SeekingAlpha.com just covered Marchex and noted even though shares were down 45% last week and is down over 66% since July since July its still overvalued. The post was written by Ariana Research: "On September 18th, 2014, Marchex Inc. (NASDAQ:MCHX) ("Marchex", "MCHX", or the "Company") released an 8K, which subsequently resulted in a decline in the equity value of ~45% for the day, or ~66% … [Read more...]
Marchex Reports: Archeo Sells $2.2 Million In Domains, But Other Revenue From Domains Dives
Marchex, Inc. (MCHX), reported its financial results for the second quarter ended June 30, 2014. The good news on the domain front is that Marchex's Archeo division sold some $2.2 Million in domain names in the quarter (although the financials indicate this number to be $2.3 some verbiage below says its $2.2 in sales) compared to $1.3 Million for the same quarter last year. The bad news is … [Read more...]
Marchex Sold $60M In Additional Stock This Week
Marchex (MCHX) sold and additional 5,714,000 shares of Class B stock at $10.50 a share. About half of the shares were sold by the company and the other half were sold by shareholders. As for the $30 Million that Marchex is keeping it "intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions or licenses of, or investments in, … [Read more...]
Marchex’s Archeo Clarifies 4th Q Sales
Last week we reported on Marchex earnings which included its Archeo division sold a total of 262 domain names in the 4th Quarter that yielded $1.6 million. At the time we noted that the average sales price of domain names in 4Q was just over $6,100 per domain name which was well below the average price the company sold its domains in the third quarter of 2013. Today we received … [Read more...]
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 … [Read more...]
Marchex Announces ArcheoDomains.com Adds “Buy It Now” Feature To 30K Domains
ArcheoDomains.com announced that they added “Buy Now” functionality to the ArcheoDomains.com marketplace. More than 30,000 domains are now competitively priced under $10,000 and available for immediate purchase. Focused on our Geo-specific names, some examples include NewYorkDoctor.com, ManhattanPubs.com, CarolinaOnline.com, ArizonaColleges.com, AustinLawyers.com, GeorgiaHouses.com, … [Read more...]
Marchex Proposes To Offer $50 Million More In Shares & Allow Insiders To Sell Up To 15% of Holdings
According to a 8-K form filed by Marchex, Inc. ("Marchex") with the Securities and Exchange Commission (the "SEC") the company may sell up to $50 million of its Class B common stock, at prices and on terms that Marchex will decide at the time of any offering. In addition, under the shelf registration, certain of Marchex's stockholders may offer for resale to the public from time to time in one … [Read more...]