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Inuvo, Inc. Announces Charles D. Morgan's Retirement; Rob Buchner Joins Board
Globenewswire· 2025-02-28 13:30
Core Viewpoint - Inuvo, Inc. announces the retirement of Charles D. Morgan from its Board of Directors and the appointment of Rob Buchner as a new Class III Director, highlighting the company's ongoing leadership changes and commitment to innovation in AI-driven advertising solutions [1][2]. Group 1: Leadership Changes - Charles D. Morgan has retired from the Board effective February 27, 2025, after serving since 2009 and remaining a significant investor in the company [1]. - Rob Buchner has been appointed as a Class III Director to fill the vacancy left by Mr. Morgan, effective February 27, 2025 [1]. Group 2: Leadership Insights - Richard Howe, Chairman and CEO, praised Mr. Morgan as a visionary leader whose experience has been crucial in shaping Inuvo's success [2]. - Mr. Morgan expressed confidence in Inuvo's generative AI technology, likening its potential impact on marketing to that of Acxiom's consumer data [2]. - Rob Buchner brings extensive leadership experience from prominent agencies, including Campbell Mithun and Fallon Worldwide, and is expected to contribute significantly to Inuvo's growth [2]. Group 3: Company Overview - Inuvo, Inc. is a leader in Artificial Intelligence for advertising, with its proprietary IntentKey AI solution designed to understand consumer interests rather than demographics [3].
Inuvo(INUV) - 2024 Q4 - Earnings Call Transcript
2025-02-28 02:00
Inuvo, Inc (NYSE:INUV) Q4 2024 Earnings Conference Call February 27, 2025 4:15 PM ET Company Participants Natalya Rudman - Crescendo Communications Richard Howe - Chief Executive Officer Wally Ruiz - Chief Financial Officer Conference Call Participants Brian Kinstlinger - AGP Jack Vander Aarde - The Maxim Group Jon Hickman - Ladenburg Operator Good day, ladies and gentlemen, and welcome to the Inuvo, Inc. Fourth Quarter 2024 Conference Call. At this time, all lines are in listen-only mode. Following the pre ...
Inuvo(INUV) - 2024 Q4 - Earnings Call Transcript
2025-02-28 07:54
Inuvo (INUV) Q4 2024 Earnings Call February 28, 2025 03:54 AM ET Company Participants Natalya Rudman - Crescendo CommunicationsRichard Howe - CEOWallace Ruiz - CFOBrian Kinstlinger - Director of Research, Managing Director, Head of Technology ResearchJon Hickman - Managing Director Conference Call Participants Jack Vander Aarde - SVP, Senior Research Analyst Operator Good day, ladies and gentlemen, and welcome to the Inuvo Inc. Fourth Quarter twenty twenty four Conference Call. At this time, all lines are i ...
Inuvo(INUV) - 2024 Q4 - Annual Results
2025-02-27 22:11
Financial Performance - Inuvo, Inc. announced preliminary revenue for Q4 2024, details to be provided in the press release[5] - The report is filed under Item 2.02 of the Securities Exchange Act of 1934, indicating the financial condition and results of operations[6] - The press release regarding Q4 2024 preliminary revenue is included as Exhibit 99.1[9]
Inuvo(INUV) - 2024 Q4 - Annual Report
2025-02-27 22:06
(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________________ Commission file number: 001-32442 Registrant's telephone number, including area code (501) 205-8508 Securities register ...
Inuvo Reports Record Fourth Quarter 2024 Revenue of $26.2 Million, 26% Year-Over-Year Growth and Net Income
Globenewswire· 2025-02-27 21:05
Core Insights - Inuvo, Inc. reported a record-breaking fourth quarter in 2024 with a revenue of $26.2 million, representing a 26% year-over-year growth, contributing to a full-year revenue increase of 13% to $83.8 million [2][3][6] Financial Performance - Q4 2024 net income was $141 thousand, a significant improvement from a net loss of $2.4 million in Q4 2023 [6][10] - Adjusted EBITDA for Q4 2024 was $1.2 million, compared to a loss of $1.2 million in the same quarter last year [6][11] - Full-year net loss decreased by 45% to $5.8 million from a loss of $10.4 million in 2023 [6][10] Revenue and Cost Analysis - Cost of revenue for Q4 2024 was $4.4 million, up from $2.6 million in Q4 2023, driven by higher revenue from Platform clients [4] - Gross profit for Q4 2024 was $21.8 million, a 20% increase from $18.2 million in Q4 2023, with gross profit margins of approximately 83.1% [5][6] Operational Highlights - Inuvo made significant technological advancements in 2024, particularly with the IntentKey Self-Serve Platform, enhancing advertising capabilities [2] - The company secured a Master Services Agreement with a major global retailer and signed 33 new agencies/brands during the year [6] Liquidity and Capital Resources - As of December 31, 2024, Inuvo had $2.5 million in cash and cash equivalents, an unused working capital facility of $10 million, and no debt [12]
Inuvo to Host Fourth Quarter and Year End 2024 Financial Results Conference Call on Thursday, February 27th at 4:15 P.M. EST
Newsfilter· 2025-02-19 13:30
Core Viewpoint - Inuvo, Inc. will host a conference call on February 27, 2025, to discuss its financial results and provide a business update for the fourth quarter and year-end 2024 [1]. Group 1: Conference Call Details - The conference call is scheduled for Thursday, February 27, 2025, at 4:15 PM Eastern Standard Time [2]. - The toll-free dial-in number for the call is 1-800-717-1738, and the international dial-in number is 1-646-307-1865 [2]. - A telephone replay will be available until March 13, 2025, with specific numbers provided for domestic and international access [2]. Group 2: Company Overview - Inuvo, Inc. is a market leader in Artificial Intelligence for advertising, with its proprietary IntentKey AI solution designed to understand consumer interests rather than demographics [3].
