Street Calls of the Week
SEATTLE - Marchex, Inc. (NASDAQ:MCHX), a conversational intelligence company with a market capitalization of $85 million, announced Tuesday that CEO Edwin Miller is stepping down from his role to serve as a senior advisor to the Chairman.
The company also revealed several leadership changes, with Troy Hartless, Chief Revenue Officer, taking on the additional role of President. Francis Feeney, Chief Corporate and Legal Affairs Officer, has been appointed Chief Operating Officer, while Brian Nagle, Senior Vice President and Controller, has been named Chief Financial Officer. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 2.42.
Russell Horowitz, Chairman of Marchex, acknowledged Miller’s contributions since joining in February 2023, noting the company’s "substantial progress" during his tenure. Miller led the company’s ’OneStack’ initiative, which focused on business alignment and organizational unification.
"Marchex is well positioned for future growth, with innovative AI driven product offerings and increasing operating and cost efficiencies, and it is the right time for me to seek my next challenge," Miller said in the press release statement.
The company also affirmed that its financial results for the third quarter of 2025 are expected to remain within the range provided in its second quarter 2025 earnings release. Based on InvestingPro analysis, which shows the stock trading above its Fair Value, analysts maintain a strong buy recommendation with a $4 price target. Get access to 6 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
Marchex specializes in AI and conversational intelligence solutions that provide insights and analytics for businesses across various communication channels. The company serves clients in B2B2C vertical markets, including several major brands.
The announcement comes as Marchex continues to expand its AI products and capabilities, which the company states are driving an increasing sales pipeline and positioning it to expand customer penetration and addressable market.
In other recent news, Marchex Inc. announced its financial results for the second quarter of 2025. The company reported earnings per share of $0.02, which exceeded analysts’ expectations of a loss of $0.01. However, Marchex’s revenue did not meet projections, coming in at $11.7 million compared to the anticipated $12.44 million. Despite the mixed financial results, Marchex’s stock price remained stable. There were no significant changes in stock recommendations or analyst upgrades and downgrades following the earnings announcement. These developments highlight the company’s ongoing financial performance and market position. Investors may want to keep an eye on future earnings reports for a clearer picture of Marchex’s financial trajectory.
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