Marchex Announces Third Quarter 2016 Results

Marchex, Inc. (NASDAQ:MCHX), a leading mobile advertising analytics company, today announced its financial results for the third quarter ended September 30, 2016.

Q3 2016 Financial Highlights
  • GAAP revenue was $30.7 million for the third quarter of 2016, compared to $36.9 million for the third quarter of 2015.
  • GAAP net loss from continuing operations was $5.9 million for the third quarter of 2016 or $0.14 per diluted share. For the third quarter of 2015, GAAP net loss from continuing operations was $191,000 or $0.00 per diluted share.
         
    Q3 2015   Q3 2016
GAAP Revenue   $36.9 million   $30.7 million
Call-Driven Revenue 1   $36.1 million   $30.7 million

Non-GAAP Results 2 :
       
Enterprise Revenue 3   $26.0 million   $24.0 million
Call-Driven Adjusted OIBA   $2.2 million   ($3.7) million
Call-Driven Adjusted EBITDA   $3.1 million   ($2.9) million
         
Cash Balance  

$109 million
  $105 million
   
  • Adjusted non-GAAP earnings (loss) per share 2 from continuing operations for the third quarter of 2016 was ($0.06), compared to $0.04 for the third quarter of 2015.
  • During the third quarter of 2016, YP contributed $6.7 million in Call-Driven Revenue, compared to $10.1 million in the third quarter 2015.

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