MARCHEX INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
MCHX$1.32+3.9%Stored close · as of Nov 6, 2026
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Condensed Consolidated Statements of Operations (unaudited)
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2023 | 2024 | |
| Revenue | $12,216 | $11,573 |
| Expenses: | ||
| Service costs (1)(3) | 5,424 | 4,414 |
| Sales and marketing (1)(3) | 3,970 | 2,787 |
| Product development (3) | 4,164 | 3,245 |
| General and administrative (1)(3) | 2,617 | 2,289 |
| Amortization of intangible assets from acquisitions (2) | 531 | 151 |
| Acquisition and disposition related benefits | 13 | — |
| Total operating expenses | 16,719 | 12,886 |
| Loss from operations | (4,503) | (1,313) |
| Interest income (expense) and other, net | 57 | (78) |
| Loss before provision for income taxes | (4,446) | (1,391) |
| Income tax expense | (30) | (59) |
| Net loss applicable to common stockholders | $(4,476) | $(1,450) |
| Basic and diluted net loss per Class A and B share applicable to common stockholders | $(0.11) | $(0.03) |
| Shares used to calculate basic net loss per share applicable to common stockholders: | ||
| Class A | 4,661 | 4,661 |
| Class B | 37,835 | 38,393 |
| Shares used to calculate diluted net loss per share applicable to common stockholders: | ||
| Class A | 4,661 | 4,661 |
| Class B | 42,496 | 43,054 |
| (1) Excludes amortization of intangibles from acquisitions | ||
| (2) Components of amortization of intangibles from acquisitions: | ||
| Service costs | 117 | 117 |
| Sales and marketing | 414 | 34 |
| Total | $531 | $151 |
| (3) Components of related party support services fee recovery | ||
| Service costs | 380 | 31 |
| Sales and marketing | 50 | — |
| Product development | 67 | — |
| General and administrative | 54 | 33 |
| Total | $551 | $64 |
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