Inuvo Q3 revenue flat YoY at $22.6M; net loss narrows to $1.7M but margins drop sharply

Inuvo, Inc.

2025-Q3 EPS reported -$0.31 revenue$71,949,937

Q3 net revenue $22.6M (+1% YoY); net loss improved to $1.7M ($0.12/sh) from $2.0M.
Gross margin fell to 73.4% from 88.4% due to Platform revenue mix shift from new campaign.
CEO cites deliberate ad scale-back in Aug to comply with largest client's new requirements, restraining Q3 growth.
Nine-month revenue up 25% to $71.9M; Q3 adjusted EBITDA loss widened to $0.7M from $0.4M.
Cash $3.4M; $3.4M drawn on $10M working capital facility; 23 new clients onboarded in Q3.

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