Marchex Q1 revenue $12.2M (-7.6% YoY); net loss widens to $4.5M

MARCHEX INC

2023-Q1 EPS reported -$0.11 revenue$12,216,000

GAAP revenue $12.2M vs $13.2M in Q1 2022; net loss $4.5M ($0.11/share) vs $1.6M loss ($0.04) prior year.
Adjusted EBITDA loss $2.8M (incl. $800K reorg) vs positive $151K in Q1 2022; adj. loss per share $0.08 vs $0.01.
Signed multi-year extensions with existing and new auto brand customers; also extended small business listing provider.
Launched Spotlight for Automotive product to analyze failed calls and measure location-level performance.
Conversation volumes declined YoY due to inflation, customer churn, and macroeconomic pressures.

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 1.0

MARCHEX INC reported the first quarter ended March 31, 2023 results: revenue $12.2 million, net income $4.5 million, EPS $0.11 per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $12.2 million
Net income: $4.5 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

GAAP revenue was $12.2 million for the first quarter of 2023 compared to $13.2 million for the first quarter of 2022. • Net loss was $4.5 million for the first quarter of 2023 or $0.11 per diluted share compared to a net loss of $1.6 million or $0.04 per diluted share for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001564590-23-007006

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