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Marchex, Inc. (NASDAQ: MCHX) announced its financial results for Q1 2024. GAAP revenue was $11.6 million, compared to $12.2 million in Q1 2023. Net loss was $1.5 million, or $0.03 per diluted share, compared to $4.5 million, or $0.11 per diluted share in Q1 2023. Adjusted EBITDA was $(0.4) million, including $235,000 of reorganization costs. Recent business highlights include new customer traction, product innovation with Sentiment Suite, and focus on accelerating growth and profitability.
Marchex (NASDAQ: MCHX) will report its first quarter 2024 financial results on May 7, 2024. The company focuses on AI and conversational intelligence to drive operational excellence. A conference call will follow the release for discussing the results and outlook.
Marchex, a company utilizing AI and conversational intelligence, has launched its Sentiment Suite product offering across multiple APIs after completing an early adopter program with Fortune 500 customers. The product provides insights into customer emotions, specific sentiments, and the overall view of businesses during conversations. The feedback from the early adopter program highlighted the operational value and impact of the Sentiment Suite, showcasing how it can improve customer satisfaction, drive revenue acceleration, and create more effective workflows.
