Inuvo revenue up 26% to $75.6M in 2022 but net loss widens to $13.1M

Inuvo, Inc.

Q4 revenue $17.3M (down 12% YoY); net loss $4.0M vs $1.2M loss a year ago.
Full-year net loss $13.1M ($0.11 per share) vs $7.6M ($0.06) in 2021.
Adjusted EBITDA loss $5.0M in 2022 vs $1.9M loss; Q4 loss $1.8M.
Gross margin for Q4 improved to 68.0% from 57.1%, but full-year margin fell to 60.0%.
Cash $4.5M, no debt, $5M unused working capital facility; 120M shares outstanding.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Inuvo, Inc. reported the fourth quarter and full year ended December 31, 2022 results: net income Net loss for the full year ended December 31, 2022 totaled $13.1 million, EPS $0.11 per basic and diluted share.

Period: the fourth quarter and full year ended December 31, 2022
Net income: Net loss for the full year ended December 31, 2022 totaled $13.1 million
EPS: $0.11 per basic and diluted share
Result: reported results

Exact text from the filing

Net revenue for the full year ended December 31, 2022 totaled $75.6 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: the fourth quarter and full year ended December 31, 2022
Net income: Net loss for the full year ended December 31, 2022 totaled $13.1 million
EPS: $0.11 per basic and diluted share
Result: reported results

Exact text from the filing

Net loss for the full year ended December 31, 2022 totaled $13.1 million, or $0.11 per basic and diluted share

View on SEC.gov

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

Inuvo, Inc. filing history →

Source: SEC EDGAR

accession 0000829323-23-000008

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