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Marchex Reports Second Quarter 2012 Financial Results

Marchex, Inc. (NASDAQ:MCHX) today reported its results for the quarter ended June 30, 2012.

Second Quarter 2012 Consolidated Financial Results:

  • Revenue was $34.0 million for the second quarter of 2012, compared to $38.8 million for the same period of 2011.
  • GAAP net income applicable to common stockholders was $330,000 for the second quarter of 2012 or $0.01 per diluted share. This compares to GAAP net income applicable to common stockholders of $80,000 or $0.00 per diluted share for the same period of 2011. The second quarter 2012 results included non-cash stock-based compensation expense of $4.8 million, compared to non-cash stock-based compensation expense of $3.9 million for the same period in 2011.
  • We provide a reconciliation of GAAP diluted EPS to Adjusted Non-GAAP EPS in the financial tables attached to this press release and we encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures. Adjusted non-GAAP EPS for second quarter 2012 was $0.06, compared to $0.08 for the same period in 2011.
  • Adjusted operating income before amortization was $3.7 million for the second quarter of 2012, compared to $5.0 million for the same period of 2011. A reconciliation of non-GAAP adjusted operating income before amortization to GAAP operating income is included in the financial tables attached to this release.
  • Adjusted EBITDA was $4.6 million in the second quarter of 2012, compared to $6.0 million for the same period of 2011. A reconciliation of adjusted EBITDA to GAAP net cash provided by operating activities is included in the financial tables attached to this release.

“During the second quarter, Marchex continued to make strides with our mobile and call advertising products,” said Russell C. Horowitz, Marchex Chairman and CEO. “We are adding new advertisers and increasingly penetrating existing relationships as advertisers initially adopt mobile and call advertising. Marchex is well positioned to capitalize on the shift of dollars to mobile as this market evolves.”

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