New insider activity at Marchex ( (MCHX) ) has taken place on March 28, 2025.
Edenbrook Capital, LLC, a significant shareholder, has made a notable investment by purchasing 102,475 shares of Marchex stock, valued at $176,952.
Recent Updates on MCHX stock
In the last 24 hours, Marchex (MCHX) has released its Q4 2024 earnings report, revealing a mixed financial performance. The company reported a slight revenue decline to $11.9 million from $12.4 million in the previous year, attributed to seasonal declines and challenges in certain customer segments. Operating costs increased due to infrastructure investments, leading to a negative adjusted EBITDA of $386,000 and a GAAP net loss of $1.9 million. Despite these challenges, Marchex completed its OneStack initiative, enhancing its cloud-based architecture, and expanded its AI product offerings, including a partnership with Microsoft. These strategic moves are expected to drive future growth. The company provided optimistic guidance for 2025, anticipating revenue growth and improved gross margins, with a focus on sales force expansion and new product innovations. Marchex aims to leverage its strategic initiatives to become a leading conversational intelligence platform.
More about Marchex
YTD Price Performance: -9.63%
Average Trading Volume: 45,316
Technical Sentiment Signal: Buy
Current Market Cap: $77.37M