8-K
filed February 29, 2024, 6:59 PM ET
ticker INUV
CIK 0000829323
earnings
confidence high
sentiment positive
materiality 0.70
Inuvo Q4 revenue up 21% YoY to $20.8M; gross margin jumps to 87.3%
Inuvo, Inc.
2024-FY EPS reported
-$0.08
revenue$73,911,528
- Q4 revenue $20.8M (+21% YoY); full-year revenue $73.9M vs $75.6M in 2022.
- Q4 gross profit $18.2M (+55%); gross margin 87.3% (vs 68.0% YoY) on shift to higher-margin Platform revenue.
- Q4 net loss improved to $2.4M ($0.02/share) from $4.0M ($0.03/share) a year ago; adjusted EBITDA loss $1.2M.
- Full-year net loss $10.4M vs $13.1M; operating expenses rose to $73.8M on go-to-market investment.
- Ended Q4 with $4.4M cash, $5M unused credit facility, and no debt.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.94
Inuvo, Inc. reported Full year 2022 results: revenue $75.6 million, net income -$13.1 million, EPS -$0.11.
- Period
- Full year 2022
- Revenue
- $75.6 million
- Net income
- -$13.1 million
- EPS
- -$0.11
- Result
- reported results
Exact text from the filing
Net revenue for the year-ended December 31, 2023 totaled $73.9 million, a slight decrease as compared to $75.6 million during the same period in 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.96
Inuvo, Inc. reported Q4 2023 results: revenue $20.8 million, net income -$2.4 million, EPS -$0.02.
- Period
- Q4 2023
- Revenue
- $20.8 million
- Net income
- -$2.4 million
- EPS
- -$0.02
- Result
- reported results
Exact text from the filing
Revenue increased 21% to $20.8 million in Q4 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.96
Inuvo, Inc. reported Q4 2023 results: revenue $20.8 million, net income -$2.4 million, EPS -$0.02.
- Period
- Q4 2023
- Revenue
- $20.8 million
- Net income
- -$2.4 million
- EPS
- -$0.02
- Result
- reported results
Exact text from the filing
in the press release. --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 inuvo_ex991.htm PRESS RELEASE inuvo_ex991.htm EXHIBIT 99.1 Inuvo Reports 21% Year-Over-Year Revenue Growth to $20.8 Million for the Fourth Quarter of 2023 Gross profit increased by 55% to $18.2 million for the fourth quarter of 2023 Gross margin for the fourth quarter of 2023 increased to 87.3% from
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.94
Inuvo, Inc. reported Q4 2022 results: revenue $17.3 million, net income -$4.0 million, EPS -$0.03.
- Period
- Q4 2022
- Revenue
- $17.3 million
- Net income
- -$4.0 million
- EPS
- -$0.03
- Result
- reported results
Exact text from the filing
Net revenue for the fourth quarter of 2023 totaled $20.8 million, compared to $17.3 million for the same period last year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Inuvo, Inc. reported Full year 2023 results: revenue $73.9 million, net income -$10.4 million, EPS -$0.08.
- Period
- Full year 2023
- Revenue
- $73.9 million
- Net income
- -$10.4 million
- EPS
- -$0.08
- Result
- reported results
Exact text from the filing
Net revenue for the year-ended December 31, 2023 totaled $73.9 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Inuvo, Inc. reported Full year 2023 results: revenue $73.9 million, net income -$10.4 million, EPS -$0.08.
- Period
- Full year 2023
- Revenue
- $73.9 million
- Net income
- -$10.4 million
- EPS
- -$0.08
- Result
- reported results
Exact text from the filing
of 2023 totaled $20.8 million, compared to $17.3 million for the same period last year, a 21% year-over-year increase. Net revenue for the year-ended December 31, 2023 totaled $73.9 million, a slight decrease as compared to $75.6 million during the same period in 2022. Cost of revenue for the fourth quarter of 2023, totaled $2.6 million compared to $5.5 million for
View on SEC.gov
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