0001564590-21-010287.txt : 20210302 0001564590-21-010287.hdr.sgml : 20210302 20210302161905 ACCESSION NUMBER: 0001564590-21-010287 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20210302 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210302 DATE AS OF CHANGE: 20210302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARCHEX INC CENTRAL INDEX KEY: 0001224133 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 352194038 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50658 FILM NUMBER: 21703863 BUSINESS ADDRESS: STREET 1: 520 PIKE STREET STREET 2: SUITE 2000 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-774-5000 MAIL ADDRESS: STREET 1: 520 PIKE STREET STREET 2: SUITE 2000 CITY: SEATTLE STATE: WA ZIP: 98101 8-K 1 mchx-8k_20210302.htm 8-K mchx-8k_20210302.htm
false MARCHEX INC 0001224133 0001224133 2021-03-02 2021-03-02

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 2, 2021

 

Marchex, Inc.

(Exact name of Registrant as Specified in its Charter)

  

 

 

 

 

Delaware

000-50658

35-2194038

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

520 Pike Street Suite 2000,

Seattle, Washington

 

98101

(Address of principal executive offices)

 

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (206) 331-3300

Not Applicable

(Former name or former address, if changed since last report)

   

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Class B Common Stock, par value $0.01 per share

 

MCHX

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 2.02Results of Operations and Financial Condition.

On March 2, 2021, Marchex, Inc. (“Marchex”) is issuing a press release and holding a conference call regarding its financial results for the quarter and year ended December 31, 2020 (the “Press Release”). The full text of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 2.02 (including Exhibit 99.1) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Marchex is referencing non-GAAP financial information in both the Press Release and on the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached Press Release. Disclosures regarding definitions of these financial measures used by Marchex and why Marchex’s management believes these financial measures provide useful information to investors is also included in the Press Release. 

 

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

No.

  

Description

 

 

99.1

  

Press Release of Marchex, dated March 2, 2021

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Marchex has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

MARCHEX, INC.

 

 

Date: March 2, 2021

By:

/s/ MICHAEL A. ARENDS

 

Name:

Michael A. Arends

 

Title:

Co-CEO and Chief Financial Officer

(Principal Executive Officer for SEC reporting purposes, Principal Financial Officer and Principal Accounting Officer)

 

 

 EX-99.1 2 mchx-ex991_6.htm EX-99.1 mchx-ex991_6.htm

 

 

Exhibit 99.1

Marchex Announces Fourth Quarter and Full Year 2020 Results

 

SEATTLE – March 2, 2021-- Marchex, Inc. (NASDAQ: MCHX), a leading conversational analytics and solutions company that connects the voice of the customer to your business, today announced its financial results for the fourth quarter and full year ended December 31, 2020.

Q4 and Full Year 2020 Financial Highlights1

•

GAAP revenue, was $12.7 million for the fourth quarter of 2020, compared to $13.4 million for the fourth quarter of 2019. GAAP revenue, was $51.2 million for 2020, compared to $54.5 million for 2019.

•

Core analytics and solutions revenue was $12.5 million for the fourth quarter of 2020, which included the benefit of recognizing $274,000 of revenues that were reserved at the end of the prior quarter given they did not meet recognition criteria under our revenue recognition policies. Excluding this amount, core analytics and solutions revenue for the third quarter of 2020 was $12.3 million, compared to $12.7 million for the fourth quarter of 2019. Core analytics and solutions revenue was $50.4 million for 2020, compared to $52.3 million for 2019.

•

Net loss including discontinued operations was $5.4 million for the fourth quarter of 2020 or $0.12 per diluted share, compared to a net loss of $0.4 million or $0.01 per diluted share for the fourth quarter of 2019. Net loss including discontinued operations was $38.4 million for 2020 or $0.83 per diluted share, compared to a net loss including discontinued operations of $4.0 million or $0.09 per diluted share for 2019.

•

Net loss from continuing operations was $5.6 million for the fourth quarter of 2020 or $0.13 per diluted share, compared to a net loss of $2.8 million or $0.06 per diluted share for the fourth quarter of 2019. Net loss from continuing operations was $43.0 million for 2020 or $0.93 per diluted share, compared to a net loss from continuing operations of $11.5 million or $0.25 per diluted share for 2019.

