Marchex Announces Fourth Quarter and Full Year 2022 Results

About this update from Marchex, Inc.

[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nMarchex, Inc. (NASDAQ: MCHX), the award-winning AI-powered conversation intelligence company that helps businesses turn strategic insights into the actions that drive their most valued sales outcomes, today announced its financial results for the fourth quarter and year ended December 31, 2022.\n\nQ4 2022 and Full Year 2022 Financial Highlights\n\n\nGAAP revenue was $12.3 million for the fourth quarter of 2022, compared to $12.8 million for the fourth quarter of 2021. GAAP revenue was $52.2 million for 2022, compared to $53.5 million for 2021.\n\n\n\nNet loss was $3.6 million for the fourth quarter of 2022 or $0.08 per diluted share, compared to a net loss of $2.0 million or $0.04 per diluted share for the fourth quarter of 2021. Net loss was $8.2 million for 2022 or $0.19 per diluted share, compared to a net loss of $4.4 million or $0.10 per diluted share for 2021.\n\n\n\n\n \n\n\n\n \n\n\n\nQ4 2021\n\n\n\n \n\n\n\nQ4 2022\n\n\n\n \n\n\n\nFY 2021\n\n\n\n \n\n\n\nFY 2022\n\n\n\n\n\nGAAP Revenue\n\n\n\n \n\n\n\n$\n\n\n\n12.8\n\n\n\n \n\n\n\n \n\n\n\nmillion\n\n\n\n \n\n\n\n$\n\n\n\n12.3\n\n\n\n \n\n\n\n \n\n\n\nmillion\n\n\n\n \n\n\n\n$\n\n\n\n53.5\n\n\n\n \n\n\n\n \n\n\n\nmillion\n\n\n\n \n\n\n\n$\n\n\n\n52.5\n\n\n\n \n\n\n\n \n\n\n\nmillion\n\n\n\n\n\nNon-GAAP Results:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n \n\n\n\n$\n\n\n\n60,000\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(1.7\n\n\n\n)\n\n\n\n \n\n\n\nmillion\n\n\n\n \n\n\n\n$\n\n\n\n(3.5\n\n\n\n)\n\n\n\n \n\n\n\nmillion\n\n\n\n \n\n\n\n$\n\n\n\n(1.4\n\n\n\n)\n\n\n\n \n\n\n\nmillion\n\n\n\n\n\nAdjusted non-GAAP income (loss) per share for the fourth quarter of 2022 was ($0.05) compared to ($0.01) for the fourth quarter of 2021. Adjusted non-GAAP income (loss) per share for 2022 was ($0.08) compared to ($0.12) for 2021.\n\n\nFourth Quarter Summary:\n\n\nNew Customer Traction and Existing Customer Expansion. During the fourth quarter of 2022, Marchex signed a long-term, multi-year extension with a large auto OEM partner. Under the parameters of the arrangement, there is significant growth potential over time. In addition, the company...

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