Inuvo Launches Self-Serve IntentKey Platform: A Revolutionary Interface for AI-Powered Audience Modeling
Globenewswire· 2025-02-12 13:00
Core Insights - Inuvo, Inc. has launched the IntentKey Platform, an AI-driven solution for audience modeling that addresses modern advertising challenges such as privacy regulations and signal loss [1][2][4] - The advertising technology market is valued at over $200 billion and is expected to grow, providing Inuvo with opportunities to capture market share with its unique AI technology [2][4] Company Overview - Inuvo, Inc. is a leader in AI for advertising, with its proprietary IntentKey AI technology designed to understand consumer interests without relying on personal data [8] - The company emphasizes ethical design and privacy compliance in its advertising solutions [4][8] Product Features - The IntentKey Platform offers real-time audience insights, dynamic modeling, and flexible activation options for marketers [3][5] - Key features include instant audience model creation, real-time updates every five minutes, and enhanced audience insights such as demographics and sentiment analysis [5][6] Market Positioning - The platform is positioned to outperform traditional behavioral targeting solutions, providing better advertising performance in a cookie-less environment [2][4] - Inuvo's approach allows marketers to adapt to the changing landscape of advertising while maintaining compliance with privacy regulations [3][4] Use Cases and Success Stories - James & James, a premium furniture brand, improved media efficiency and audience precision using the IntentKey Platform [6] - Emerald Ebikes demonstrated the effectiveness of the platform by driving sales without additional targeting data [6]
Inuvo Reports Unaudited Preliminary Fourth Quarter 2024 Record Revenue of $26 Million, Achieving 26% Year-Over-Year Growth
Newsfilter· 2025-01-21 12:51
Core Viewpoint - Inuvo, Inc. is projecting a record revenue of approximately $26 million for Q4 2024, representing a 26% year-over-year increase from $20.8 million in Q4 2023, driven by its generative AI advertising solutions [2][3]. Financial Performance - The projected revenue for Q4 2024 is expected to be $26 million, marking a 26% increase compared to the previous year's $20.8 million [2]. - This growth would establish a new record as the highest quarterly revenue in the company's history [2]. Management Commentary - CEO Richard Howe expressed confidence in achieving a double-digit revenue increase and near breakeven adjusted EBITDA for Q4 2024, reflecting optimism shared during the third quarter conference call [3]. - The company plans to provide further details about its strong fourth quarter and 2025 plans during an earnings conference call scheduled for February 27, 2025 [3]. Technology and Innovation - Inuvo's IntentKey® is highlighted as the first large-language generative AI capable of identifying and targeting audiences without relying on consumer data, tracking, or cookies, thus outperforming competitors [3]. - This technology empowers marketers through audience discovery and targeting, available as both managed and self-service options [3]. Company Overview - Inuvo, Inc. is recognized as a market leader in artificial intelligence tailored for advertising, with its proprietary IntentKey AI solution designed to understand consumer interests rather than their identities [5].
Inuvo Reports Unaudited Preliminary Fourth Quarter 2024 Record Revenue of $26 Million, Achieving 26% Year-Over-Year Growth
Globenewswire· 2025-01-21 12:51
Core Viewpoint - Inuvo, Inc. is projecting a record revenue of approximately $26 million for Q4 2024, representing a 26% year-over-year increase from $20.8 million in Q4 2023, marking the highest quarterly revenue in the company's history [2]. Financial Performance - The anticipated revenue growth for Q4 2024 is expected to set a new record for the company [2]. - The CEO of Inuvo, Richard Howe, indicated that the company had anticipated a double-digit increase in revenue for the fourth quarter and a near breakeven adjusted EBITDA [3]. Product and Technology - Inuvo's IntentKey® is highlighted as the first large-language generative AI that can identify and target audiences without relying on consumer data, tracking, or cookies, outperforming competitors [3]. - The technology is designed to empower marketers through audience discovery and targeting, available as both a managed service and self-service [3]. Upcoming Events - Inuvo plans to provide more details about its strong fourth quarter and its plans for 2025 during an earnings conference call scheduled for February 27, 2025 [3].