 

 

 

Q4 2019

 

Q4 2020

 

 

FY 2019

 

FY 2020

GAAP Revenue

 

$

13.4

 

million

 

$

12.7

 

 

million

 

 

$

54.5

 

 

million

 

$

51.2

 

 

million

Core Analytics and solutions revenue

 

$

12.7

 

million

 

$

12.5

 

 

million

 

 

$

52.3

 

 

million

 

$

50.4

 

 

million

Cash Balance (net of current debt obligations)

 

$

41.7

 

million

 

$

28.7

 

 

million

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP Results1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA from continuing operations

 

$

(1.4

)

million

 

$

(3.2

)

 

million

 

 

$

(3.5

)

 

million

 

$

(15.0

)

 

million

 

•

Adjusted non-GAAP income (loss) per share2 from continuing operations for the fourth quarter of 2020 was ($0.06), compared to ($0.04) for the fourth quarter of 2019. Adjusted non-GAAP income (loss) per share2 from continuing operations for 2020 was ($0.28), compared to ($0.13) for 2019.

 

1

The Company sold its interest in the Local Leads Platform, Call Marketplace and other assets not related to core conversational analytics and sales engagement solutions. As a result, the financial results of these dispositions are presented as discontinued operations net of tax in our condensed consolidated statements of operations in accordance with GAAP, and are excluded from revenue and all other results unless otherwise noted

2Reconciliations of non-GAAP measures are included in the financial tables attached to this press release and we encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures.

 

Strategic Priorities Update

Grow Client Relationships and Accelerate Product Innovation. Marchex continues to add new voice and text customers across its core verticals. Marchex also recently launched Marchex Marketing Edge, a new solution that enables brand marketers and agencies to tie revenue-generating conversations back to the specific marketing campaigns that generated them. This new product captures conversational data across multiple communication channels, including calls, text, and chat - as well as web form completions - and uses AI-powered conversation intelligence to identify and classify the conversations that drive sales.  Marchex Marketing Edge enables businesses to complete and enrich the picture of their digital marketing performance and power automated actions by automatically flowing conversational data into a rich and growing list of third party Martech, Adtech, CRM and chat systems, and makes it simple to create custom integrations.

In January 2021, Marchex Marketing Edge was named the best in its class and presented with the Gold Stevie® Award in the Marketing Solution – New Version category in the 14th annual Stevie Awards for Sales & Customer Service. The Stevie Awards for Sales & Customer Service are the world's top honors for customer service, contact center, business development, and sales professionals. More than 2,600 nominations from organizations in 48 nations of all sizes and virtually every industry were evaluated in this year's competition.  Stevie comments noted that Marchex Marketing Edge is an innovative solution that enables marketers to make better data-driven decisions and significantly increase customer reach.  

Completion of divestiture of certain assets, including its Local Leads platform and its Call Marketplace and associated revenues. In October 2020, Marchex completed the sale of its interest in the Local Leads Platform, Call Marketplace and other assets not related to core conversational analytics and sales engagement solutions.

 

Completion of Tender Offer. In October 2020, Marchex also completed its joint and equal tender offer with Edenbrook Capital, LLC for the purchase of 10 million shares of Class B common stock at $2.15 per share, of which the Company’s share of the repurchase totaled approximately $10.8 million for 5 million shares.

 

“In the fourth quarter of 2020, Marchex took important steps to concentrate the business on the transformational opportunity in conversational analytics and sales engagement solutions through divesting of non-core assets,” said Russell Horowitz, Executive Chairman and Co-CEO. “While we and our customers are still navigating the challenging circumstances created by the pandemic, during the fourth quarter and more recently, we have started to see benefits of a singularly focused company with accelerating new product releases, as well as adding new customer wins and upsells after managing through the difficult selling environment for much of 2020. Over the course of 2021, we will continue to execute on our strategy as a singularly focused conversational AI and sales engagement solutions company.  We will continue to launch new products and partnerships designed to deliver and accelerate both our opportunity and long-term growth.”

Business Outlook

The following forward-looking statements reflect Marchex's expectations as of March 2, 2021.

