10-Q Filing

MARCHEX INC CIK: 1224133 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-030869`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	mchx-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 54 Cash Flow Statement 51 Stockholders Equity 25

Balance Sheet 56 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`	$51.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.92M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$6.49M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$236.00K	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`	$17.56M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$20.70M	USD	Point-in-time
Total assets	`Assets`	$122.77M	USD	Point-in-time
Total assets	`Assets`	$113.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.43M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.81M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.42M	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`	$1.78M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$3.54M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.19M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.29M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$61.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.53M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.43M	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$6.41M	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$446.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$27.09M	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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$350.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$353.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-256.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-258.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$95.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$95.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$94.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$84.63M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$122.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$113.06M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.34M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$52.75M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$42.11M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.22M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$13.92M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$11.38M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$24.21M	USD	2 Qtrs
Service costs	`CostOfGoodsAndServicesSold`	$28.18M	USD	2 Qtrs
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$3.14M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$4.09M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.95M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.33M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$8.20M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$9.57M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$5.00M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$3.87M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$7.52M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.81M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.54M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$3.14M	USD	2 Qtrs
Acquisition-related costs (benefit)	`BusinessCombinationAcquisitionRelatedCostBenefit`	$-278.00K	USD	2 Qtrs
Acquisition-related costs (benefit)	`BusinessCombinationAcquisitionRelatedCostBenefit`	$-460.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$44.19M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$27.61M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$21.14M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$55.62M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.88M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.27M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.07M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-917.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$509.00K	USD	2 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$269.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$403.00K	USD	2 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$218.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.47M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.56M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.05M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-648.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-59.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$21.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$60.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.58M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.11M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.41M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-658.00K	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`	$-0.02	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.58M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.41M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$4.08M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$934.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$56.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$258.00K	USD	2 Qtrs
Acquisition-related costs (benefit)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-385.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.33M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-98.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$415.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$399.00K	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-291.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$153.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$155.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$293.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$297.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$665.00K	USD	2 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$1.76M	USD	2 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$766.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-60.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.96M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$963.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.03M	USD	2 Qtrs
Cash received in connection with acquisitions	`CashAcquiredFromAcquisition`	$95.00K	USD	2 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$578.00K	USD	2 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.61M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-870.00K	USD	2 Qtrs
Repurchases of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$5.67M	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$71.00K	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.70M	USD	2 Qtrs
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.91M	USD	2 Qtrs
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.90M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.51M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.70M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.79M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.39M	USD	2 Qtrs
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`	$51.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.80M	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`	$51.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.80M	USD	Point-in-time
Cash paid for operating leases	`OperatingLeasePayments`	$843.00K	USD	2 Qtrs
Cash paid for operating leases	`OperatingLeasePayments`	$649.00K	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$95.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$90.24M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$84.63M	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`	$194.00K	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`	$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`	$722.00K	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`	$1.55M	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$951.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$782.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$545.00K	USD	1 Quarter
Repurchase of treasury stock	`TreasuryStockValueAcquiredParValueMethod`	$23.00K	USD	1 Quarter
Retirement of treasury stock	`TreasuryStockRetiredParValueMethodAmount`	$5.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-658.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-926.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$95.69M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$90.24M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$84.63M	USD	Point-in-time

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