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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, Inc. (NYSE American: INUV) reported a 75.3% year-over-year revenue increase for Q1 2022, totaling $18.6 million. Sales surged for its platforms, with IntentKey up 280% and ValidClick up 24%. Despite a net loss of $2.1 million, adjusted EBITDA losses improved compared to the prior year. Operating expenses rose 2.4% to $12.1 million. With no debt and $9 million in liquidity, Inuvo aims for positive adjusted EBITDA by year-end. CEO Richard Howe emphasized the company's readiness to capitalize on industry shifts away from 3rd party cookies.
Inuvo, Inc. (NYSE American: INUV) will host a conference call on May 12, 2022, at 4:15 p.m. ET, to discuss its financial results for Q1 ended March 31, 2022, along with a business update. Participants can join via toll-free or international dial-in numbers, or through a webcast link. A replay will be available until May 26, 2022. Inuvo is a leader in AI-powered marketing technology, focusing on understanding consumer interests rather than demographics.
Inuvo, Inc. (NYSE American: INUV) announced the appointment of two new independent members to its Board of Directors: Jonathan Bond and Kenneth Lee. Bond is a seasoned marketing expert with over 35 years of experience, previously co-founding several notable agencies. Lee brings extensive capital markets experience, managing significant assets at Ingalls & Snyder. The board now has six members, enhancing governance and reinforcing Inuvo's commitment to growth in the marketing technology sector, particularly leveraging its AI capabilities.
Inuvo, Inc. reported a strong financial performance for the fourth quarter and full year 2021, achieving $19.7 million in revenue, marking a 53% year-over-year increase. Total net revenue for 2021 reached $59.8 million, up 34% from 2020, driven by substantial growth in the IntentKey and ValidClick platforms. However, the cost of revenue surged to $15.9 million, a 92% increase, impacting gross profit margins, which fell to 73.4% from 81.4%. The company reported a net loss of $7.6 million for the year but achieved an adjusted EBITDA of $466,000 in Q4.
Inuvo, Inc. (NYSE American: INUV) was honored as Business of the Year at the 34th Arkansas Business of the Year Awards. This recognition, awarded by Arkansas Business Publishing Group, highlights the innovation and entrepreneurial spirit within the state. Inuvo, serving 56-100 employees, was selected by an independent panel of judges. CEO Rich Howe credited the company's success to its unique IntentKey AI technology, which redefines advertising by focusing on why consumers are interested in products rather than who they are. The award reflects Inuvo's commitment to leveraging local economic development initiatives.
Inuvo, Inc. (NYSE American: INUV) has partnered with Halo collar, a developer of advanced IoT dog safety technology, aimed at promoting the go-anywhere wireless fence for pets. Halo collar integrates AI-driven media solutions from Inuvo, enhancing its marketing capabilities without using consumer data, aligning with privacy standards. The collaboration utilizes IntentKey, which adapts to market changes, optimizing advertising strategies. Halo collar protects over 50,000 dogs daily and is expanding into new markets. Inuvo’s technology stands out in its ability to offer insights and competitive advantages.
Inuvo, a leading AI-driven marketing technology company, announced that CEO Richard Howe will present at the Maxim Group 2022 Virtual Growth Conference from March 28 to 30. The conference aims to showcase growth opportunities in the market. Interested participants can register for the event through the provided link. A webcast of Howe's presentation will be accessible throughout the conference. Inuvo is known for its IntentKey AI technology, which analyzes consumer interests to optimize advertising strategies.
Inuvo, Inc. (NYSE American: INUV) will host a conference call on March 17, 2022, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2021. The call aims to provide a comprehensive business update. Interested participants can join by dialing the toll-free number 1-800-289-0438 or the international number 1-323-794-2423, using conference ID 7249642. A replay will be available until March 31, 2022.
Inuvo, Inc. (NYSE American: INUV) reported preliminary unaudited revenue of approximately $19.7 million for Q4 2022, marking a 53% year-over-year increase and a 17% sequential rise compared to Q3 2021. Revenue from IntentKey and ValidClick is expected to increase by 121% and 26% respectively compared to the prior year quarter. CEO Rich Howe noted strong growth in the advertising sector, particularly as the industry shifts away from consumer data usage. However, the preliminary data has not been audited, and actual results may vary significantly.
Inuvo, a provider of AI-driven marketing technology, announced that CEO Richard Howe and CFO Wallace Ruiz will present at key investor conferences in February 2022. The conferences include the Alliance Global Partners Emerging Growth Technology Conference on February 2, featuring one-on-one virtual meetings, and the Aegis Virtual Conference on February 25 at 4:00 p.m. ET. Inuvo's patented IntentKey AI technology focuses on understanding consumer interests rather than identities, enhancing advertising effectiveness. For details, visit www.inuvo.com.
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