“While we started to see some positive developments in the fourth quarter of 2020 in terms of sales pipeline and go forward opportunities, our outlook for the year remains highly fluid and there is a degree of uncertainty in the near term,” said Mike Arends, Co-CEO & Chief Financial Officer. “Based on this, for the first quarter of 2021 we are not providing revenue or adjusted operating income or adjusted EBITDA guidance.”

“As we look at 2021 overall and beyond, we continue to be encouraged by the interactions we are having with existing and potential new customers regarding expansion of existing relationships and adoption of new products. Assuming the current trajectory of these opportunities continue, and there is an unwinding of the business impact from the pandemic, we believe there is a path for us to return to double-digit growth in the course of 2021. Additionally, in 2021 we believe we can drive and achieve progressive and sequential growth in

core analytics and solutions revenue, profitability, customer wins and product expansion.  As we launch new products and they begin to contribute, we also continue to believe there is a potential path to reach break-even or better on an Adjusted EBITDA basis at some point in 2021,” said Arends.

 

Management will hold a conference call, starting at 5:00 p.m. ET on Tuesday March 2, 2021 to discuss its fourth quarter and year ended December 31, 2020 financial results and other company updates. Access to the live webcast of the conference call will be available online from the Investors section of Marchex’s website at www.marchex.com. An archived version of the webcast will also be available at the same location two hours after completion of the call.

About Marchex

Marchex understands the best customers are those who call your company - they convert faster, buy more, and churn less. Marchex provides solutions that help companies drive more calls, understand what happens on those calls, and convert more of those callers into customers. Our actionable intelligence strengthens the connection between companies and their customers, bridging the physical and digital world, to help brands maximize their marketing investments and operating efficiencies to acquire the best customers.

Please visit http://www.marchex.com, www.marchex.com/blog or @marchex on Twitter (Twitter.com/Marchex), where Marchex discloses material information from time to time about the company, its financial information, and its business.

Forward-Looking Statements:

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, other financial guidance, acquisitions, dispositions, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. There are a number of important factors that could cause Marchex's actual results to differ materially from those indicated by such forward-looking statements including but not limited to product demand, order cancellations and delays, competition and general economic conditions. These factors are described in greater detail in the "Risk Factors" section of our most recent periodic report and registration statement filed with the SEC. The consideration and purchase accounting are preliminary estimates at this time and are pending finalization of various items including potential working capital adjustments. All of the information provided in this release is as of March 2, 2021 and Marchex undertakes no duty to update the information provided herein.

In the event the press release contains links to third party websites or materials, the links are provided solely as a convenience to you. Marchex is not responsible for the content of linked third-party sites or materials and does not make any representations regarding the content or accuracy thereof.

Non-GAAP Financial Information:

To supplement Marchex's consolidated financial statements presented in accordance with GAAP and to provide clarity internally and externally, Marchex uses certain non-GAAP measures of financial performance and liquidity, including Adjusted OIBA, Adjusted EBITDA, and Adjusted non-GAAP income (loss) per share.

 

Adjusted OIBA from continuing operations represents income (loss) from operations, excluding (1) stock-based compensation expense, (2) amortization of intangible assets from acquisitions, (3) acquisition and disposition related costs (benefit), (4) impairment of intangibles assets and goodwill from acquisitions and (5) foreign government paycheck assistance subsidies. This measure, among other things, is one of the primary metrics by which Marchex evaluates the performance of its business. Adjusted OIBA is the basis on which Marchex's internal budgets are based and by which Marchex's management is currently evaluated. Marchex believes these

measures are useful to investors because they represent Marchex's consolidated operating results, taking into account depreciation and other intangible amortization, which Marchex believes is an ongoing cost of doing business, but excluding the effects of certain other expenses as detailed above. 

 

Adjusted EBITDA from continuing operations represents income (loss) from continuing operations before (1) interest, (2) income taxes, (3) depreciation, (4) stock-based compensation expense, (5) amortization of intangible assets from acquisitions, (6) acquisition and disposition related costs (benefit), (7) impairment of intangibles assets and goodwill from acquisitions, and (8) foreign government paycheck assistance subsidies. Marchex believes that Adjusted EBITDA is another alternative measure used by our management to understand and evaluate our core operating performance and trends, and that provides meaningful supplemental information regarding performance and evaluating liquidity to measure its ability to fund operations and its financing obligations. Financial analysts and investors may use Adjusted OIBA and Adjusted EBITDA to help with comparative financial evaluation to make informed investment decisions. 

