Inuvo Q4 revenue record $26.2M, net income positive; board appoints new director

Inuvo, Inc.

2024-FY EPS reported -$0.04 revenue$83,793,859

Q4 revenue record $26.2M, up 26% YoY; net income $141k vs loss $2.4M YoY; adjusted EBITDA $1.2M vs loss $1.2M.
Full-year 2024 revenue $83.8M (+13%), net loss narrowed to $5.8M from $10.4M; generated $230k operating cash flow.
Secured Master Services Agreement with one of the largest global retailers; added 33 new agencies/brands.
Board member Charles Morgan retired; replaced by Rob Buchner, former CEO of Campbell Mithun and CMO at Covet.
Cash $2.5M, no debt, $10M credit line undrawn; shares outstanding 142.8M as of Feb 21, 2025.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Rob Buchner

Class III member of the Board of Directors

INUV · Inuvo, Inc.

Effective: 2025-02-27
Filed: February 27, 2025, 6:59 PM ET

On February 27, 2025, the Board of Directors filled the vacancy created by Mr. Morgan’s retirement by appointing Rob Buchner as a Class III member of the Board of Directors.

Departed

Charles Morgan

Class III member of the Board of Directors; Lead Independent Director; Chairman of the Nominating and Corporate Governance Committee; member of the Audit Committee

INUV · Inuvo, Inc.

Effective: 2025-02-27
Successor: Rob Buchner
Filed: February 27, 2025, 6:59 PM ET

On February 27, 2025, Charles Morgan notified the Company of his retirement, effective immediately, from his position as a Class III member of the Company’s Board of Directors and from his positions as Lead Independent Director, Chairman of the Nominating and Corporate Governance Committee and member of the Audit Committee.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rob Buchner was appointed as Class III member of the Board of Directors at Inuvo, Inc..

Action: appointed
Role: Class III member of the Board of Directors

Exact text from the filing

On February 27, 2025, the Board of Directors filled the vacancy created by Mr. Morgan’s retirement by appointing Rob Buchner as a Class III member of the Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles Morgan retired as Class III member of the Board of Directors; Lead Independent Director; Chairman of the Nominating and Corporate Governance Committee; member of the Audit Committee at Inuvo, Inc..

Action: retired
Role: Class III member of the Board of Directors; Lead Independent Director; Chairman of the Nominating and Corporate Governance Committee; member of the Audit Committee

Exact text from the filing

On February 27, 2025, Charles Morgan notified the Company of his retirement, effective immediately, from his position as a Class III member of the Company’s Board of Directors and from his positions as Lead Independent Director, Chairman of the Nominating and Corporate Governance Committee and member of the Audit Committee.

View on SEC.gov

Inuvo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-25-002034

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