10-Q Filing

MARCHEX INC CIK: 1224133 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-026193`
Period End Date	20200331
Filing Date	20200519
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	mchx-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 32 Cash Flow Statement 51 Stockholders Equity 14

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.81M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.03M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.26M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$5.80M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$5.58M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$335.00K	USD	Point-in-time
Goodwill	`Goodwill`	$19.13M	USD	Point-in-time
Goodwill	`Goodwill`	$33.43M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$11.82M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$19.48M	USD	Point-in-time
Total assets	`Assets`	$100.06M	USD	Point-in-time
Total assets	`Assets`	$124.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.22M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.68M	USD	Point-in-time
Current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$642.00K	USD	Point-in-time
Current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$1.11M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.38M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.17M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.50M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.22M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$181.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$981.00K	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$5.66M	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$5.41M	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$473.00K	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$226.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$24.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.03M	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`	$359.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$360.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-285.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-260.24M	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 stockholders equity	`StockholdersEquity`	$76.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$99.84M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$100.06M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$124.50M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.79M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.41M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$14.26M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$14.50M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.76M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.99M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.11M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$4.57M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$6.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.74M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.76M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.57M	USD	1 Quarter
Acquisition-related costs (benefit)	`BusinessCombinationAcquisitionRelatedCostBenefit`	$182.00K	USD	1 Quarter
Acquisition-related costs (benefit)	`BusinessCombinationAcquisitionRelatedCostBenefit`	$-635.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$28.01M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$30.40M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.21M	USD	1 Quarter
Impairment of intangible assets from acquisitions	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$5.90M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.73M	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$185.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$110.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.62M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.42M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-743.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-119.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-24.88M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.30M	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.53	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 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-24.88M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.30M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$2.03M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$2.28M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.21M	USD	1 Quarter
Impairment of intangibles assets from acquisitions	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$5.90M	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$-157.00K	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$1.35M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-800.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-141.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$545.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.06M	USD	1 Quarter
Acquisition-related costs (benefit)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$117.00K	USD	1 Quarter
Acquisition-related costs (benefit)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-728.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$304.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.64M	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$854.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$394.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$318.00K	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`	$521.00K	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$206.00K	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$2.17M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-52.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.71M	USD	1 Quarter
Net cash provided by (used in) 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`	$596.00K	USD	1 Quarter
Cash received in connection with acquisitions	`CashAcquiredFromAcquisition`	$88.00K	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	`PaymentsToAcquireIntangibleAssetsAndOtherAssets`	$1.00K	USD	1 Quarter
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssetsAndOtherAssets`	$1.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-143.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-509.00K	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`	$9.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$195.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.68M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.21M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash paid for operating leases	`OperatingLeasePayments`	$301.00K	USD	1 Quarter
Cash paid for operating leases	`OperatingLeasePayments`	$418.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$76.03M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$99.84M	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`	$8.00K	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`	$1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.88M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$94.47M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$76.03M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$99.84M	USD	Point-in-time

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