 

Adjusted non-GAAP income (loss) per share from continuing operations represents Adjusted non-GAAP income (loss) from continuing operations divided by GAAP diluted shares outstanding. Adjusted non-GAAP income (loss) generally captures those items on the statement of operations that have been, or ultimately will be, settled in cash exclusive of certain items that are not indicative of Marchex’s recurring core operating results and represents net income (loss) applicable to common stockholders plus the net of tax effects of: (1) stock-based compensation expense, (2) acquisition and disposition related costs (benefit), and (3) amortization of intangible assets from acquisitions, and (4) impairment of intangibles assets and goodwill from acquisitions (5) interest income and other, net, (6) net income from discontinued operations, net of tax, and (7) estimated impact of income taxes. Financial analysts and investors may use Adjusted non-GAAP income (loss) per share to analyze Marchex's financial performance since these groups have historically used EPS related measures, along with other measures, to estimate the value of a company, to make informed investment decisions, and to evaluate a company's operating performance compared to that of other companies in its industry.

 

Marchex's management believes that investors should have access to, and Marchex is obligated to provide, the same set of tools that management uses in analyzing the company's results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, and should not be considered in isolation, as a substitute for, or superior to, GAAP results. Marchex’s non-GAAP financial measures may be defined differently from time to time and may be defined differently than similar titled terms used by other companies, and accordingly, care should be exercised in understanding how Marchex defines its non-GAAP financial measures in this release. Marchex endeavors to compensate for the limitations of the non-GAAP measures presented by providing the comparable GAAP measure with equal or greater prominence, GAAP financial statements, and detailed descriptions of the reconciling items and adjustments, including quantifying such items, to derive the non-GAAP measure.

 

For further information, contact:

Trevor Caldwell
Marchex Investor Relations

Telephone: 206.331.3600
Email: ir@marchex.com

Or

MEDIA INQUIRIES

Marchex Corporate Communications

Telephone: 206.331.3434

Email: pr(at)marchex.com

 

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)

 

 

 

 

Three Months Ended

 

 

Twelve Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Revenue

 

$

13,448

 

 

$

12,691

 

 

$

54,489

 

 

$

51,218

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service costs (1)

 

 

4,310

 

 

 

5,459

 

 

 

18,003

 

 

 

20,888

 

Sales and marketing (1)

 

 

3,745

 

 

 

3,693

 

 

 

13,729

 

 

 

16,656

 

Product development (1)

 

 

4,745

 

 

 

5,169

 

 

 

17,879

 

 

 

21,001

 

General and administrative (1)

 

 

3,474

 

 

 

3,015

 

 

 

13,022

 

 

 

12,796

 

Amortization of intangible assets from acquisitions

 

 

1,560

 

 

 

1,156

 

 

 

6,263

 

 

 

5,331

 

Acquisition and disposition related costs (benefit)

 

 

262

 

 

 

(71

)

 

 

(447

)

 

 

(1,043

)

Total operating expenses

 

 

18,096

 

 

 

18,421

 

 

 

68,449

 

 

 

75,629

 

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(13,744

)

Impairment of intangible assets from acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(5,903

)

                   Loss from operations

 

 

(4,648

)

 

 

(5,730

)

 

 

(13,960

)

 

 

(44,058

)

Interest income (expense) and other, net

 

 

160

 

 

 

(16

)

 

 

752

 

 

 

123

 

Loss before provision for income taxes

 

 

(4,488

)

 

 

(5,746

)

 

 

(13,208

)

 

 

(43,935

)

Income tax expense (benefit)

 

 

(1,718

)

 

 

(99

)

 

 

(1,722

)

 

 

945

 

Loss from continuing operations

 

 

(2,770

)

 

 

(5,647

)

 

 

(11,486

)

 

 

(42,990

)

Income from discontinued operations, net of tax

 

 

2,356

 

 

 

248

 

 

 

7,444

 

 

 

4,544

 

Net loss applicable to common stockholders

 

$

(414

)

 

$

(5,399

)

 

$

(4,042

)

 

$

(38,446

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per Class A and Class B share applicable to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.06

)

 

$

(0.13

)

 

 

(0.25

)

 

 

(0.93

)

Discontinued operations, net of tax

 

$

0.05

 

 

$

0.01

 

 

 

0.16

 

 

 

0.10

 

Basic and diluted net loss per Class A and Class B share applicable to common stockholders

 

$

(0.01

)

 

$

(0.12

)

 

$

(0.09

)

 

$

(0.83

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used to calculate basic net loss per share applicable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A

 

 

4,661

 

 

 

4,661

 

 

 

4,793

 

 

 

4,661

 

Class B

 

 

41,286

 

 

 

39,411

 

 

 

40,667

 

 

 

41,559

 

Shares used to calculate diluted net loss per share applicable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A

 

 

4,661

 

 

 

4,661

 

 

 

4,793

 

 

 

4,661

 

Class B

 

 

45,947

 

 

 

44,072

 

 

 

45,460

 

 

 

46,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes stock-based compensation allocated as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service costs

 

$

3

 

 

$

7

 

 

$

113

 

 

$

36

 

Sales and marketing

 

 

125

 

 

 

283

 

 

 

469

 

 

 

1,041

 

Product development

 

 

63

 

 

 

97

 

 

 

233

 

 

 

358

 

General and administrative

 

 

725

 

 

 

596

 

 

 

2,000

 

 

 

2,172

 

Total

 

$

916

 

 

$

983

 

 

$

2,815

 

 

$

3,607

 

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2020

 

Assets

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

41,731

 

 

$

33,851

 

Accounts receivable, net

 

 

7,525

 

 

 

6,331

 

Prepaid expenses and other current assets

 

 

2,015

 

 

 

2,232

 

Current assets of discontinued operations

 

 

11,148

 

 

 

—

 

Total current assets

 

 

62,419

 

 

 

42,414

 

Property and equipment, net

 

 

2,995

 

 

 

2,747

 

Other assets, net

 

 

312

 

 

 

2,251

 

Right-of-use lease asset

 

 

5,801

 

 

 

3,568

 

Goodwill

 

 

32,330

 

 

 

18,502

 

Intangible assets from acquisitions, net

 

 

19,485

 

 

 

8,252

 

Long-term assets of discontinued operations

 

 

1,159

 

 

 

—

 

Total assets

 

$

124,501

 

 

$

77,734

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$

618

 

 

$

2,424

 

Accrued expenses and other current liabilities

 

 

6,859

 

 

 

10,158

 

Deferred revenue and deposits

 

 

866

 

 

 

1,393

 

Lease liability current

 

 

1,500

 

 

 

1,806

 

Loan obligations, current

 

 

—

 

 

 

5,123

 

Current liabilities of discontinued operations

 

 

7,703

 

 

 

—

 

Total current liabilities

 

 

17,546

 

 

 

20,904

 

Deferred tax liabilities

 

 

981

 

 

 

1,162

 

Lease liability non-current

 

 

5,664

 

 

 

2,980

 

Other non-current liabilities

 

 

473

 

 

 

—

 

Total liabilities

 

 

24,664

 

 

 

25,046

 

Stockholders’ equity:

 

 

 

 

 

 

 

 

Class A common stock

 

 

49

 

 

 

49

 

Class B common stock

 

 

396

 

 

 

365

 

Additional paid-in capital

 

 

359,632

 

 

 

350,960

 

Accumulated deficit

 

 

(260,240

)

 

 

(298,686

)

Total stockholders’ equity

 

 

99,837

 

 

 

52,688

 

Total liabilities and stockholders’ equity

 

$

124,501

 

 

$

77,734

 

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

(in thousands)

(unaudited)

 

Reconciliation of GAAP Loss from Operations to Adjusted Operating Income (Loss) Before Amortization (OIBA) from Continuing Operations and Adjusted EBITDA from Continuing Operations

 

 

 

Three Months Ended

December 31,

 

