Business Context and Reporting Period
Company: Marchex, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 29, 2018
Reporting Period: Second Quarter ending June 30, 2018
This filing serves as a Regulation FD disclosure to announce updated revenue guidance and reiterate previously issued guidance for income (loss) from operations, Adjusted OIBA, and Adjusted EBITDA for the second quarter of 2018.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) containing the updated guidance figures but does not include the data within the body of this 8-K document.
Material Changes
- Revenue Guidance: Updated from the guidance previously reported in the Form 8-K dated May 3, 2018.
- Other Metrics: Guidance for income (loss) from operations, Adjusted OIBA, and Adjusted EBITDA remains unchanged from the May 3, 2018 report.
Guidance, Outlook, and Risks
Management Commentary: The company is utilizing non-GAAP financial measures (Adjusted OIBA and Adjusted EBITDA) in its guidance. Reconciliations to GAAP measures are available on the company's Investor Relations website.
Risks and Contingencies: The filing includes a Safe Harbor Disclosure stating that forward-looking statements involve substantial risks and uncertainties. Actual results may differ materially due to factors discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2017. The company undertakes no obligation to update these statements.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 29, 2018) for the specific updated revenue guidance figures.
- Compare the new revenue guidance against the May 3, 2018 guidance to quantify the change.
- Access the company's Investor Relations website to view reconciliations of non-GAAP measures (Adjusted OIBA and Adjusted EBITDA) to GAAP measures.
- Consult the Form 10-K for the year ended December 31, 2017, for a detailed list of risk factors affecting future performance.