Financial Performance - Revenue for Q3 2024 was $22.4 million, representing a 23% sequential increase compared to Q2 2024[2] - Revenue from Agencies & Brands increased by 15% year-over-year, while Platforms revenue decreased by 12%[2] - Net loss for Q3 2024 was $2 million, which included a one-time $600 thousand non-cash impairment charge[2] - Revenue for the nine months ended September 30, 2024, increased by 8.5% to $57.6 million compared to the same period last year[3] - The company forecasts double-digit year-over-year revenue growth for Q4 2024[3] Profitability Metrics - Adjusted EBITDA loss improved by $310 thousand to a loss of $357 thousand in Q3 2024 compared to Q2 2024[2] - Gross profit margin for Q3 2024 was 88.4%, down from 90.7% in the same period last year[7] Financial Position - As of September 30, 2024, Inuvo had $2.6 million in cash and cash equivalents and an unused working capital facility of $10 million[11] - The company secured a $10 million credit line in July 2024[2] EBITDA and Adjusted EBITDA - The company presents EBITDA and Adjusted EBITDA as supplemental performance measures[18] - EBITDA is defined as net loss plus interest expense, income tax expense, depreciation, and amortization[18] - Adjusted EBITDA includes stock-based compensation and certain identified non-recurring expenses[18] - The company encourages evaluation of the adjustments made to EBITDA and Adjusted EBITDA[18] - Future expenses may be incurred that are similar to some adjustments presented[18] - The presentation of EBITDA and Adjusted EBITDA should not imply future results will be unaffected by unusual items[18] Product Development - The company is preparing to launch an update to its self-service IntentKey product, expected to be announced in early Q1 2025[5]

Announces strong start to Q4 2024 and projecting double-digit revenue growth Inuvo management to host conference call today at 8:30 AM EST LITTLE ROCK, Ark., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, today provided a business update, and announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Busines ...

LITTLE ROCK, Ark., Aug. 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 Thursday, August 8, 2024, at 4:15 PM Eastern Time to discuss its financial results and provide a business update for the for the second quarter ended June 30, 2024. Conference Call Details: Date: Thursday, August 8, 2024 Time: 4:15 p.m. Eastern Time Toll-free Dial-in ...

Core Viewpoint - Inuvo, Inc. will host a conference call on August 8, 2024, to discuss its financial results for Q2 2024 and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for Thursday, August 8, 2024, at 4:15 PM Eastern Time [2]. - Toll-free and international dial-in numbers are provided for participants [2]. - A telephone replay will be available until August 22, 2024, with specific instructions for accessing the replay [2]. Group 2: Company Overview - Inuvo, Inc. is a leader in Artificial Intelligence for advertising, offering a proprietary technology called IntentKey AI [3]. - The IntentKey AI solution identifies consumer interests based on their motivations rather than demographics [3].

The Company intends to use the proceeds from the credit facility for general corporate purposes, including working capital, capital expenditures, and potential strategic investments. The credit facility, provided by SLR Digital Finance, provides Inuvo with enhanced liquidity and the financial flexibility to accelerate the adoption of its large language generative artificial intelligence, the only solution of its kind for the discovery and targeting of audiences that does not require the tracking of consumer ...

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 ...

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 ...

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 ...

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 ...

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]