Marchex Q2 revenue falls 7.4% YoY to $12.5M; net loss widens to $2.7M

MARCHEX INC

2023-Q2 EPS reported -$0.17 revenue$24,738,000

GAAP revenue $12.5M vs $13.5M in Q2 2022; net loss $2.7M ($0.06/diluted share) vs $1.5M loss.
Adjusted EBITDA loss $1.0M, including ~$500K reorganization costs; prior-year positive $167K.
Conversation volumes down YoY due to customer churn and macro pressures; auto vertical showed QoQ improvement.
CEO expects reorganizing to achieve profitability earlier than previously anticipated.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

MARCHEX INC reported the second quarter ended June 30, 2023 results: revenue $12.5 million, net income Net loss was $2.7 million, EPS $0.06 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $12.5 million
Net income: Net loss was $2.7 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

Marchex Announces Second Quarter 2023 Results SEATTLE – August 3, 2023 – Marchex, Inc . (NASDAQ: MCHX), the award-winning AI-powered conversation intelligence company that helps businesses turn strategic insights into the actions that drive their most valued sales outcomes , today announced its financial results for the second quarter ended June 30, 2023. Q2 2023 Financial Highlights • GAAP revenue was $12.5 million for the second quarter of 2023 compared to $13.5 million for the second quarter of 2022. • Net loss was $2.7 million for the second quarter of 2023 or $0.06 per diluted share compared to a net loss of $1.5 million or $0.03 per diluted share for the second quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-038008

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