Marchex, Inc. Class B - MCHX STOCK NEWS

Marchex, a leader in conversational analytics, has announced its participation in the 2021 Roth Annual Investor Conference on March 16-17. The management team will hold one-on-one sessions during the event. Marchex offers solutions that enhance customer engagement through voice interactions, helping businesses convert calls into loyal customers. Their insights maximize marketing investments and improve operational efficiency. For more information, visit www.marchex.com.

Marchex, Inc. (NASDAQ: MCHX) reported its Q4 and full-year 2020 financial results, revealing a GAAP revenue decline to $12.7 million in Q4 2020 from $13.4 million in Q4 2019. Full-year revenue also decreased to $51.2 million from $54.5 million. The net loss for Q4 2020 was $5.4 million ($0.12 per share), a significant increase from a $0.4 million loss in Q4 2019. Total net loss for 2020 reached $38.4 million compared to $4.0 million in 2019. Marchex's recent launch of Marchex Marketing Edge aims to boost customer engagement and data-driven marketing decisions.

Marchex (NASDAQ:MCHX) will release its financial results for Q4 and the year ending December 31, 2020, on March 2, 2021, at approximately 4:20 p.m. ET. Following this, a conference call will be held at 5:00 p.m. ET to discuss the results and future outlook. A live webcast will be available on the company's website, with an archived version accessible two hours post-call. Marchex delivers conversational analytics solutions that bridge customer interactions and business performance, aiming to enhance marketing investments and operational efficiency.

Marchex (NASDAQ: MCHX) has published a study revealing that potential car buyers in the U.S. are well-informed and ready to purchase shortly after contacting dealerships. Key findings show that 75% are prepared to buy within three weeks, while 91% prioritize trust in their choice of dealership. The study, involving 1,700 consumers and over 228,000 sales-related conversations, indicates a shift in consumer behavior due to the pandemic, with more research done online and a preference for transparent pricing. Dealerships must adapt their sales approach to meet these evolving consumer needs.

Marchex, Inc. (NASDAQ: MCHX), a leader in conversational analytics, will participate in the 23rd Annual Needham Growth Conference on January 13th, offering 1x1 presentations. The company specializes in enhancing customer engagement through voice solutions, helping businesses convert callers into loyal customers. Marchex's services enable companies to maximize marketing investments and improve operational efficiencies. For more information, visit www.marchex.com.

Marchex (MCHX) has launched Marchex Marketing Edge, a new solution that connects revenue-generating conversations to specific marketing campaigns. This innovative tool captures conversational data across multiple channels, leveraging AI-powered conversation intelligence to boost sales outcomes. By accurately attributing calls and messages, it aims to enhance Return on Ad Spend (ROAS) and improve e-commerce conversion rates. With features like real-time alerts for lost sales prospects, Marketing Edge empowers sales teams to engage opportunities before they are lost to competitors.

Marchex, a conversational analytics company, reported third-quarter 2020 revenue of $26.5 million, up from $24.8 million in Q3 2019. Core analytics revenue was $12.9 million, a slight decrease from $13.5 million year-over-year. The company posted a net loss of $3.7 million or $0.08 per diluted share, compared to a loss of $1.2 million in Q3 2019. Marchex completed a tender offer for 10 million shares and divested several non-core assets. The outlook remains uncertain with expectations for lower revenue in Q4 due to seasonality but potential for double-digit growth in 2021.

Marchex (NASDAQ: MCHX) announced the results of a joint tender offer with Edenbrook Capital for up to 10 million shares of its Class B common stock at $2.15 per share. The offer, which expired on October 7, 2020, was oversubscribed with 10,552,160 shares tendered. Marchex will accept 5 million shares for a total price of approximately $10.8 million. This acquisition represents about 25% of its Class B stock. Post-transaction, Marchex will have roughly 34.9 million shares outstanding.