Yahoo Finance Marchex Third Quarter 2022 Earnings: Revenues Disappoint
Marchex (NASDAQ:MCHX) Third Quarter 2022 Results
Key Financial Results
Revenue: US$13.2m (down 3.7% from 3Q 2021).
Net loss: US$1.56m (down by 147% from US$3.31m profit in 3Q 2021).
US$0.036 loss per share (down from US$0.075 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Marchex Earnings Insights
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Marchex.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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