Inuvo(US:INUV)2025-11-06 22:00Revenue Performance - Net revenue for Q3 2025 was $22.6 million, a 1% increase from $22.4 million in Q3 2024[4] - Year-to-date revenue for the first nine months of 2025 increased by 25% to $71.9 million from $57.6 million in the same period of 2024[7] Profitability - Gross profit for Q3 2025 decreased by 15% to $16.6 million, resulting in a gross margin of 73.4%, down from 88.4% in Q3 2024[5] - The net loss for Q3 2025 narrowed to $1.7 million, or $0.12 per share, compared to a net loss of $2 million, or $0.15 per share, in Q3 2024[6] - Adjusted EBITDA for Q3 2025 was a loss of $0.7 million, compared to a loss of $0.4 million in the same period last year[9] Operating Expenses - Operating expenses in Q3 2025 were $18.2 million, a decline of 16% from $21.7 million in the prior-year period[7] - Marketing costs decreased to $13.4 million in Q3 2025 from $17.0 million in Q3 2024, reflecting lower revenue from the largest Platform client[8] Client Acquisition - The company onboarded 23 new clients in Q3 2025, contributing to a total of 65 new clients in the first nine months of 2025[7] Financial Position - As of September 30, 2025, the company had $3.4 million in cash and cash equivalents and access to a $10.0 million working capital facility[9] Future Outlook - The company expects to drive sustainable long-term scalable growth despite Q3 performance being less than anticipated due to compliance adjustments[3]