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Marchex, Inc. (NASDAQ:MCHX) Investor Investigation Concerning Potential Securities Laws Violations Announcedover possible Violations of Securities Laws

  • If you purchased shares of Marchex, Inc. (NASDAQ:MCHX), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Marchex, Inc.
Security
NASDAQ: MCHX

Summary

August 14, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Marchex, Inc. (NASDAQ:MCHX) shares over potential securities laws violations by Marchex and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Marchex, Inc. (NASDAQ:MCHX) concerning whether a series of statements by Marchex, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On February 19, 2014, Marchex, Inc. announced its fourth quarter and full year 2013 results. Marchex, Inc. reported that its annual Total Revenue rose from $132.79 million in 2012 to $152.55 million in 2013 and that its Net Loss of $35.20 million in 2012 turned into a Net Income of $1.82 million in 2013.

Shares of Marchex, Inc. (NASDAQ:MCHX) grew from $3.87 per share on April 2013 to as high as $12.47 per share on March 21, 2014.
On March 27, 2014, Marchex, Inc. held a Secondary Offering of its stock, offering 5.714 million shares at $10.50 per share.
On September 18, 2014, Marchex, Inc. (NASDAQ:MCHX) announced it is updating its outlook for the remainder of 2014. Marchex, Inc. said that as a result of revised commitments from Allstate in the fourth quarter, Marchex is lowering its 2014 call-driven revenue outlook.

Marchex, Inc. said that Allstate has indicated its desire to move to a fixed fee model going forward and that under this proposed model, Marchexs economic upside would have been limited, while financial exposure to Marchex would have remained and that Marchex does not believe it is in its best long-term interest to work under such an arrangement.

Shares of Marchex, Inc. (NASDAQ:MCHX) declined to as low as $3.55 per share in November 2014.

On February 25, 2015, Marchex, Inc. reported its fourth quarter 2014 and full year 2014 results. Marchex, Inc. reported that its annual Total Revenue rose from $132.79 million in 2012 to $182.64 million in 2014 while its Net Income of $1.82 million in 2013 turned into a Net loss of $19.09 million in 2014.

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