Marchex Q3 revenue $12.8M, down 3% YoY; adjusted EBITDA turns positive to $370K

MARCHEX INC

2023-Q3 EPS reported -$0.21 revenue$37,516,000

GAAP revenue $12.8M vs $13.2M YoY; net loss $1.5M ($0.04/diluted share) vs $1.6M ($0.04).
Adjusted EBITDA positive at $370K (includes $300K reorganization costs) vs breakeven in Q3 2022.
Conversation volumes modestly improved QoQ but down YoY due to customer churn and macro pressure.
Hired Holly Aglio as CFO; launched Generative AI-powered Call Summary and Sentiment Suite.
CEO reports profitability on adjusted EBITDA basis achieved earlier than expected in 2023.

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 0.95

MARCHEX INC reported third quarter ended September 30, 2023 results: revenue $12.8 million, net income net loss of $1.5 million, EPS $0.04 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $12.8 million
Net income: net loss of $1.5 million
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

drive their most valued sales outcomes , today announced its financial results for the third quarter ended September 30, 2023. Q3 2023 Financial Highlights • GAAP revenue was $12.8 million for the third quarter of 2023 compared to $13.2 million for the third quarter of 2022. • Net loss was $1.5 million for the third quarter of 2023 or $0.04 per diluted share

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MARCHEX INC filing history →

Source: SEC EDGAR

accession 0000950170-23-061145

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