Marchex(MCHX) - 2025 Q1 - Quarterly Report

Revenue Performance - Revenue decreased by $0.2 million, or 2$11.4 million for the three months ended March 31, 2025, compared to $11.6 million for the same period in 2024[72]. Cost and Expenses - Cost of revenue decreased by$0.2 million, or 5%, to $4.2 million for the three months ended March 31, 2025, representing 37$0.5 million, or 18%, to $3.3 million for the three months ended March 31, 2025, accounting for 29$0.5 million, or 16%, to $2.7 million for the three months ended March 31, 2025, representing 24$0.8 million, or 35%, to $3.1 million for the three months ended March 31, 2025, making up 27$13.3 million, or 116% of revenue, for the three months ended March 31, 2025, compared to $12.9 million, or 111$2.6 million during the three months ended March 31, 2025, compared to $2.5 million for the same period in 2024[81]. - Cash and cash equivalents decreased to$10.0 million as of March 31, 2025, down from $12.8 million as of December 31, 2024[80]. - Cash used in investing activities was$0.3 million for the three months ended March 31, 2025, primarily for software development costs for new products[82]. - The company believes its resources will be sufficient to fund operations for at least twelve months, but additional financing may be needed for strategic initiatives[84]. Accounting and Compliance - No significant changes in critical accounting policies and estimates during Q1 2025 compared to the previous year[87]. - The company continues to prepare its financial statements in accordance with U.S. GAAP, focusing on estimates and assumptions that impact reported amounts[86]. - Investors can access financial reports and updates through the company's website and social media channels, ensuring compliance with Regulation Fair Disclosure[89].