Marchex, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 04:16 pm EDT
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Marchex, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 13.2 million compared to USD 13.7 million a year ago. Net loss was USD 1.56 million compared to net income of USD 3.31 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 39.88 million compared to USD 40.69 million a year ago. Net loss was USD 4.67 million compared to USD 2.36 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.05 a year ago.
Marchex, Inc. provides conversation intelligence platform. The Company provides conversational intelligence artificial intelligence (AI)-powered solutions. The Companyâs product offerings include Marketing Edge, Sonar Business Text Messaging, Marchex Platform Services, Spotlight and Engage. Marketing Edge leverages conversational intelligence with generative AI to form a comprehensive marketing attribution and conversation data solution. Sonar Business Text Messaging is an AI empowered, intelligent workflow enabled mobile messaging solution that enables operations, sales and marketing teams to communicate personally with field staff, prospects and customers. Marchex Platform Services is an API-based, conversation intelligence product that allows executives, sales, customer engagement and marketing teams to apply Marchex AI to any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers.