Inuvo Q1 revenue up 44% to $17.0M; gross margin expands to 87.7%

Inuvo, Inc.

2024-Q1 EPS reported -$0.02 revenue$17,023,777

Revenue $17.0M (+44% YoY); net loss narrowed to $2.1M ($0.02/sh) from $3.4M ($0.03/sh).
Gross profit $14.9M (+72% YoY); gross margin improved to 87.7% from 73.1% on revenue mix shift.
Adjusted EBITDA loss improved 56% to $1.0M from $2.3M loss in prior year.
Launched AI-as-a-service, omnichannel measurement, and access to Netflix ad campaigns programmatically.
Cash $2.4M, $5M unused credit facility, no debt; 139.9M shares outstanding as of Apr 26.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Inuvo, Inc. reported Q1 2024 results: revenue $17.0 million, net income $2.1 million, or $0.02 per basic and diluted share, EPS $0.02 per basic and diluted share.

Period: Q1 2024
Revenue: $17.0 million
Net income: $2.1 million, or $0.02 per basic and diluted share
EPS: $0.02 per basic and diluted share
Result: reported results

Exact text from the filing

Inuvo Reports 44% Year-Over-Year Revenue Growth to $17.0 Million for the First Quarter of 2024

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Inuvo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-005712

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