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Marchex (MCHX)
NASDAQ:MCHX
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
$0Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 8.15%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and challenges. Marchex is making significant strides in AI-driven product innovation and infrastructure improvements with the OneStack initiative, leading to increased revenue and reduced losses. However, challenges remain with declining small business reseller revenue and anticipated Q4 2024 financial pressures due to seasonal effects and infrastructure costs.Company Guidance
During the Marchex Q3 2024 earnings call, the company provided guidance on several key metrics and strategic initiatives. For the third quarter, Marchex reported revenue of $12.6 million, a slight decrease from $12.8 million in the same quarter last year, but an increase from $12.1 million in the second quarter of 2024. Operating expenses for the quarter, excluding certain costs, totaled $12.8 million, down from $13.2 million in the previous year. Adjusted EBITDA was approximately $300,000, consistent with the previous year's $400,000. The company ended the quarter with $12.1 million in cash. Looking ahead to Q4 2024, Marchex anticipates revenue of around $12 million, reflecting seasonal call volume declines, and an adjusted EBITDA loss of $400,000 due to the timing of expenses related to the OneStack initiative. For 2025, the company expects higher revenue and improved gross margins compared to 2024, with sequential growth anticipated throughout the year.AI-Driven Product Innovation
Marchex is developing new AI-driven features and enhancements, including AI vertical-specific solutions launched in Q4 2024, aimed at improving return on ad spend and increasing sales growth for automotive, home services, medical, dental, and automotive services verticals.
Progress on OneStack Initiative
Marchex made meaningful progress on OneStack, a centralized platform in the cloud, expected to improve scalability, streamline go-to-market processes, and enhance customer onboarding and support.
Revenue Growth and Customer Wins
Q3 2024 revenue increased to $12.6 million from $12.1 million in Q2 2024, driven by improved conversation volumes and new customer wins in the auto, auto services, and home services verticals.
Reduced Net Loss and Positive Outlook
GAAP net loss reduced from $1.5 million in Q3 2023 to $800,000 in Q3 2024. Non-GAAP loss remained steady at $0.01 per share. Marchex anticipates revenue growth in 2025 with improvements in gross margins and adjusted EBITDA.
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MCHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $1.84 | $1.76 | -4.35% |
| Aug 08, 2024 | $1.87 | $1.82 | -2.67% |
| May 07, 2024 | $1.34 | $1.37 | +2.24% |
| Mar 14, 2024 | $1.30 | $1.30 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marchex (MCHX) report earnings?
Marchex (MCHX) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Marchex (MCHX) earnings time?
Marchex (MCHX) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCHX EPS forecast?
MCHX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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