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.
Inuvo, Inc. (NYSE American: INUV) is a pioneering advertising technology company that offers innovative solutions for both advertisers and publishers. The company's core focus is on developing and selling technologies that deliver targeted advertisements across various devices and formats, ensuring that consumers receive relevant content based on their interests.
Inuvo's flagship products include ValidClick and IntentKey. ValidClick is a comprehensive advertising platform that facilitates the placement of digital ads across multiple channels, such as social media, video, mobile, connected TV, and display. IntentKey, on the other hand, is a proprietary AI-driven solution designed to understand the underlying reasons behind consumer interests. This allows advertisers to target audiences more effectively without relying on traditional identifiers like cookies.
With a diverse client base spanning industries such as retail, automotive, insurance, healthcare, technology, telecommunications, and finance, Inuvo has established a strong market presence. The company's revenue is generated primarily through the placement of digital ads on various platforms, including websites, applications, and browsers, leveraging social, search, and programmatic advertising channels.
Recent achievements highlight Inuvo's significant growth and financial performance. For the third quarter of 2023, the company reported a record revenue of $24.6 million, marking a 44% year-over-year increase. This growth was driven by a strategic shift towards indirect channels, which offer access to multiple end-clients and typically yield higher gross margins. The company's gross profit margin for this period stood at an impressive 90.7%, underscoring the effectiveness of its business model.
Inuvo is also at the forefront of addressing industry changes, particularly the move towards privacy-first advertising solutions. The company's AI-powered IntentKey is well-positioned to navigate the evolving landscape, ensuring compliance with new privacy regulations while maintaining the ability to deliver highly targeted ads. This capability is especially crucial as traditional ad-targeting methods become obsolete.
Inuvo's operational footprint includes teams of developers, designers, writers, marketers, advertising experts, data analysts, and testers located in California and Arkansas. This diverse and skilled workforce drives the company's innovation and success.
Looking ahead, Inuvo continues to explore new opportunities and expand its offerings. The recent launch of its AI-as-a-Service solution signifies a step towards empowering clients with tools to enhance their marketing strategies independently. Additionally, the company's ongoing enhancements to the IntentKey platform, including its ability to integrate trending events into audience discovery, demonstrate Inuvo's commitment to staying ahead of the curve in the rapidly evolving ad-tech industry.
Inuvo (NYSE American: INUV), an AI-powered advertising technology provider, has announced its participation in the iAccess Alpha Virtual Best Ideas Winter Conference 2024. The event will take place on December 10th and 11th, 2024.
Richard Howe, CEO of Inuvo, will deliver a presentation on Tuesday, December 10th at 12:30 p.m. EST. Following the presentation day, he will be available for one-on-one meetings with qualified investors on Wednesday, December 11th.
The conference, hosted by iAccess Alpha, features companies recommended by an investor network and follows a two-day format with company webcasts on the first day and one-on-one management meetings on the second day.
TerraNova Capital Equities announces three significant financial transactions totaling $45 Million. The company acted as sole advisor for: a $20 Million revolving credit facility for Danimer Scientific (NYSE: DNMR), secured through Mountain Ridge Capital and backed by accounts receivable and inventory; a $10 Million financing for Inuvo (NYSE American: INUV) arranged with SLR Digital to support its AI-powered marketing technology; and a $15 Million lender finance facility for Flow Capital Corp to expand their venture debt portfolio.
Inuvo (NYSE: INUV) reported Q3 2024 financial results with revenue of $22.4 million, marking a 23% sequential increase from Q2 2024, though down 9% year-over-year. The company posted a net loss of $2 million, including a one-time $600,000 non-cash impairment charge. Adjusted EBITDA loss was $357,000, showing a $310,000 improvement over Q2 2024.
For the nine months ended September 30, 2024, revenue increased 8.5% to $57.6 million. The company secured a $10 million credit line in July and closed a significant retail client agreement. Inuvo forecasts double-digit year-over-year growth for Q4 2024 and plans to launch an updated self-service IntentKey product in Q1 2025.
Inuvo (NYSE American: INUV), a provider of generative AI advertising solutions for brands and agencies, has scheduled its Third Quarter 2024 financial results conference call for Friday, November 8, 2024, at 8:30 AM EST. The call will discuss financial results and provide a business update for the quarter ended September 30, 2024. A telephone replay will be available through November 22, 2024. The company has provided toll-free and international dial-in numbers for participant access.
