10-Q Filing

MARCHEX INC CIK: 1224133 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-028922`
Period End Date	20180930
Filing Date	20181109
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	mchx-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 46 Cash Flow Statement 45

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.65M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$94.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.80M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$326.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$919.00K	USD	Point-in-time
Total assets	`Assets`	$123.82M	USD	Point-in-time
Total assets	`Assets`	$98.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.26M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.80M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.17M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$313.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$21.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.23M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.82M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$343.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$340.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-255.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$84.91M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$98.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$123.82M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$62.12M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.05M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$68.44M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.01M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.33M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.61M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.28M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$12.07M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$13.81M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$11.38M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$4.26M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$3.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.08M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.57M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.57M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$110.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$110.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$20.75M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$64.93M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$22.93M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$74.14M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.70M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-876.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-742.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.81M	USD	3 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$134.00K	USD	3 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$296.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$805.00K	USD	3 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$77.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.01M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-799.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-446.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.56M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$32.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$37.00K	USD	3 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-811.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.04M	USD	3 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.60M	USD	3 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-457.00K	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.60M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.04M	USD	3 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.36M	USD	3 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$2.27M	USD	3 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$673.00K	USD	3 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$335.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.33M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.50M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-3.36M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-879.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-63.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$268.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.52M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$401.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$207.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.00M	USD	3 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$853.00K	USD	3 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-14.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-23.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.06M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.69M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.27M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.58M	USD	3 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$576.00K	USD	3 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$15.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.16M	USD	3 Qtrs
Repurchases of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$5.67M	USD	3 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$24.00K	USD	3 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$93.00K	USD	3 Qtrs
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.90M	USD	1 Quarter
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.91M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.49M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$427.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.59M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$78.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$78.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.