Marchex ( (MCHX) ) has released its Q1 earnings. Here is a breakdown of the information Marchex presented to its investors.
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Marchex, Inc. is a company specializing in AI-powered conversational intelligence and prescriptive analytics, primarily serving the SaaS sector. It provides solutions that help businesses optimize customer interactions across various communication channels.
In its first quarter of 2025, Marchex reported a slight decrease in revenue to $11.4 million compared to the previous year, alongside a net loss of $2.0 million. Despite these figures, the company has made significant strides in its transformation into a leading AI-driven SaaS analytics provider, marking key milestones in its strategic evolution.
Key financial metrics for the quarter include a GAAP revenue of $11.4 million and an adjusted EBITDA loss of $0.8 million. The company has also announced a new share repurchase program, authorizing the repurchase of up to 3 million shares of its Class B common stock. Additionally, Marchex is expanding its product offerings and customer reach through strategic partnerships, including its presence in the Microsoft Azure Marketplace.
Looking forward, Marchex aims to achieve a $50 million annual revenue run rate and improve its gross profit margins. The company is focused on leveraging its AI capabilities and expanding its market presence to drive sustainable growth, despite the challenges posed by the current macroeconomic environment.