Inuvo Q3 revenue $22.4M, up 23% sequentially; projects double-digit Q4 growth

Inuvo, Inc.

2024-Q3 EPS reported -$0.04 revenue$57,603,935

Revenue $22.4M (up 23% QoQ, down 9% YoY); net loss $2.0M including $0.6M impairment.
Adjusted EBITDA loss $357K, improved $310K QoQ; gross margin 88.4%.
Secured $10M credit line in July; cash $2.6M, no debt at Sept 30, 2024.
Strong Q4 start; forecasting double-digit YoY revenue growth for the quarter.
New retail client closed; IntentKey self-service product update expected Q1 2025.

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