Update on Marchex: Debt-Free, Even After Special Dividend and Buyback

This article is excerpted from a letter by MOI Global instructor Jim Roumell, partner and portfolio manager of Roumell Asset Management (RAM), based in Chevy Chase, Maryland. Jim is a valued participant in The Zurich Project.

MCHX reported a quarter that continued to underscore its intent to be the dominant player in call analytics. Revenue came in at $20 million, down from $22 million in the same quarter last year (in line with company guidance), as a result of its declining legacy marketplace business. The company added 8 new clients in multiple verticals including auto, health and home services. MCHX is leveraging its declining marketplace business into a company focused on call analytics, with A.I. capabilities.

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