secwatch.observer — SEC 8-K summary
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Issuer:     Inuvo, Inc. (INUV)
CIK:        0000829323
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000829323-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829323/000082932323000008/0000829323-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829323/000082932323000008/inuv-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000829323-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer