Marchex, Inc. Class B - MCHX STOCK NEWS

Marchex (NASDAQ: MCHX), an AI-powered conversation intelligence company, announced its participation in the 35th Annual Roth Conference. The event will take place on March 13-14, 2023, at The Ritz Carlton, Laguna Niguel. During the conference, Marchex's management team will engage in one-on-one discussions to showcase their award-winning sales engagement and marketing solutions. These offerings help businesses leverage strategic insights to enhance sales outcomes. Marchex is recognized as a trusted partner for major brands across various industries, providing multichannel voice and text capabilities that meet modern customer expectations.

Marchex (NASDAQ: MCHX) announced its financial results for Q4 and the full year ended December 31, 2022. Q4 revenue was $12.3 million, down from $12.8 million in Q4 2021, while annual revenue reached $52.2 million, a decline from $53.5 million in 2021. The net loss for Q4 2022 was $3.6 million ($0.08 per diluted share), compared to a loss of $2.0 million in Q4 2021. For 2022, the company reported a net loss of $8.2 million ($0.19 per diluted share), increasing from a loss of $4.4 million in 2021. Despite challenges with conversation volumes due to macroeconomic factors, Marchex anticipates growth in customer relationships and product innovation in 2023.

Marchex (NASDAQ:MCHX), a leading AI-powered conversation intelligence company, will release its fourth quarter financial results for the period ended December 31, 2022, on February 28, 2023, at approximately 4:20 p.m. ET. Following the release, the management will hold a conference call at 5:00 p.m. ET to discuss the results and future outlook. A live webcast will be available on their Investors section and will be archived two hours post-call. Marchex's cutting-edge platform enhances sales engagement and marketing solutions, delivering meaningful insights for businesses. For further information, visit www.marchex.com.

Marchex (NASDAQ: MCHX) has announced the appointment of Edwin Miller as CEO and Ryan Polley as President, enhancing its leadership team. Miller, previously an operating executive at Gemspring Capital, has a proven track record, having nearly quadrupled revenue at Astreya during his tenure. His expertise in technology and business analytics is expected to strengthen Marchex's position in Conversational Analytics. Polley, who continues as COO, will expand the company’s AI capabilities. The leadership changes come at a pivotal time for Marchex, aiming for growth and innovation in the market.

Marchex (NASDAQ: MCHX) has announced the addition of over 300 automotive dealers to its Conversation Intelligence platform within the last year. This growth is attributed to direct dealer sign-ups and partnerships within the automotive sector. Additionally, Marchex secured a long-term extension with a major OEM customer, which is expected to deepen integrations and enhance engagement with dealerships. The company aims to improve sales outcomes through AI-driven solutions that provide actionable insights in the automotive sales process, addressing shifts in consumer behavior during the car-buying experience.

Marchex reported its Q3 2022 financials, showing GAAP revenue of $13.2 million, down from $13.7 million in Q3 2021. The net loss was $1.6 million or $0.04 per share, contrasting with a net income of $3.3 million or $0.07 per share in the same quarter last year. Despite a decline in overall conversation volumes due to macroeconomic pressures, the company saw new enterprise customer traction and maintained profitability metrics at break-even Adjusted EBITDA levels. Marchex also received the 2022 APPEALIE SaaS Customer Success Award for innovation in customer service.

Marchex (NASDAQ:MCHX), an AI-powered conversation intelligence company, will release its third-quarter financial results for the period ending September 30, 2022, on November 3, 2022, at approximately 4:20 p.m. ET. Following this, a conference call will be held at 5:00 p.m. ET the same day to discuss the results. Investors can access the live webcast on the Marchex Investors website, with an archived version available two hours post-call. For more information, visit Marchex.

Marchex (NASDAQ: MCHX) has released a study analyzing over 60,000 consumer-to-dealer phone conversations concerning car-buying behavior. The study reveals that 16% of callers fail to connect with sales representatives, while 90% inquire about vehicle availability. However, 60% do not receive clear answers. Additionally, 40% of calls lead to breaches of trust due to perceived dismissiveness. The report emphasizes the need for improved communication from both dealers and manufacturers to enhance customer experiences and address the evolving car-buying process.