Inuvo Q3 revenue $17.1M (+1% YoY); net loss widens to $3.8M

Inuvo, Inc.

2022-Q3 EPS reported -$0.08 revenue$58,332,859

Net revenue $17.1M, +1% YoY; net loss $3.8M ($0.03/share) vs $1.8M loss a year ago.
Adjusted EBITDA loss of $2.6M vs $338K loss in Q3 2021.
IntentKey platform revenue up 12% YoY; ValidClick down 3%.
Cash and marketable securities $7.7M, no debt; working capital $5.9M.
Gross margin fell to 60% from 78% as IntentKey became larger revenue share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Inuvo, Inc. reported the third quarter ended September 30, 2022 results: revenue $17.1 million.

Period: the third quarter ended September 30, 2022
Revenue: $17.1 million
Result: reported results

Exact text from the filing

Net revenue for the third quarter ended September 30, 2022 totaled $17.1 million, an increase of 1% as compared to $16.8 million for the same period last year.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Inuvo, Inc. filing history →

Source: SEC EDGAR

accession 0000829323-22-000049

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