---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-002424"
form_type: "8-K"
ticker: "INUV"
cik: "0000829323"
company_name: "Inuvo, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:37:29.672564+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Inuvo Q4 revenue up 21% YoY to $20.8M; gross margin jumps to 87.3%

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-002424
- form_type: 8-K
- ticker: INUV
- cik: 0000829323
- company_name: Inuvo, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/inuvo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-002424
- JSON: https://secwatch.observer/filing/0001654954-24-002424.json
- Plain text: https://secwatch.observer/filing/0001654954-24-002424.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- Earnings Releases
  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
  source text: Revenue increased 21% to $20.8 million in Q4 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- Earnings Releases
  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
  source text: Net revenue for the fourth quarter of 2023 totaled $20.8 million, compared to $17.3 million for the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- Earnings Releases
  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
  source text: Net revenue for the year-ended December 31, 2023 totaled $73.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.