Marchex Announces Third Quarter 2024 Results
Marchex (NASDAQ: MCHX) reported Q3 2024 financial results with GAAP revenue of $12.6 million, slightly down from $12.8 million in Q3 2023. The company reduced its net loss to $0.8 million ($0.02 per share) from $1.5 million ($0.04 per share) year-over-year. Adjusted EBITDA was $0.3 million.
The company announced growth in Auto and Auto Services verticals, expansion in Home Services and Healthcare, and a new partnership with DealerOn. Marchex also revealed plans for vertical-specific AI solutions rollout in Q4, focusing on lead identification, value assessment, and trending topics discovery.
Marchex (NASDAQ: MCHX) ha riportato i risultati finanziari del Q3 2024 con un fatturato GAAP di 12,6 milioni di dollari, leggermente in calo rispetto ai 12,8 milioni di dollari del Q3 2023. L'azienda ha ridotto la sua perdita netta a 0,8 milioni di dollari (0,02 dollari per azione) rispetto a 1,5 milioni di dollari (0,04 dollari per azione) anno su anno. L'EBITDA rettificato è stato di 0,3 milioni di dollari.
L'azienda ha annunciato una crescita nei settori Auto e Servizi Auto, un'espansione nei Servizi per la Casa e nella Sanità, e una nuova partnership con DealerOn. Marchex ha anche rivelato piani per il lancio di soluzioni AI specifiche per settore nel Q4, concentrandosi sull'identificazione dei lead, sulla valutazione del valore e sulla scoperta di argomenti di tendenza.
Marchex (NASDAQ: MCHX) reportó los resultados financieros del Q3 2024 con un ingreso GAAP de 12,6 millones de dólares, ligeramente inferior a los 12,8 millones de dólares del Q3 2023. La empresa redujo su pérdida neta a 0,8 millones de dólares (0,02 dólares por acción) desde 1,5 millones de dólares (0,04 dólares por acción) en comparación con el año anterior. El EBITDA ajustado fue de 0,3 millones de dólares.
La empresa anunció un crecimiento en los sectores de Automóviles y Servicios de Automóviles, una expansión en los Servicios para el Hogar y la Atención Médica, y una nueva asociación con DealerOn. Marchex también reveló planes para el lanzamiento de soluciones de IA específicas por sector en el Q4, enfocándose en la identificación de leads, la evaluación de valor y el descubrimiento de temas de tendencia.
Marchex (NASDAQ: MCHX)는 2024년 3분기 재무 결과를 발표하였으며, GAAP 매출은 1,260만 달러로 2023년 3분기의 1,280만 달러에서 약간 감소했습니다. 회사는 순손실을 80만 달러 (주당 0.02달러)로 줄였으며, 이는 지난해 150만 달러 (주당 0.04달러)에서 감소한 것입니다. 조정된 EBITDA는 30만 달러였습니다.
회사는 자동차 및 자동차 서비스 분야에서의 성장, 주택 서비스 및 헬스케어 분야의 확장, 그리고 DealerOn과의 새로운 파트너십을 발표했습니다. Marchex는 또한 Q4에 리드 식별, 가치 평가 및 트렌드 주제 발견을 중심으로 하는 수직 특정 AI 솔루션 도입 계획을 밝혔습니다.
Marchex (NASDAQ: MCHX) a rapporté les résultats financiers du T3 2024 avec un chiffre d'affaires GAAP de 12,6 millions de dollars, légèrement en baisse par rapport à 12,8 millions de dollars au T3 2023. L'entreprise a réduit sa perte nette à 0,8 million de dollars (0,02 dollar par action) contre 1,5 million de dollars (0,04 dollar par action) l'année précédente. L'EBITDA ajusté était de 0,3 million de dollars.
L'entreprise a annoncé une croissance dans les secteurs de l'Automobile et des Services Automobiles, une expansion dans les Services à Domicile et la Santé, ainsi qu'un nouveau partenariat avec DealerOn. Marchex a également révélé des plans pour le déploiement de solutions d'IA spécifiques au secteur au T4, axées sur l'identification de leads, l'évaluation de valeur et la découverte de sujets tendances.
Marchex (NASDAQ: MCHX) berichtete über die finanziellen Ergebnisse des dritten Quartals 2024 mit einem GAAP-Umsatz von 12,6 Millionen Dollar, was einen leichten Rückgang im Vergleich zu 12,8 Millionen Dollar im dritten Quartal 2023 darstellt. Das Unternehmen verringerte seinen Nettverlust auf 0,8 Millionen Dollar (0,02 Dollar pro Aktie) im Vergleich zu 1,5 Millionen Dollar (0,04 Dollar pro Aktie) im Vorjahr. Das bereinigte EBITDA lag bei 0,3 Millionen Dollar.
