Seattle mobile advertising company Marchex today beat expectations with a revenue of $49.7 million during the second quarter.
The company also posted net income of $947,000 last quarter, which fell just short of Wall Street’s expectations but was up from a $354,000 loss in the year-ago quarter. The $49.7 million in revenue was up from $37.6 million at this time last year, but down from $50.5 million in Q1 2014.
“Our ability to deliver strong returns for our customers through our call advertising products drove another record during the second quarter,” Russell Horowitz, Chairman and CEO of Marchex, said in a statement. .
Marchex, which raised $32.5 million as part of its secondary offering in April, expects call-driven revenue of $178 million in 2014, and more than $46 million in the third quarter. The company’s stock, which is up 75 percent in the last 12 months, was up more than 5 percent in after-hours trading Tuesday.
Here’s a closer look at the Q2 financials: