Successful Transformation into SaaS-Based Prescriptive Analytics Provider
Marchex has completed its two-year strategic transformation into a SaaS-based prescriptive analytics provider powered by AI and proprietary first-party conversational data.
OneStack Platform Unification
The unification of Marchex's technology stack into the OneStack platform has centralized data and improved gross margins by approximately 8% compared to Q1 2023.
Launch of AI-Driven Products
New AI-powered products like 'Engage for Sales' and 'Engage for Service' have been launched, targeting new multimillion-dollar opportunities in the auto industry.
Expansion into Microsoft Marketplace
Marchex has expanded its reach by launching its first product in the Microsoft Marketplace, allowing global access via Azure.
Financial Guidance for 2025
The company anticipates achieving over $12.5 million in quarterly revenue by the end of 2025, with an annualized revenue run rate of $50 million or better.
New Share Repurchase Program
Marchex announced a new share repurchase program, reflecting confidence in its financial position and future growth.