secwatch.observer — SEC 8-K summary
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Issuer:     Inuvo, Inc. (INUV)
CIK:        0000829323
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001654954-24-002424
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/0001654954-24-002424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829323/000165495424002424/inuvo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-002424

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