Welcome to our dedicated page for Inuvo news (Ticker: $INUV), a resource for investors and traders seeking the latest updates and insights on Inuvo stock.
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Inuvo, Inc. reported a 44% year-over-year revenue growth to $17.0 million in the first quarter of 2024. Gross profit also increased by 72% to $14.9 million. The company launched various innovative solutions to enhance its marketing technology services powered by AI. Operating expenses rose due to higher marketing costs, resulting in a net loss of $2.1 million for the quarter. Inuvo had $2.4 million in cash and cash equivalents with no debt as of March 31, 2024.
Inuvo, Inc. (NYSE American: INUV) will host a conference call on May 7, 2024, at 4:15 P.M. ET to discuss its financial results for the first quarter of 2024. The company provides an AI advertiser solution for brands and agencies.
Inuvo, Inc. announces enhancements to its Audience Discovery Portal, powered by IntentKey AI, allowing for the association of products with trending events. The portal now offers real-time concept mapping, enabling advertisers to target audiences based on current trends. Rich Howe, CEO of Inuvo, highlights the benefits for advertisers in reaching relevant audiences at the right time.