Marchex (MCHX) Tops Q4 EPS by 2c; offers outlook

Marchex (NASDAQ: MCHX) reported Q4 EPS of $0.00, $0.02 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $12.4 million versus the consensus estimate of $12.76 million.

OUTLOOK

Business Outlook

The following forward-looking statements reflect Marchex\'s expectations as of ​March 14, 2024​.

For the first quarter ending March 31, 2024:

Revenue is anticipated to be somewhat lower than fourth quarter 2023 levels.
Adjusted EBITDA is anticipated to be somewhat lower than the fourth quarter 2023 levels, with improvements sequentially throughout the year.

For the fiscal year 2024:

The company anticipates revenue growth for the full year with sequential revenue progress throughout the year.
The company anticipates that gross margins can increase by 5 percent or more by the end of 2024.
Adjusted EBITDA is anticipated to be at or above break-even for the full year.
The company anticipates 2024 year end cash balances to be at or near year end 2023 levels.

For earnings history and earnings-related data on Marchex (MCHX) click here.

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