Marchex Q2 2024 revenue $12.1M, net loss improves to $0.8M; adjusted EBITDA positive $0.3M

MARCHEX INC

2024-Q2 EPS reported -$0.05 revenue$23,646,000

GAAP revenue $12.1M vs $12.5M YoY; net loss $(0.8M) or $(0.02)/diluted share vs $(2.7M) or $(0.06) in Q2 2023.
Adjusted EBITDA turned positive at $0.3M from $(1.0M) YoY; adjusted non-GAAP loss per share $(0.01) vs $(0.03).
New customer traction in Auto/Auto Services verticals; expanded existing relationships in Home Services.
Conversation volumes increased sequentially from Q1 2024 levels; product won two industry awards.
CEO says company on target with margin and profitability goals for the year, building foundation for growth.

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