 

Twelve Months Ended

December 31,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Loss from operations

 

$

(4,648

)

 

$

(5,730

)

 

$

(13,960

)

 

$

(44,058

)

Stock-based compensation

 

 

916

 

 

 

983

 

 

 

2,815

 

 

 

3,607

 

Amortization of intangible assets from acquisitions

 

 

1,560

 

 

 

1,156

 

 

 

6,263

 

 

 

5,331

 

Acquisition and disposition related costs (benefit)

 

 

262

 

 

 

(71

)

 

 

(447

)

 

 

(1,043

)

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,744

 

Impairment of intangible assets from acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,903

 

Foreign government paycheck assistance subsidies1

 

 

—

 

 

 

(46

)

 

 

—

 

 

 

(415

)

Adjusted OIBA from continuing operations

 

$

(1,910

)

 

$

(3,708

)

 

$

(5,329

)

 

$

(16,931

)

Depreciation and amortization

 

 

468

 

 

 

500

 

 

 

1,864

 

 

 

1,918

 

Adjusted EBITDA from continuing operations

 

$

(1,442

)

 

$

(3,208

)

 

$

(3,465

)

 

$

(15,013

)

 

 

1

Includes pandemic related wage relief subsidies, recognized as a reduction of wages during the period received.

 

 

 

Revenue Reconciliation

 

 

 

Three Months Ended

December 31,

 

 

Twelve Months Ended

December 31,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Core analytics and solutions revenue2

 

$

12,674

 

 

$

12,546

 

 

$

52,324

 

 

$

50,421

 

Other analytics3

 

 

774

 

 

 

145

 

 

 

2,165

 

 

 

797

 

Total Revenue

 

$

13,448

 

 

$

12,691

 

 

$

54,489

 

 

$

51,218

 

 

2

Core analytics and solutions revenue includes revenue from analytics and sales engagement solutions customers, including those that are purchasing or buying products derived from the company’s speech technology platform.

3

Includes revenue from tests, consulting services or other analytics revenues that may continue for a limited time but are not anticipated to continue in future periods.

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

(in thousands, except per share amounts)

(unaudited)

 

Reconciliation of GAAP Net Loss per Share to Adjusted Non-GAAP Income (Loss) from Continuing Operations per Share

 

 

 

Three Months Ended

December 31,

 

 

Twelve Months Ended

December 31,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Adjusted Non-GAAP income (loss) per share

 

$

(0.04

)

 

$

(0.06

)

 

$

(0.13

)

 

$

(0.28

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share applicable to common stockholders - diluted

   (GAAP loss per share)

 

$

(0.01

)

 

$

(0.12

)

 

$

(0.09

)

 

$

(0.83

)

Shares used to calculate diluted net loss per share applicable to

   common stockholders

 

 

45,947

 

 

 

44,072

 

 

 

45,460

 

 

 

46,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operations applicable to common stockholders

 

$

(414

)

 

$

(5,399

)

 

$

(4,042

)

 

$

(38,446

)

Stock-based compensation

 

 

916

 

 

 

983

 

 

 

2,815

 

 

 

3,607

 

Acquisition related costs (benefit)

 

 

262

 

 

 

(71

)

 

 

(447

)

 

 

(1,043

)

Amortization of intangible assets from acquisitions

 

 

1,560

 

 

 

1,156

 

 

 

6,263

 

 

 

5,331

 

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,744

 

Impairment of intangible assets from acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,903

 

Interest income and other, net

 

 

(160

)

 

 

16

 

 

 

(752

)

 

 

(123

)

Income from discontinued operations, net of tax

 

 

(2,356

)

 

 

(248

)

 

 

(7,444

)

 

 

(4,544

)

Estimated impact of income taxes

 

 

(1,599

)

 

 

780

 

 

 

(2,101

)

 

 

2,555

 

Adjusted Non-GAAP loss from continuing operations

 

$

(1,791

)

 

$

(2,783

)

 

$

(5,708

)

 

$

(13,016

)

Adjusted Non-GAAP loss from continuing operations per share

 

$

(0.04

)

 

$

(0.06

)

 

$

(0.13

)

 

$

(0.28

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used to calculate diluted net loss per share applicable to common stockholders (GAAP) and Adjusted Non-GAAP loss from continuing operations per share

 

 

45,947

 

 

 

44,072

 

 

 

45,460

 

 

 

46,260

 

 

 

1

For the purpose of computing the number of diluted shares for Adjusted Non-GAAP income (loss) from continuing operations per share, Marchex uses the accounting guidance that would be applicable for computing the number of diluted shares for GAAP net income (loss) per share.

