Marchex Q1 revenue $11.6M (-5% YoY); net loss narrows to $1.5M

MARCHEX INC

2024-Q1 EPS reported -$0.03 revenue$11,573,000

GAAP revenue $11.6M vs $12.2M Q1 2023; net loss improved to $1.5M ($0.03 per share) from $4.5M.
Adjusted EBITDA loss narrowed to $0.4M from $2.8M; non-GAAP loss per share ($0.02) vs ($0.08).
Signed new relationship with US Auto OEM channel partner; expanded multi-year deal with large home services customer.
Launched Sentiment Suite AI product after Fortune 500 early adopter program.
Conversation volumes down modestly from Q4 2023 due to macro pressures on customers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARCHEX INC reported first quarter ended March 31, 2024 results: revenue $11.6 million, net income $1.5 million, EPS $0.03 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $11.6 million
Net income: $1.5 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

excellence and revenue acceleration, today announced its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial Highlights • GAAP revenue was $11.6 million for the first quarter of 2024, compared to $12.2 million for the first quarter of 2023. • Net loss was $1.5 million for the first quarter of 2024 or $0.03 per diluted share,

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Source: SEC EDGAR

accession 0000950170-24-054547

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