Inuvo Q2 revenue up 9.4% to $18.2M; net loss improves 48% to $1.7M

Inuvo, Inc.

2024-Q2 EPS reported -$0.03 revenue$35,232,782

Net loss per share $0.01, vs $0.03 in Q2 2023; adjusted EBITDA loss improved 62% to $668K.
Gross profit margin 84.0% vs 85.8% YoY; H1 margin improved to 85.8% from 80.5%.
Secured $10M credit line in July 2024; cash $2.0M with $5.0M unused facility and no debt.
July 2024 preliminary revenue $7.7M, above H1 monthly average of ~$5.9M.
H1 2024 revenue $35.2M, up 23.6% YoY; operating expenses $34.0M vs $29.7M.

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