Inuvo(INUV)

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Inuvo Comments on Google's Updated Plans for Third-Party Cookies
Newsfilter· 2024-07-24 12:31
LITTLE ROCK, Ark., July 24, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE:INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, provides its views on the recently announced Google decision related to the Privacy Sandbox and their deprecation of thirdparty cookies within Chrome browsers. Mr. Howe continued, "The IntentKey technology is the next evolution in digital advertising, putting the power of Inuvo's proprietary audience discove ...
Inuvo Comments on Google's Updated Plans for Third-Party Cookies
GlobeNewswire News Room· 2024-07-24 12:31
In a message posted to their blog on July 22nd, Google provided an update to their development plans associated with the Privacy Sandbox, the replacement targeting technology to the third-party cookie within the Chrome browser. While short on details, the blog made several important statements which are telling of the future. Google stated clearly that they expected the Privacy Sandbox to continue improving, which strongly suggests they plan to continue investing in this alternative approach. Google further ...
Inuvo CEO to Participate in Fireside Chat at the Maxim Group TMT Conference on June 5, 2024
Newsfilter· 2024-05-31 12:30
LITTLE ROCK, Ark., May 31, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE:INUV), a leading provider of marketing technology, powered by artificial intelligence (AI) that serves brands and agencies, today announced that it will participate in the upcoming Maxim Group Virtual TMT Conference. Richard Howe, CEO of Inuvo will participate in a fireside chat on Wednesday, June 5, 2024, at 10:00 a.m. ET with Maxim's Senior Research Analyst, Jack Vander Aarde. The fireside chat will be available for webcast by registeri ...
Inuvo(INUV) - 2024 Q1 - Quarterly Report
2024-05-07 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 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 INUVO, INC. (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Rock, AR 72201 (Addr ...
Inuvo(INUV) - 2024 Q1 - Quarterly Results
2024-05-07 21:07
Financial Performance - Inuvo reported a 44% year-over-year revenue growth, reaching $17.0 million for Q1 2024, compared to $11.8 million in Q1 2023[4] - Gross profit increased by 72% to $14.9 million in Q1 2024, with a gross margin of approximately 87.7%, up from 73.1% in the same period last year[6] - Adjusted EBITDA improved by 56%, resulting in a loss of $1.0 million in Q1 2024, compared to a loss of $2.3 million in Q1 2023[11] - The net loss for Q1 2024 was $2.1 million, or $0.02 per share, an improvement from a net loss of $3.4 million, or $0.03 per share, in Q1 2023[10] - Operating expenses rose to $17.0 million in Q1 2024, up from $12.1 million in Q1 2023, primarily due to increased marketing costs[8] Product and Technology Developments - Inuvo launched an innovative omnichannel measurement solution that predicts performance without user identification[7] - The company announced the capability to deliver and measure Netflix ad campaigns across programmatic channels[7] - Inuvo's proprietary AI solution, IntentKey, continues to provide a competitive advantage in identifying consumer interests without relying on personal identification[3] - The company reaffirmed its technology's ability to operate in a cookieless future, adapting to privacy changes from Google[7] Cash Position - Inuvo's cash and cash equivalents stood at $2.4 million as of March 31, 2024, with an unused working capital facility of $5.0 million and no debt[12]
Inuvo to Host First Quarter 2024 Financial Results Conference Call on Tuesday, May 7th at 4:15 P.M. ET
Newsfilter· 2024-05-01 12:30
LITTLE ROCK, Ark., May 01, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE:INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, will host a conference call on Tuesday, May 7, 2024, at 4:15 P.M. Eastern Time to discuss its financial results and provide a business update for the for the first quarter ended March 31, 2024. Conference Call Details: Date: Tuesday, May 7, 2024Time: 4:15 P.M. Eastern Time Toll-free Dial-in Number: 1-800-717- ...
