MARCHEX INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
MCHX$1.40+7.7%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, and 2023
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| (In Thousands, Except Per Share Amounts) | 2022 | 2023 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $20,474 | $14,607 |
| Accounts receivable, net | 8,396 | 7,394 |
| Prepaid expenses and other current assets | 2,015 | 1,805 |
| Total current assets | 30,885 | 23,806 |
| Property and equipment, net | 4,050 | 2,398 |
| Other assets, net | 973 | 1,482 |
| Right-of-use lease asset | 738 | 1,631 |
| Goodwill | 17,558 | 17,558 |
| Intangible assets from acquisitions, net | 2,590 | 602 |
| Total assets | $56,794 | $47,477 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,037 | $1,533 |
| Accrued benefits and payroll | 3,566 | 3,294 |
| Other accrued expenses and current liabilities | 3,825 | 3,217 |
| Deferred revenue and deposits | 1,384 | 1,214 |
| Lease liability current | 1,252 | 462 |
| Total current liabilities | 12,064 | 9,720 |
| Deferred tax liabilities | 233 | 249 |
| Finance lease, non-current | — | 421 |
| Lease liability, non-current | 385 | 1,217 |
| Total liabilities | $12,682 | $11,607 |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value. Authorized 137,500 shares | ||
| Class A: 12,500 shares authorized; 4,661 shares issued and outstanding at December 31, 2022 and 2023 | 49 | 49 |
| Class B: 125,000 shares authorized; 38,497 shares issued and outstanding at December 31, 2022, including 1,105 shares of restricted stock; and 38,662 shares issued and outstanding at December 31, 2023, including 720 shares of restricted stock | 385 | 386 |
| Additional paid-in capital | 354,999 | 356,666 |
| Accumulated deficit | (311,321) | (321,231) |
| Total stockholders’ equity | 44,112 | 35,870 |
| Total liabilities and stockholders’ equity | $56,794 | $47,477 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.