Marchex Q4 2023 revenue $12.4M; net loss narrows to $1.1M; adjusted EBITDA turns positive

MARCHEX INC

Q4 GAAP revenue $12.4M (flat YoY); net loss $1.1M vs $3.6M loss in Q4 2022.
Full-year 2023 revenue $49.9M (down 4.4% YoY); net loss $9.9M vs $8.2M loss in 2022.
Adjusted EBITDA Q4 $0.1M positive vs -$1.7M in Q4 2022; full-year adjusted EBITDA -$3.4M incl. $1.6M restructuring.
CEO sees opportunity to build nine-figure business with AI product initiatives; cloud infrastructure completion by Q3 2024.
Conversation volumes down QoQ due to seasonality and macro headwinds; added 100+ auto dealers through direct/channel.

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 0.9

MARCHEX INC reported Full Year 2023 results: revenue $49.9 million, net income $-9.9 million, EPS $(0.23).

Period: Full Year 2023
Revenue: $49.9 million
Net income: $-9.9 million
EPS: $(0.23)
Result: reported results

Exact text from the filing

share, compared to a net loss of $8.2 million or $(0.19) per diluted share for 2022. Q4 2022 Q4 2023 FY 2022 FY 2023 GAAP Revenue $ 12.3 million $ 12.4 million $ 52.2 million $ 49.9 million Non-GAAP Results: Adjusted EBITDA $ (1.7) million $ 0.1 million $ (1.4) million $ (3.4) million * * Adjusted EBITDA for full year 2023 includes approximately $1,620,000 of

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Source: SEC EDGAR

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