Das Unternehmen gab Wachstum in den Bereichen Auto und Auto-Dienstleistungen, Erweiterungen in den Bereichen Wohnungsdienstleistungen und Gesundheitswesen sowie eine neue Partnerschaft mit DealerOn bekannt. Marchex enthüllte auch Pläne für die Einführung von vertikalspezifischen KI-Lösungen im Q4, die sich auf die Identifizierung von Leads, die Bewertung von Werten und die Entdeckung von Trends konzentrieren.
- Net loss improvement from $1.5M to $0.8M year-over-year
- New partnership with DealerOn for call analytics implementation
- Expansion into Home Services and Healthcare verticals
- Planned rollout of vertical-specific AI solutions in Q4
- Revenue decline from $12.8M to $12.6M year-over-year
- Adjusted EBITDA decrease from $0.4M to $0.3M
Insights
Marchex's Q3 results show a mixed picture with concerning trends. Revenue declined
While the company is making strategic moves in AI and expanding into new verticals like Home Services and Healthcare, the financial metrics don't yet reflect meaningful growth. The partnership with DealerOn could provide new revenue streams, but investors should monitor whether these initiatives translate into revenue growth and improved profitability in coming quarters. The continued adjusted loss per share of
The company's strategic pivot towards vertical-specific AI solutions marks a significant technological evolution. The new AI capabilities focusing on lead identification, value assessment and trending topics discovery represent a sophisticated approach to market segmentation. These tools leverage conversational intelligence to deliver actionable insights - a growing necessity in the digital marketing landscape.
The infrastructure initiatives mentioned suggest backend improvements that could enhance scalability and processing capabilities. However, the phased rollout starting in Q4 indicates these are still early-stage developments. The success will largely depend on the accuracy and practical utility of these AI models in delivering measurable ROI improvements for clients.
Q3 2024 Financial Highlights
-
GAAP revenue was
$12.6 million $12.8 million -
Net loss was
$0.8 million $0.02 $1.5 million $0.04
|
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Q3 2024 |
|
Q3 2023 |
GAAP Revenue |
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|
|
Non-GAAP Results: |
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|
|
|
Adjusted EBITDA |
|
|
|
|
-
Adjusted non-GAAP loss per share for the third quarter of 2024 was (
$0.01 $0.01
Recent Business Highlights:
- New Customer Traction and Existing Customer Expansion. The company has continued to make progress in growing the Auto and Auto Services verticals, as well as adding relationships in the Home Services and Healthcare verticals. The company also continues to make progress expanding its pipeline of opportunities and accelerating product cross-selling to existing and new customers across multiple verticals.
- Product Innovation. Marchex recently announced the phased rollout of its vertical-specific advanced AI solutions tailored for automotive OEMs and dealers, home services, medical, dental, and automotive services, beginning in the fourth quarter. These AI solutions include innovation for lead identification, lead value assessment, and trending topics discovery. They deliver descriptive and prescriptive insights that enable businesses to improve return on ad spend, understand the primary elements driving changes in customer behavior, and increase sales.
- DealerOn Partnership. During the quarter, the Company announced its partnership with DealerOn, a leading automotive marketing technology company. DealerOn will deploy Marchex's call analytics and attribution platform to optimize marketing campaigns for their customers by leveraging conversational intelligence from calls, including attribution to marketing sources.
“As we position Marchex for future growth, we are utilizing the power of our vast direct first-party conversational data to expand our capabilities while making significant progress across the key initiatives that drive Marchex's future," said Edwin Miller, CEO. “In the third quarter of 2024, we completed important milestones in our foundational infrastructure initiatives and have continued resourcing our key growth opportunities that we believe will power Marchex in 2025 and beyond. We are laser focused on growth initiatives that include product innovation, sales team and channel expansion, and the next phase of our infrastructure initiatives that we believe will enable Marchex to achieve leadership in AI-driven prescriptive analytics. We believe that we are on target to build a much larger company with a compelling growth and profitability profile."
Business Outlook
The following forward-looking statements reflect Marchex's expectations as of October 31, 2024.
For the fourth quarter ending December 31, 2024:
-
Revenue is anticipated to be in the range of
$12.0 million -
Adjusted EBITDA is anticipated to be a loss in the range of
$(0.4) million - Gross margin is anticipated to be slightly lower than Q3 2024, which trended consistent with Q2 and was somewhat higher than anticipated due to timing of certain expense items.
Initial fiscal 2025:
- Revenue for the first quarter of 2025 is anticipated to be higher than the first quarter of 2024 and sequentially higher than the fourth quarter of 2024.