 

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

(in thousands, except per share amounts)

(unaudited)

 

Reconciliation of GAAP Loss from Continuing Operations to Non-GAAP Loss from Continuing Operations excluding Impairment of Goodwill and Intangible Assets

 

 

 

Three Months Ended

December 31,

 

 

Twelve Months Ended

December 31,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Loss from continuing operations (GAAP)

 

$

(2,770

)

 

$

(5,647

)

 

$

(11,486

)

 

$

(42,990

)

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,744

 

Impairment of intangible assets from acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,903

 

Loss from continuing operations excluding impairment of goodwill and intangible assets (Non-GAAP)

 

$

(2,770

)

 

$

(5,647

)

 

$

(11,486

)

 

$

(23,343

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations applicable to common stockholders - diluted (GAAP loss per share)

 

$

(0.06

)

 

$

(0.13

)

 

$

(0.25

)

 

$

(0.93

)

Impairment of goodwill per diluted share

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.30

 

Impairment of intangible assets from acquisitions per diluted share

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.13

 

Loss from continuing operations excluding impairment of goodwill and intangible assets per diluted share (Non-GAAP)

 

$

(0.06

)

 

$

(0.13

)

 

$

(0.25

)

 

$

(0.50

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used to calculate diluted loss from continuing operations per share applicable to common stockholders (GAAP) and diluted loss from continuing operations excluding impairment of goodwill and intangible assets (Non-GAAP)

 

 

45,947

 

 

 

44,072

 

 

 

45,460

 

 

 

46,260

 

 

 

 

MARCHEX, INC. AND SUBSIDIARIES

(in thousands)

(unaudited)

 

Reconciliation of GAAP Loss from Operations to Adjusted OIBA from Continuing Operations and Adjusted EBITDA from Continuing Operations

 

 

Three Months Ended

 

 

Twelve Months Ended

 

 

 

3/31/2020

 

 

6/30/2020

 

 

9/30/2020

 

 

12/31/2020

 

 

12/31/2020

 

Revenue

 

$

12,008

 

 

$

12,716

 

 

$

13,803

 

 

$

12,691

 

 

$

51,218

 

Service costs

 

 

(4,828

)

 

 

(4,968

)

 

 

(5,633

)

 

 

(5,459

)

 

 

(20,888

)

Sales and marketing

 

 

(4,170

)

 

 

(4,828

)

 

 

(3,965

)

 

 

(3,693

)

 

 

(16,656

)

Product development

 

 

(5,358

)

 

 

(5,306

)

 

 

(5,168

)

 

 

(5,169

)

 

 

(21,001

)

General and administrative

 

 

(3,453

)

 

 

(2,845

)

 

 

(3,483

)

 

 

(3,015

)

 

 

(12,796

)

Amortization of intangible assets from acquisitions

 

 

(1,763

)

 

 

(1,206

)

 

 

(1,206

)

 

 

(1,156

)

 

 

(5,331

)

Acquisition and disposition related (costs) benefit

 

 

635

 

 

 

361

 

 

 

(24

)

 

 

71

 

 

 

1,043

 

Impairment of goodwill

 

 

(13,744

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(13,744

)

Impairment of intangible assets from acquisitions

 

 

(5,903

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(5,903

)

                   Loss from operations

 

 

(26,576

)

 

 

(6,076

)

 

 

(5,676

)

 

 

(5,730

)

 

 

(44,058

)

Stock-based compensation

 

 

962

 

 

 

844

 

 

 

818

 

 

 

983

 

 

 

3,607

 

Amortization of intangible assets from acquisitions

 

 

1,763

 

 

 

1,206

 

 

 

1,206

 

 

 

1,156

 

 

 

