secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001564590-23-002739
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex Q4 revenue $12.3M, net loss $0.08/share; full-year revenue $52.2M, net loss $0.19/share
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- GAAP revenue $12.3M in Q4 2022, down from $12.8M in Q4 2021; full-year revenue $52.2M vs $53.5M.
- Net loss $3.6M ($0.08 per diluted share) vs $2.0M ($0.04) in Q4 2021; full-year net loss $8.2M ($0.19) vs $4.4M ($0.10).
- Adjusted EBITDA negative $1.7M in Q4 vs positive $60K in prior year; full-year negative $1.4M.
- Signed multi-year extension with large auto OEM partner; added 300+ auto dealers over last 12 months.
- New CEO Edwin Miller targets growth to $100M+ annual revenue; expects accelerating double-digit growth in largest vertical.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023002739/0001564590-23-002739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023002739/mchx-8k_20230228.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-002739

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer