Marchex Full Year 2023 Earnings: EPS Beats Expectations
Marchex (NASDAQ:MCHX) Full Year 2023 Results
Key Financial Results
Revenue: US$49.9m (down 4.3% from FY 2022).
Net loss: US$9.91m (loss widened by 20% from FY 2022).
US$0.23 loss per share (further deteriorated from US$0.19 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Marchex EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%.
In the last 12 months, the only revenue segment was Core Analytics and Solutions Services contributing US$49.9m. The largest operating expense was Research & Development (R&D) costs, amounting to US$15.4m (39% of total expenses). Explore how MCHX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are down 6.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Marchex you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
