
|
|
|
357,534 |
|
Accumulated deficit |
|
|
(321,231 |
) |
|
|
(323,437 |
) |
Total stockholders’ equity |
|
|
35,870 |
|
|
|
34,535 |
|
Total liabilities and stockholders’ equity |
|
$ |
47,477 |
|
|
$ |
45,504 |
|
MARCHEX, INC. AND SUBSIDIARIES (in thousands) (unaudited) Reconciliation of GAAP Net Loss to Adjusted EBITDA and Adjusted Operating Income (Loss) Before Amortization (OIBA) |
||||||||||||||||
|
|
|
|
|
||||||||||||
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
||||
Net loss applicable to common stockholders |
|
$ |
(2,744 |
) |
|
$ |
(756 |
) |
|
$ |
(7,220 |
) |
|
$ |
(2,206 |
) |
Interest (income) expense and other, net |
|
|
31 |
|
|
|
31 |
|
|
|
(26 |
) |
|
|
109 |
|
Income tax expense |
|
|
14 |
|
|
|
3 |
|
|
|
44 |
|
|
|
62 |
|
Amortization of intangible assets from acquisitions |
|
|
531 |
|
|
|
151 |
|
|
|
1,062 |
|
|
|
301 |
|
Depreciation and amortization |
|
|
422 |
|
|
|
385 |
|
|
|
780 |
|
|
|
708 |
|
Stock-based compensation |
|
|
701 |
|
|
|
438 |
|
|
|
1,500 |
|
|
|
870 |
|
Acquisition and disposition-related costs |
|
|
(1 |
) |
|
|
— |
|
|
|
12 |
|
|
|
— |
|
Adjusted EBITDA |
|
$ |
(1,046 |
) |
|
$ |
252 |
|
|
$ |
(3,848 |
) |
|
$ |
(156 |
) |
Depreciation and amortization |
|
|
422 |
|
|
|
385 |
|
|
|
780 |
|
|
|
708 |
|
Adjusted OIBA |
|
$ |
(1,468 |
) |
|
$ |
(133 |
) |
|
$ |
(4,628 |
) |
|
$ |
(864 |
) |
MARCHEX, INC. AND SUBSIDIARIES (in thousands) (unaudited) Reconciliation of GAAP Net Loss per Share to Adjusted Non-GAAP Loss1 |
||||||||||||||||
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
||||
Net loss applicable to common stockholders, diluted |
|
$ |
(0.06 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.05 |
) |
Stock-based compensation |
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.03 |
|
|
|
0.02 |
|
Acquisition and disposition-related costs |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Amortization of intangible assets from acquisitions |
|
|
0.01 |
|
|
|
- |
|
|
|
0.03 |
|
|
|
0.01 |
|
Interest (income) expense and other, net |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Adjusted non-GAAP loss per share |
|
$ |
(0.03 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.02 |
) |
Shares used to calculate diluted net loss per share applicable to common stockholders (GAAP) and Adjusted Non-GAAP loss per share |
|
|
42,501 |
|
|
|
43,064 |
|
|
|
42,498 |
|
|
|
43,059 |
|
1 |
For the purpose of computing the number of diluted shares for Adjusted non-GAAP income (loss) per share, Marchex uses the accounting guidance that would be applicable for computing the number of diluted shares for GAAP net income (loss) per share. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808360045/en/
Trevor Caldwell
Marchex Investor Relations
Telephone: 206.331.3600
Email: ir@marchex.com
Or
MEDIA INQUIRIES
Marchex Corporate Communications
Telephone: 206.331.3434
Email: pr(at)marchex.com
Source: Marchex, Inc.
FAQ
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