On Wednesday, Marchex, Inc. stock identified change of -2.90% away from 52-week low price and recently located move of -63.91% off 52-week high price. MCHX stock has been recorded -39.51% away from 50 day moving average and -45.89% away from 200 day moving average. Moving closer, we can see that shares have been trading -29.81% off 20-day moving average.
Marchex, Inc. (MCHX) recently reported its financial results for the fourth quarter and full year ended December 31, 2019.
Q4 and Full Year 2019 Financial Highlights
Revenue was $28.6M for the fourth quarter of 2019, contrast to $23.1M for the fourth quarter of 2018. Revenue was $106.1M for 2019, contrast to $85.3M for 2018.
Core analytics and solutions revenue was $12.7M for the fourth quarter of 2019, contrast to $10.9M for the fourth quarter of 2018. Core analytics and solutions revenue was $52.3M for 2019, contrast to $35.4M for 2018.
Net loss was $0.4M for the fourth quarter of 2019 or $0.01 per diluted share, contrast to a net loss of $0.6M or $0.01 per diluted share for the fourth quarter of 2018. Net loss was $4.0M for 2019 or $0.09 per diluted share, contrast to a net loss of $2.7M or $0.06 per diluted share for 2018.
Planned Priorities Update
Expanded conversational analytics and solutions leadership with the acquisition of Sonar Technologies. In December 2019, Marchex reported the acquisition of Sonar Technologies, a leading enterprise text and messaging sales engagement and analytics company. Sonar provides an enterprise-level text and messaging platform for companies looking to increase revenue by improving consumer experience and engagement. With its acquisition of Sonar Technologies, Marchex will be able to provide a more complete view of business and consumer communications across voice and text while leveraging AI and automation to help brands deliver the most personalized consumer sales experiences at enterprise scale.
Grow New and Existing Client Relationships. In the fourth quarter, Marchex added new enterprise clients in verticals such as real estate, consumer lending, travel, automotive and other industries. The Company also recently added 4 Sales Edge Rescue consumers, including converted pilots, which are predictable to be onboarded in 2020.
Accelerate Product Innovation. Marchex recently reported Sale Edge Rescue enhancements that enable enterprise and local businesses to more efficiently grow revenue by capturing missed opportunities. The new capabilities, closed loop conversion tracking, enable businesses to evaluate sales team effectiveness in converting high value leads that were initially mishandled. Through these enhancements, Sales Edge Rescue plannedally empowers businesses by analyzing and measuring what happens after the salesperson acts on the missed prospects alerts and follows up with the prospective buyer.
“In 2019, we made considerable progress in expanding our market prospects through innovating with products, leveraging planned initiatives and evolving our infrastructure to solve mission critical problems for our consumers across the fastest growing mobile communication channels,” stated Mike Arends, Chief Financial Officer. “During 2020, we will continue investing to expand our conversational analytics and sales acceleration solutions and leverage our growing artificial intelligence and data science capabilities to empower businesses with exclusive end-to-end solutions that drive more sales, create better consumer experiences and provide a complete view of the consumer journey. We believe these initiatives will be the foundation for Marchex’s long-term growth and leadership in conversational analytics and sales acceleration solutions.”
The Services sector company, Marchex, Inc. noticed change of -4.74% to $2.01 along volume of 263071 shares in recent session compared to an average volume of 174.83K. MCHX’s shares are at -46.68% for the quarter and driving a -54.00% return over the course of the past year and is now at -46.83% since this point in 2018. The average volatility for the week at 7.62% and for month was at 6.82%. There are 43.25M shares outstanding and 35.68M shares are floated in market.