Inuvo reports record Q3 revenue of $24.6M, up 44% YoY; positive adjusted EBITDA

Inuvo, Inc.

2023-Q3 EPS reported -$0.06 revenue$53,069,433

Revenue $24.6M, record quarterly high, up 44% YoY from $17.1M.
Gross profit $22.3M, margin 90.7% vs 60.3% last year; net loss narrowed to $1.2M ($0.01/share).
Adjusted EBITDA turned positive at ~$32k vs loss of $2.6M a year ago; positive free cash flow for 5 months.
Cash $7.0M, working capital $1.7M; $5M facility undrawn; added 12 new clients and released IntentKey v2.0.

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