Inuvo(US:INUV)2025-05-09 12:33Financial Performance - Record Q1 2025 revenue of $26.7 million, representing a 57% increase from $17.0 million in Q1 2024[3] - Gross profit for Q1 2025 was $21.1 million, a 41% increase compared to $14.9 million in Q1 2024, with a gross profit margin of 79%[5] - Net loss for Q1 2025 was $1.3 million, or $0.01 per share, compared to a net loss of $2.1 million, or $0.02 per share, in Q1 2024[11] - Adjusted EBITDA loss was approximately $22 thousand in Q1 2025, significantly improved from a loss of $1.0 million in Q1 2024[11] - The company reported a gross profit margin decrease from 87.7% in Q1 2024 to 79% in Q1 2025 due to changes in product mix[5] Operating Expenses - Operating expenses totaled $22.9 million in Q1 2025, up from $17 million in the same period last year, driven by increased marketing costs and compensation[6] Revenue Drivers - Revenue growth was driven by a 61% increase in Platforms and a 31% increase in Agencies & Brands[3] New Initiatives - The company launched the enhanced IntentKey Self-Serve Platform, adding 20 new clients and introducing zip code-level audience insights[9] Cash Position - Cash and cash equivalents as of March 31, 2025, were $2.6 million, with an unused working capital facility of $10.0 million and no debt[12] Other Income - Other income for Q1 2025 was approximately $541 thousand, including a $610 thousand payment from the IRS related to an employee retention credit[10]