secwatch.observer — SEC 8-K summary
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Issuer:     Inuvo, Inc. (INUV)
CIK:        0000829323
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001654954-24-005712
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829323/000165495424005712/0001654954-24-005712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829323/000165495424005712/inuvo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-005712

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer