10-Q Filing

MARCHEX INC CIK: 1224133 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-018527`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mchx-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 27 Cash Flow Statement 47 Stockholders Equity 14

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$68.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.92M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$7.07M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$848.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$917.00K	USD	Point-in-time
Goodwill	`Goodwill`	$24.44M	USD	Point-in-time
Goodwill	`Goodwill`	$24.44M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$20.70M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$19.13M	USD	Point-in-time
Total assets	`Assets`	$113.06M	USD	Point-in-time
Total assets	`Assets`	$122.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.97M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.81M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.13M	USD	Point-in-time
Current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$1.28M	USD	Point-in-time
Current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$1.22M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$3.96M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.78M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.56M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$91.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.29M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.53M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.39M	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$6.79M	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$502.00K	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$446.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$28.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.04M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Treasury stock	`TreasuryStockCommonValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$351.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$350.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-257.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-256.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$94.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$95.03M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$122.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$113.06M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.90M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.41M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$14.26M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$12.82M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.11M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.61M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$3.65M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$4.57M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.32M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$182.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$23.05M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$28.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.60M	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$185.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$240.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-915.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.42M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-119.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.30M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-926.00K	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
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.30M	USD	1 Quarter
Net loss	`ProfitLoss`	$-926.00K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$2.03M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$524.00K	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$159.00K	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$-157.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-141.00K	USD	1 Quarter
Accretion of interest and other expense	`AccretionExpense`	$117.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$545.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$951.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-119.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.64M	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$394.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-169.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$743.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$416.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$193.00K	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$2.17M	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$528.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$38.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-52.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.62M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$237.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$769.00K	USD	1 Quarter
Cash received in connection with acquisitions	`CashAcquiredFromAcquisition`	$95.00K	USD	1 Quarter
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireProductiveAssets`	$1.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-143.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-769.00K	USD	1 Quarter
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$195.00K	USD	1 Quarter
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$31.00K	USD	1 Quarter
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.91M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$195.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.88M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.63M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.68M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$84.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$84.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.91M	USD	Point-in-time
Cash paid for operating leases	`OperatingLeasePayments`	$418.00K	USD	1 Quarter
Cash paid for operating leases	`OperatingLeasePayments`	$288.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$90.24M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$27.00K	USD	1 Quarter
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$194.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$545.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$951.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-926.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$90.24M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time

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