Inuvo to Host First Quarter 2024 Financial Results Conference Call on Tuesday, May 7th at 4:15 P.M. ET
Globenewswire· 2024-05-01 12:30
LITTLE ROCK, Ark., May 01, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, will host a conference call on Tuesday, May 7, 2024, at 4:15 P.M. Eastern Time to discuss its financial results and provide a business update for the for the first quarter ended March 31, 2024. Conference Call Details: Date: Tuesday, May 7, 2024Time: 4:15 P.M. Eastern Time Toll-free Dial-in Number: ...
Inuvo Announces Enhancements to its Audience Discovery Portal
Newsfilter· 2024-04-30 12:30
LITTLE ROCK, Ark., April 30, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE:INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, today announces a significant enhancement to its Audience Discovery Portal, the latest version of a first-of-its-kind intelligence capable of instantly generating marketing audience insights. Powered by IntentKey AI, a proprietary large language model designed specifically to find and target audiences witho ...
3 AI Penny Stocks With Massive Growth Potential: April Edition
InvestorPlace· 2024-04-24 17:30
Artificial intelligence is a big business and it will likely get bigger, possibly boding well for AI penny stocks. While extremely speculative, these ideas present enormous upside potential. They could be ideal for those who can stomach extreme volatility.Now, let me just be straightforward. AI penny stocks are akin to knife fights. When you take Krav Maga lessons, your instructor will tell you to avoid confrontations involving knives, if possible. That’s because chances are, you’ll get cut, even if you suc ...
Inuvo(INUV) - 2023 Q4 - Annual Results
2024-02-29 22:03
Financial Performance - Revenue increased by 21% year-over-year to $20.8 million in Q4 2023[5] - Gross profit rose by 55% to $18.2 million in Q4 2023, with a gross margin of 87.3% compared to 68.0% in Q4 2022[3][8] - Net revenue for the full year 2023 totaled $73.9 million, a slight decrease from $75.6 million in 2022[5] - Cost of revenue decreased significantly to $2.6 million in Q4 2023 from $5.5 million in Q4 2022[6] - Net loss for Q4 2023 improved to $2.4 million, or $0.02 per share, compared to a net loss of $4.0 million, or $0.03 per share, in Q4 2022[11] - Adjusted EBITDA loss improved by $600 thousand in Q4 2023 compared to the same period last year[6][12] - EBITDA for Q4 2023 was $(1.74) million, compared to $(3.29) million in Q4 2022, indicating a 47.1% reduction in losses[24] - Adjusted EBITDA for Q4 2023 was $(1.22) million, an improvement from $(1.82) million in Q4 2022, reflecting a 32.7% decrease in losses[24] Operating Expenses - Operating expenses for Q4 2023 totaled $20.6 million, up from $15.7 million in Q4 2022[9] - Total depreciation for the year 2023 was $1.67 million, up from $1.53 million in 2022, marking an increase of 9.3%[24] - Stock-based compensation for the year 2023 was $1.99 million, down from $2.35 million in 2022, a decrease of 15.5%[24] - Interest expense for the year 2023 was $29.57 million, an increase from $21.11 million in 2022, reflecting a 40.1% rise[24] Cash and Debt Position - As of December 31, 2023, the company had $4.4 million in cash and cash equivalents and no debt[13] Product Development and Market Outlook - The company introduced two new higher-margin products in 2023[6] - The sales pipeline is robust, with a promising outlook for 2024 due to advancements in AI capabilities[4] Non-Recurring Items and Adjustments - The company recorded a non-recurring expense of $1.37 million related to fraudulent media in the previous year[24] - Unrealized loss on marketable securities for the year 2023 was $14.67 million, a significant decrease from $435.55 million in 2022[24] - Doubtful account reserve for the year 2023 was $361.10 million, down from $1.24 million in 2022, indicating a 70.9% reduction[24] - The company emphasizes that future results may still be affected by unusual or non-recurring items despite the adjustments made in EBITDA and Adjusted EBITDA[26]