Market Recap 11-5-14
Marchex reported earnings after the close: The company sold $1.6 million in domain names.
Q3 2014 Financial Highlights1
- GAAP revenue was $49.2 million for the third quarter of 2014, compared to $40.6 million for the third quarter of 2013. Non-GAAP revenue2, which excludes domain sales recorded in revenue, was $47.6 million for the third quarter of 2014.
- GAAP net loss from continuing operations was $21.8 million for the third quarter of 2014, which includes the effect of a non-cash charge to income tax expense of $22.3 million for a valuation allowance on our deferred tax assets, compared to GAAP net income from continuing operations of $598,000 for the third quarter of 2013.
- GAAP net loss from continuing operations attributable to common stockholders per diluted share was $0.53 for the third quarter of 2014. This compares to GAAP net income from continuing operations attributable to common stockholders per diluted share of $0.02 for the third quarter of 2013.
- Adjusted non-GAAP EPS3 from continuing operations for the third quarter of 2014 was $0.06, compared to $0.08 for the third quarter of 2013. Adjusted non-GAAP EPS3 from continuing operations excluding domain gains and sales for the third quarter of 2014 and 2013 were both $0.04.
- Archeo Q3 Business Highlights:
- Revenue. Archeo non-GAAP revenue was $1.2 million for the third quarter of 2014, which excludes domain sales recognized in GAAP revenue.
- Domains sales. During the third quarter of 2014, domain sales yielded $1.6 million.
- During the third quarter of 2014, the company received earn-out consideration as part of the July 2013 pay-per-click asset sale transaction and recognized $278,000 of gain on sale, net of tax, on discontinued operations.
Marchex was up 4.12% after touching its 52 week low of $3.60 and trading as high as $3.93.
Google continues its losing streak down for the third straight day this week to $545.92
United Internet, parent of Sedo and 1&1 was up 1.71% in trading today.
| Minds + Machines | up 2.56% | MMX | London | Close 10.00p |
| Marchex | up 4.12% | MCHX | Nasdaq | Close $3.79 |
| down 1.48% | GOOG | Nasdaq | Close $545.92 | |
| Web.com | up 2.43% | WWWW | Nasdaq | Close $20.25 |
| Rightside | down 1.19% | Name | Nasdaq | Close $9.14 |
| CentralNic | No Trades | CNIC | London | Close 46.60p |
| Tucows | up 0.44% | TCX | Nasdaq | Close $15.94 |
| Verisign | up 0.45% | VRSN | Nasdaq | Close $59.24 |
| Neustar | up 0.11% | NSR | NYSE | Close $26.17 |
| United Internet | up 1.71% | UTDI | German XETRA | Close 31.95 € |