Inuvo, a leading AI-powered advertising technology provider (NYSE American: INUV), has announced its participation in the LD Micro 17th Annual Main Event. The event will take place from October 28th to 30th, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles. Barry Lowenthal, President of Inuvo, will deliver a presentation on October 29th, 2024, at 1:00 PM PT/4:00 PM ET. The presentation will be available via live webcast through the conference platform. Company management will also be conducting one-on-one meetings with investors during the conference.
Inuvo Inc. (NYSE American: INUV), an AI-powered advertising technology provider, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024, at the Lotte New York Palace Hotel in New York City.
Key points:
- Inuvo's management will present on Monday, September 9th, 2024, at 11:30 AM Eastern Time
- The presentation will be webcast live on the conference platform and Inuvo's investor relations website
- Management will be available for one-on-one meetings with investors throughout the conference
Interested parties can access the live webcast through the provided links and request meetings with Inuvo via email.
Inuvo Inc (NYSE American: INUV) reported strong financial results for Q2 2024 and the first half of the year. Revenue increased 9.4% to $18.2 million in Q2 and 23.6% to $35.2 million for H1 2024. The company's IntentKey AI technology continues to outperform competitors in audience targeting without using consumer data or cookies. Inuvo is making progress with its self-service and predictive media mix modeling products, expecting to sign a master services agreement with its largest retail client in Q3 2024.
Financial highlights include a 62% improvement in Adjusted EBITDA loss and a 48% reduction in net loss for Q2 2024. The company also secured a $10 million credit line and reported preliminary unaudited revenue of $7.7 million for July 2024, showing continued growth.
Inuvo, Inc. (NYSE American: INUV), a provider of generative AI advertising solutions, has announced a conference call scheduled for Thursday, August 8, 2024, at 4:15 PM Eastern Time. The call will discuss the company's financial results for the second quarter ended June 30, 2024, and provide a business update. Investors can join via phone using the toll-free number 1-800-717-1738 (US) or 1-646-307-1865 (International) with Conference ID 1174796. A webcast link is also available. A telephone replay will be accessible through August 22, 2024, using specific dial-in numbers and the code 1174796.
Inuvo Inc (NYSE American: INUV), a leading marketing technology provider, has secured a $10 million asset-based credit facility from SLR Digital Finance. This new financing is aimed at supporting Inuvo's continued growth and operations, particularly in accelerating the adoption of its large language generative artificial intelligence for audience discovery and targeting without consumer tracking.
The credit facility enhances Inuvo's liquidity and financial flexibility, demonstrating lender confidence in the company's business model and future prospects. Inuvo plans to use the proceeds for general corporate purposes, including working capital, capital expenditures, and potential strategic investments. This move positions Inuvo to capitalize on the evolving advertising industry landscape, especially in light of growing privacy concerns and regulatory pressures.
Inuvo, Inc. (NYSE American: INUV) has commented on Google's updated plans for third-party cookies. Google's recent blog post suggests continued investment in the Privacy Sandbox as an alternative to third-party cookies. Google proposes giving consumers a choice regarding tracking, similar to Apple's approach in 2021 which resulted in over 90% of users opting out.
Inuvo's Chairman and CEO, Rich Howe, believes this decision will likely accelerate the demise of third-party cookies. He notes that Apple's elimination of cookies in 2020, controlling 55% of the U.S. mobile browser market, had already set the stage for this change. Inuvo's IntentKey solution, a generative AI technology, can identify and target audiences without using consumer data or cookies, potentially positioning the company well for this shift in digital advertising.
FAQ
What is the current stock price of Inuvo (INUV)?
What is the market cap of Inuvo (INUV)?
What does Inuvo, Inc. specialize in?
What are Inuvo's main products?
Which industries does Inuvo serve?
How does Inuvo generate revenue?
What recent financial achievements has Inuvo reported?
How is Inuvo addressing changes in the advertising industry?
Where are Inuvo's operational teams located?
What is the purpose of Inuvo's AI-as-a-Service solution?
How does Inuvo's IntentKey platform enhance audience targeting?
What is Inuvo's strategy for future growth?
