Marchex Reports & Archeo Sells 262 Domains For 1.6 Million In 4th Quarter of 2013

Marchex, Inc. (NASDAQ:MCHX), today announced its financial results for the fourth quarter and full year ended December 31, 2013.

Archeo Q4 Business Highlights:

• Revenue. Archeo non-GAAP revenue was $3.7 million for the fourth quarter of 2013, which excludes domain sales recognized in GAAP revenue.

• Domains sales. During the fourth quarter of 2013, Archeo sold a total of 262 domain names that yielded $1.6 million.

To save you the math, that is just over $6,100 per domain name which is well below the average price the company sold its domains in the third quarter of 2013.

In the third quarter of 2013, Marchex reported that itsd Archeo division sold only 81 domain names for $1.8 Million dollars for an average of over $23,500 per domain.

Marchex Q4 2013 Financial Highlights:

• GAAP revenue was $39.7 million for the fourth quarter of 2013, compared to $32.4 million for the fourth quarter of 2012.

• GAAP net income from continuing operations was $597,000 for the fourth quarter of 2013, compared to a GAAP net loss from continuing operations of $33.5 million for the fourth quarter of 2012.

• GAAP net income from continuing operations attributable to common stockholders per diluted share was $0.02 for the fourth quarter of 2013. This compares to GAAP net loss from continuing operations attributable to common stockholders per diluted share of $1.00 for the fourth quarter of 2012.

Full Year 2013 Consolidated Financial Results

• GAAP revenue was $152.6 million for 2013, compared to $132.8 million for 2012. Non-GAAP revenue², which excludes domain sales recorded in GAAP revenue, was $150.1 million for 2013.

• GAAP net income from continuing operations applicable to common stockholders was $957,000 or $0.03 per diluted share for 2013. This compares to GAAP net loss from continuing operations applicable to common stockholders of $34.3 million or $1.03 per diluted share in 2012.

Marchex Q4 and Recent Call-Driven Business Highlights:

• Revenue. Call-Driven and other related revenue was $34.5 million for the fourth quarter of 2013 – a 21 percent increase compared to $28.5 million for the fourth quarter of 2012.