- Revenue in 2025 is anticipated to grow over 2024, with the opportunity for accelerating sequential growth rates during 2025.
- We anticipate gross margins for 2025 will be higher than 2024, with the opportunity for improvement during 2025.
- We also anticipate that Adjusted EBITDA for the first quarter of 2025 will be improved from the fourth quarter of 2024 levels.
“In the third quarter, we made significant progress with our OneStack initiatives and in AI-powered product innovations. Additionally, based on current progress, we believe we are very well positioned to drive growth in 2025,” said Miller.
Management will hold a conference call, starting at 5:00 p.m. ET on Thursday, October 31, 2024, to discuss its third 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 October 31, 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 September 30, |
|
Nine Months Ended September 30, |
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Revenue |
|
$ |
12,553 |
|
|
$ |
12,778 |
|
|
$ |
36,200 |
|
|
$ |
37,516 |
|
Expenses: |
|
|
|
|
|
|
|
|
||||||||
Service costs (1) |
|
|
4,224 |
|
|
|
5,057 |
|
|
|
12,790 |
|
|
|
15,899 |
|
Sales and marketing (1) |
|
|
3,224 |
|
|
|
2,319 |
|
|
|
8,753 |
|
|
|
8,920 |
|
Product development (1) |
|
|
3,106 |
|
|
|
3,942 |
|
|
|
9,573 |
|
|
|
12,202 |
|
General and administrative (1) |
|
|
2,673 |
|
|
|
2,249 |
|
|
|
7,492 |
|
|
|
7,412 |
|
Amortization of intangible assets from acquisitions |
|
|
151 |
|
|
|
531 |
|
|
|
452 |
|
|
|
1,593 |
|
Acquisition and disposition related costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12 |
|
Total operating expenses |
|
|
13,378 |
|
|
|
14,098 |
|
|
|
39,060 |
|
|
|
46,038 |
|
Loss from operations |
|
|
(825 |
) |
|
|
(1,320 |
) |
|
|
(2,860 |
) |
|
|
(8,522 |
) |
Interest income (expense) and other, net |
|
|
19 |
|
|
|
(218 |
) |
|
|
(90 |
) |
|
|
(192 |
) |
Loss before provision for income taxes |
|
|
(806 |
) |
|
|
(1,538 |
) |
|
|
(2,950 |
) |
|
|
(8,714 |
) |
Income tax expense |
|
|
25 |
|
|
|
9 |
|
|
|
87 |
|
|
|
53 |
|
Net loss applicable to common stockholders |
|
$ |
(831 |
) |
|
$ |
(1,547 |
) |
|
$ |
(3,037 |
) |
|
$ |
(8,767 |
) |
Basic and diluted net loss per Class A and Class B share applicable to common stockholders |
|
$ |
(0.02 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.21 |
) |
|
|
|
|
|
|
|
|
|
||||||||
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 |
|
|
38,539 |
|
|
|
38,103 |
|
|
|
38,445 |
|
|
|
37,927 |
|
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 |
|
|
43,200 |
|
|
|
42,764 |
|
|
|
43,106 |
|
|
|
42,588 |
|
(1) Includes stock-based compensation allocated as follows: |
|
|
|
|
|
|
|
|
||||||||
Service costs |
|
$ |
8 |
|
|
$ |
— |
|
|
$ |
14 |
|
|
$ |
— |
|
Sales and marketing |
|
|
41 |
|
|
|
89 |
|
|
|
217 |
|
|
|
580 |
|
Product development |
|
|
13 |
|
|
|
(39 |
) |
|
|
35 |
|
|
|
94 |
|
General and administrative |
|
|
349 |
|
|
|
357 |
|
|
|
1,015 |
|
|
|
1,233 |
|
Total |
|
$ |
411 |
|
|
$ |
407 |
|
|
$ |
1,281 |
|
|
$ |
1,907 |
|
MARCHEX, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands) (unaudited) |
||||||||
|
|
|
|
|
||||
|
|
September 30, |
|
December 31, |
||||
|
|
2024 |
|
2023 |
||||
Assets |
|
|
|
|
||||
Current assets: |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
12,078 |
|
|
$ |
14,607 |
|
Accounts receivable, net |
|
|
7,760 |
|
|
|
7,394 |
|
Prepaid expenses and other current assets |
|
|
1,971 |
|
|
|
1,805 |
|
Total current assets |
|
|
21,809 |
|
|
|
23,806 |
|
Property and equipment, net |
|
|
2,067 |
|
|
|
2,398 |
|
Other assets, net |
|
|
1,213 |
|
|
|
1,482 |
|
Right-of-use lease assets |
|
|
1,277 |
|
|
|
1,631 |
|
Goodwill |
|
|
