Marchex (NASDAQ:MCHX) Releases Quarterly Earnings Report

Marchex (NASDAQ:MCHX) announced its earnings results on Thursday. The technology company reported earnings of ($0.04) per share for the quarter, which fell short of analysts' expectations that were set at ($0.02). This means they missed the consensus estimate by $0.02. Additionally, Marchex reported a negative net margin of 8.60% and a negative return on equity of 10.76%. Following these results, Marchex updated its guidance for Q1 2025 regarding earnings per share.

Marchex Stock Performance

During mid-day trading on Thursday, shares of Marchex saw a slight increase of 0.3%, rising by $0.01 to reach $1.96. The trading volume for the day was 51,452 shares, which is higher than the average trading volume of 46,331 shares. Currently, the company has a 50-day moving average of $1.96 and a 200-day moving average of $1.89. The stock has experienced a range within the past year, with a low of $1.11 and a high of $2.40. Marchex has a market capitalization of $85.62 million, and its price-to-earnings ratio stands at -21.78, with a beta of 1.92.

Analysts' Outlook on Marchex

In other news, StockNews.com has begun coverage on Marchex. In their latest report, they have assigned a "hold" rating to the company, indicating a cautious approach to the stock's potential for growth.

Overview of Marchex

Marchex, Inc. is a company specializing in conversation intelligence, providing conversational analytics and related solutions in countries like the United States and Canada. Its diverse product offerings include:

• Marketing Edge: This tool helps identify the marketing campaigns and channels that generate inbound conversations, assesses what occurs during these discussions, and links successful conversions back to the marketing-driven leads.
• Sonar Business Text Messaging: An AI-driven mobile messaging solution that allows teams to communicate effectively with clients and field staff.
• Marchex Platform Services: A comprehensive API-based solution that enables various teams to leverage Marchex's AI for actionable insights from customer conversations.
• Spotlight: An AI conversation analytics tool tailored for multi-location businesses.
• Engage: A platform designed to enhance performance at various locations through specialized applications.

Earnings, Marchex, NASDAQ