5,331

 

Acquisition and disposition related costs (benefit)

 

 

(635

)

 

 

(361

)

 

 

24

 

 

 

(71

)

 

 

(1,043

)

Impairment of goodwill

 

 

13,744

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,744

 

Impairment of intangible assets from acquisitions

 

 

5,903

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,903

 

Foreign government paycheck assistance subsidies1

 

 

—

 

 

 

(252

)

 

 

(117

)

 

 

(46

)

 

 

(415

)

Adjusted OIBA from continuing operations

 

 

(4,839

)

 

 

(4,639

)

 

 

(3,745

)

 

 

(3,708

)

 

 

(16,931

)

Depreciation and amortization

 

 

506

 

 

 

477

 

 

 

435

 

 

 

500

 

 

 

1,918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA from continuing operations

 

$

(4,333

)

 

$

(4,162

)

 

$

(3,310

)

 

$

(3,208

)

 

$

(15,013

)

 

 

1

Includes pandemic related wage relief subsidies, recognized as a reduction of wages during the period received.

 

 EX-101.SCH 3 mchx-20210302.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink EX-101.LAB 4 mchx-20210302_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Cover [Abstract] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Incorporation, State or Country Code Entity Incorporation State Country Code Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address Address Line1 Entity Address, Address Line Two Entity Address Address Line2 Entity Address, City or Town Entity Address City Or Town Entity Address, State or Province Entity Address State Or Province Entity Address, Postal Zip Code Entity Address Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre Commencement Tender Offer Pre-commencement Issuer Tender Offer Pre Commencement Issuer Tender Offer Title of 12(b) Security Security12b Title Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company EX-101.PRE 5 mchx-20210302_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 6 mchx-8k_20210302_htm.xml IDEA: XBRL DOCUMENT 0001224133 2021-03-02 2021-03-02 false MARCHEX INC 0001224133 8-K 2021-03-02 DE 000-50658 35-2194038 520 Pike Street Suite 2000 Seattle WA 98101 206 331-3300 false false false false Class B Common Stock, par value $0.01 per share MCHX NASDAQ false XML 7 R1.htm IDEA: XBRL DOCUMENT v3.20.4
Document and Entity Information
Mar. 02, 2021
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Mar. 02, 2021
Entity Registrant Name MARCHEX INC
Entity Central Index Key 0001224133
Entity Incorporation, State or Country Code DE
Entity File Number 000-50658
Entity Tax Identification Number 35-2194038
Entity Address, Address Line One 520 Pike Street
Entity Address, Address Line Two Suite 2000
Entity Address, City or Town Seattle
Entity Address, State or Province WA
Entity Address, Postal Zip Code 98101
City Area Code 206
Local Phone Number 331-3300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class B Common Stock, par value $0.01 per share
Trading Symbol MCHX
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.4 html 1 96 1 false 0 0 false 0 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports mchx-8k_20210302.htm mchx-20210302.xsd mchx-20210302_lab.xml mchx-20210302_pre.xml mchx-ex991_6.htm http://xbrl.sec.gov/dei/2020-01-31 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "mchx-8k_20210302.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "definitionLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml", "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml" ] }, "inline": { "local": [ "mchx-8k_20210302.htm" ] }, "labelLink": { "local": [ "mchx-20210302_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml" ] }, "presentationLink": { "local": [ "mchx-20210302_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml" ] }, "schema": { "local": [ "mchx-20210302.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "https://xbrl.sec.gov/exch/2020/exch-2020-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "https://xbrl.sec.gov/sic/2020/sic-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 24, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 3, "total": 3 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 0, "memberStandard": 0, "nsprefix": "mchx", "nsuri": "http://www.marchex.com/20210302", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "mchx-8k_20210302.htm", "contextRef": "C_0001224133_20210302_20210302", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Document and Entity Information", "role": "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "mchx-8k_20210302.htm", "contextRef": "C_0001224133_20210302_20210302", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address Address Line1", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address Address Line2", "terseLabel": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address City Or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address State Or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation State Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre Commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre Commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Security12b Title", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.marchex.com/20210302/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 15 0001564590-21-010287-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-21-010287-xbrl.zip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end