MARCHEX INC
For the period ended Jun 30, 2024. Filed Aug 13, 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.
Jun 30, 2024 · Filed Aug 13, 2024
MCHX$1.40+7.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (unaudited)
(in thousands, except per share amounts)
| Six Months Ended June 30, | Three Months Ended June 30, | |||
|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | |
| Revenue | $24,738 | $23,646 | $12,522 | $12,074 |
| Expenses: | ||||
| Service costs (1)(3) | 10,842 | 8,566 | 5,418 | 4,152 |
| Sales and marketing (1)(3) | 6,601 | 5,529 | 2,631 | 2,742 |
| Product development (3) | 8,260 | 6,468 | 4,096 | 3,223 |
| General and administrative (3) | 5,163 | 4,817 | 2,546 | 2,528 |
| Amortization of intangible assets from acquisitions (2) | 1,062 | 301 | 531 | 151 |
| Acquisition and disposition related costs (benefits) | 12 | — | (1) | — |
| Total operating expenses | 31,940 | 25,681 | 15,221 | 12,796 |
| Loss from operations | (7,202) | (2,035) | (2,699) | (722) |
| Interest income (expense) and other, net | 26 | (109) | (31) | (31) |
| Loss before provision for income taxes | (7,176) | (2,144) | (2,730) | (753) |
| Income tax expense | 44 | 62 | 14 | 3 |
| Net loss applicable to common stockholders | $(7,220) | $(2,206) | $(2,744) | $(756) |
| Basic and diluted net loss per Class A and B share applicable to common stockholders | $(0.17) | $(0.05) | $(0.06) | $(0.02) |
| Shares used to calculate basic net loss per share applicable to common stockholders: | ||||
| Class A | 4,661 | 4,661 | 4,661 | 4,661 |
| Class B | 37,837 | 38,398 | 37,840 | 38,403 |
| Shares used to calculate diluted net loss per share applicable to common stockholders: | ||||
| Class A | 4,661 | 4,661 | 4,661 | 4,661 |
| Class B | 42,498 | 43,059 | 42,501 | 43,064 |
| (1) Excludes amortization of intangibles from acquisitions | ||||
| (2) Components of amortization of intangibles from acquisitions: | ||||
| Service costs | 234 | 234 | 117 | 117 |
| Sales and marketing | 828 | 67 | 414 | 34 |
| Total | $1,062 | $301 | $531 | $151 |
| (3) Components of related party support services fee recovery | ||||
| Service costs | 739 | 72 | 359 | 41 |
| Sales and marketing | 87 | — | 37 | — |
| Product development | 125 | — | 58 | — |
| General and administrative | 100 | 60 | 46 | 27 |
| Total | $1,051 | $132 | $500 | $68 |
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