Earnings release
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Marchex Announces Second Quarter 2021 Results SEATTLE - August 5 , 2021-- Marchex , Inc. ( NASDAQ : MCHX ) , the award - winning Al - powered conversation intelligence company that helps businesses turn strategic insights into the actions that drive their most valued sales outcomes , today announced its financial results for the second quarter ended June 30 , 2021 . Q2 2021 Financial Highlights GAAP revenue was $ 14.0 million for the second quarter of 2021 , compared to $ 12.7 million for the second quarter of 2020 . Net loss from continuing operations was $ 0.3 million for the second quarter of 2021 or $ 0.01 per diluted share , compared to a net loss of $ 5.7 million or $ 0.09 per diluted share for the second quarter of 2020 . GAAP Revenue Non - GAAP Results : Adjusted EBITDA from continuing operations Exhibit 99.1 Q2 2020 $ 12.7 million Expansion of market opportunities : ( $ 4.2 million ) ( $ 0.5 million ) Adjusted non - GAAP income ( loss ) per share from continuing operations for the second quarter of 2021 was ( $ 0.02 ) compared to ( $ 0.07 ) for the second quarter of 2020 . ● Q2 2021 $ 14.0 million Second Quarter and Recent Highlights Following the company's divestiture of its call marketplace business in the fourth quarter of 2020 , Marchex is moving aggressively in 2021 to accelerate its conversation intelligence and sales engagement product pipeline and related sales efforts . Specifically , the company is launching new AI - driven products that solve an expanding array of industry specific use cases in verticals such as auto and others while expanding its people resources in key areas such as texting to support its growth opportunities and efforts . Strategic Priorities and Growth Initiatives Marchex's focus on accelerating growth in 2021 is anticipated to be driven by : New customer traction and existing customer expansion . In the second quarter of 2021 , Marchex saw continued momentum by adding new customers across multiple product lines in auto , home services , health care and other verticals . In May 2021 , the company launched Marchex Engage for Automotive . With this focused product , Marchex now offers thousands of auto dealers advanced dealer - specific conversation intelligence and sales engagement capabilities , opening a new important channel for growth . Marchex continues to broaden its text solution capabilities to include an expanding array of multi channel customer use cases as interest and urgency in adoption of text solutions continues to grow .