Marchex, Inc. (MCHX) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
520 PIKE STREET SEATTLE, WA 98101 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,474 | 27,086 | 33,851 | 42,526 | 45,230 | 104,190 | |||
| Cash and cash equivalents | 20,474 | 27,086 | 33,851 | 42,526 | 45,230 | 104,190 | |||
| Receivables | 8,396 | 8,021 | 6,331 | 17,809 | 16,198 | 14,860 | |||
| Other undisclosed current assets | 2,015 | 2,407 | 2,160 | 2,084 | 2,657 | 2,041 | |||
| Total current assets: | 30,885 | 37,514 | 42,342 | 62,419 | 64,085 | 121,091 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 738 | 2,238 | 3,744 | 5,801 | ✕ | ✕ | |||
| Property, plant and equipment | 4,050 | 2,817 | 2,747 | 3,028 | 2,921 | 2,405 | |||
| Intangible assets, net (including goodwill) | 20,148 | 22,272 | 26,754 | 52,918 | 45,139 | ||||
| Goodwill | 17,558 | 17,558 | 17,558 | 33,433 | 24,442 | ||||
| Intangible assets, net (excluding goodwill) | 2,590 | 4,714 | 9,196 | 19,485 | 20,697 | ||||
| Other noncurrent assets | 973 | 986 | 1,345 | 335 | 917 | 326 | |||
| Total noncurrent assets: | 25,909 | 28,313 | 34,590 | 62,082 | 48,977 | 2,731 | |||
| TOTAL ASSETS: | 56,794 | 65,827 | 76,932 | 124,501 | 113,062 | 123,822 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,428 | 8,863 | 12,609 | 13,761 | 11,775 | 32,420 | |||
| Interest and dividends payable | ✕ | ✕ | 21,907 | ||||||
| Employee-related liabilities | ✕ | ✕ | 3,631 | 5,975 | |||||
| Accounts payable | 2,037 | 1,363 | 2,424 | 7,082 | 5,968 | 4,928 | |||
| Accrued liabilities | 7,391 | 3,869 | 4,210 | 6,679 | 5,807 | 5,585 | |||
| Deferred revenue | 1,384 | 2,016 | 1,393 | 1,173 | ✕ | ✕ | |||
| Debt | 5,123 | 1,500 | |||||||
| Business combination, contingent consideration, liability | 1,111 | 1,215 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 313 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1,782 | ✕ | ||
| Other undisclosed current liabilities | 1,252 | 1,794 | 1,827 | ||||||
| Total current liabilities: | 12,064 | 12,673 | 20,952 | 17,545 | 14,772 | 32,733 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,466 | 3,136 | 5,664 | ||||||
| Finance lease, liability | ✕ | ✕ | |||||||
| Liabilities, other than long-term debt | 618 | 186 | 156 | 473 | 1,733 | 1,090 | |||
| Deferred income tax liabilities | 233 | 186 | 156 | ✕ | ✕ | ||||
| Other liabilities | 1,287 | 1,090 | |||||||
| Operating lease, liability | 385 | 1,466 | 3,136 | 5,664 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 473 | 446 | |||||||
| Other undisclosed noncurrent liabilities | 981 | 1,531 | |||||||
| Total noncurrent liabilities: | 618 | 1,652 | 3,292 | 7,118 | 3,264 | 1,090 | |||
| Total liabilities: | 12,682 | 14,325 | 24,244 | 24,663 | 18,036 | 33,823 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 44,112 | 51,502 | 52,688 | 99,838 | 95,026 | 89,999 | |||
| Additional paid in capital | 354,999 | 354,155 | 350,960 | 359,633 | 350,801 | 343,268 | |||
| Accumulated deficit | (311,321) | (303,076) | (298,686) | (260,240) | (256,198) | (253,709) | |||
| Other undisclosed equity, attributable to parent | 434 | 423 | 414 | 445 | 423 | 440 | |||
| Total equity: | 44,112 | 51,502 | 52,688 | 99,838 | 95,026 | 89,999 | |||
| TOTAL LIABILITIES AND EQUITY: | 56,794 | 65,827 | 76,932 | 124,501 | 113,062 | 123,822 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 52,170 | 53,476 | 51,218 | 106,132 | 85,251 | 90,291 | ||
| Cost of revenue | (22,660) | (26,317) | (20,888) | (62,353) | (48,585) | (49,339) | ||
| Cost of goods and services sold | (20,462) | (21,694) | (20,888) | (56,537) | (47,804) | (49,339) | ||
| Gross profit: | 29,510 | 27,159 | 30,330 | 43,779 | 36,666 | 40,952 | ||
| Operating expenses | (37,659) | (38,955) | (70,100) | (50,294) | (40,554) | (47,313) | ||
| Other undisclosed operating income (loss) | (4,288) | |||||||
| Operating loss: | (8,149) | (11,796) | (44,058) | (6,515) | (3,888) | (6,361) | ||
| Nonoperating income | 316 | |||||||
| Interest and debt expense | 5,148 | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 123 | 752 | 1,054 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (8,149) | (6,648) | (43,935) | (5,763) | (2,834) | (6,045) | ||
| Other undisclosed income from continuing operations before income taxes | 88 | 2,490 | ||||||
| Loss from continuing operations before income taxes: | (8,061) | (4,158) | (43,935) | (5,763) | (2,834) | (6,045) | ||
| Income tax expense (benefit) | (184) | (232) | 1,917 | 1,721 | 156 | (42) | ||
| Loss from continuing operations: | (8,245) | (4,390) | (42,018) | (4,042) | (2,678) | (6,087) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (4,390) | (38,446) | (4,042) | (2,678) | (6,087) | ||
| Income from discontinued operations | 3,572 | |||||||
| Net loss attributable to parent: | (8,245) | (4,390) | (38,446) | (4,042) | (2,678) | (6,087) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (355) | |||||||
| Net loss available to common stockholders, diluted: | (8,245) | (4,390) | (38,446) | (4,042) | (2,678) | (6,442) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,245) | (4,390) | (38,446) | (4,042) | (2,678) | (6,087) | ||
| Comprehensive loss, net of tax, attributable to parent: | (8,245) | (4,390) | (38,446) | (4,042) | (2,678) | (6,087) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.