17,558 |
|
|
|
17,558 |
|
Intangible assets from acquisitions, net |
|
|
151 |
|
|
|
602 |
|
Total assets |
|
$ |
44,075 |
|
|
$ |
47,477 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
||||
Current liabilities: |
|
|
|
|
||||
Accounts payable |
|
$ |
1,200 |
|
|
$ |
1,533 |
|
Accrued benefits and payroll |
|
|
2,641 |
|
|
|
3,294 |
|
Other accrued expenses and current liabilities |
|
|
3,465 |
|
|
|
3,217 |
|
Deferred revenue and deposits |
|
|
859 |
|
|
|
1,214 |
|
Operating lease liability, current |
|
|
499 |
|
|
|
462 |
|
Total current liabilities |
|
|
8,664 |
|
|
|
9,720 |
|
Deferred tax liabilities |
|
|
289 |
|
|
|
249 |
|
Finance lease liability, non-current |
|
|
170 |
|
|
|
421 |
|
Operating lease liability, non-current |
|
|
837 |
|
|
|
1,217 |
|
Total liabilities |
|
|
9,960 |
|
|
|
11,607 |
|
Stockholders’ equity: |
|
|
|
|
||||
Class A common stock |
|
|
49 |
|
|
|
49 |
|
Class B common stock |
|
|
390 |
|
|
|
386 |
|
Additional paid-in capital |
|
|
357,944 |
|
|
|
356,666 |
|
Accumulated deficit |
|
|
(324,268 |
) |
|
|
(321,231 |
) |
Total stockholders’ equity |
|
|
34,115 |
|
|
|
35,870 |
|
Total liabilities and stockholders’ equity |
|
$ |
44,075 |
|
|
$ |
47,477 |
|
MARCHEX, INC. AND SUBSIDIARIES (in thousands)
(unaudited)
Reconciliation of GAAP Net Loss to Adjusted EBITDA and Adjusted Operating Income (Loss) Before Amortization (OIBA) |
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|
|
|
|
|
|
|
||||||||||
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Net loss applicable to common stockholders |
|
$ |
(831 |
) |
|
$ |
(1,547 |
) |
|
$ |
(3,037 |
) |
|
$ |
(8,767 |
) |
Interest (income) expense and other, net |
|
|
(19 |
) |
|
|
218 |
|
|
|
90 |
|
|
|
192 |
|
Income tax expense |
|
|
25 |
|
|
|
9 |
|
|
|
87 |
|
|
|
53 |
|
Amortization of intangible assets from acquisitions |
|
|
151 |
|
|
|
531 |
|
|
|
452 |
|
|
|
1,593 |
|
Depreciation and amortization |
|
|
576 |
|
|
|
752 |
|
|
|
1,284 |
|
|
|
1,533 |
|
Stock-based compensation |
|
|
411 |
|
|
|
407 |
|
|
|
1,281 |
|
|
|
1,907 |
|
Acquisition and disposition-related costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12 |
|
Adjusted EBITDA |
|
$ |
313 |
|
|
$ |
370 |
|
|
$ |
157 |
|
|
$ |
(3,477 |
) |
Depreciation and amortization |
|
|
576 |
|
|
|
752 |
|
|
|
1,284 |
|
|
|
1,533 |
|
Adjusted OIBA |
|
$ |
(263 |
) |
|
$ |
(382 |
) |
|
$ |
(1,127 |
) |
|
$ |
(5,010 |
) |
MARCHEX, INC. AND SUBSIDIARIES (in thousands)
(unaudited)
Reconciliation of GAAP Net Loss per Share to Adjusted Non-GAAP Loss1 |
||||||||||||||||
|
|
|
|
|
||||||||||||
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Net loss applicable to common stockholders, diluted |
|
$ |
(0.02 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.21 |
) |
Stock-based compensation |
|
|
0.01 |
|
|
|
0.02 |
|
|
|
0.03 |
|
|
|
0.05 |
|
Acquisition and disposition-related costs |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Amortization of intangible assets from acquisitions |
|
|
- |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.04 |
|
Interest (income) expense and other, net |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Adjusted non-GAAP loss per share |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.12 |
) |
Shares used to calculate diluted net loss per share applicable to common stockholders (GAAP) and Adjusted Non-GAAP loss per share |
|
|
43,200 |
|
|
|
42,764 |
|
|
|
43,106 |
|
|
|
42,588 |
|
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/20241031918352/en/
For further information, contact:
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@marchex.com
Source: Marchex, Inc.
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