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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 robust financial results for Q3 2021, showcasing an 83% year-over-year revenue growth to $16.8 million. The first nine months saw revenue increase by 26.3% to $40.1 million. Key drivers included a 71% increase in IntentKey revenue and 88% growth in ValidClick revenue. Despite a net loss of $1.8 million for Q3, Adjusted EBITDA turned positive in September. The company holds $14.6 million in cash and has no debt, indicating strong liquidity as it anticipates continued growth into Q4.
Inuvo, Inc. (NYSE American: INUV) will host a conference call on November 11, 2021, at 4:15 p.m. ET to discuss its Q3 financial results for the period ending September 30, 2021. The call will provide updates on the company's marketing technology powered by AI. Interested participants can join via toll-free and international dial-in numbers, and the conference ID is 2532390. A replay will be available until November 25, 2021.
Inuvo, Inc. (NYSE American: INUV) reported preliminary unaudited revenue of $16.5 million for Q3 2021, marking a remarkable 79% year-over-year increase and 31% sequential growth. This growth was driven by a 62% rise in IntentKey revenues and a 21% increase in ValidClick revenues. CEO Rich Howe noted strong September performance and anticipates a return to positive adjusted EBITDA in Q4 2021. However, the company cautioned that these preliminary figures have not been audited, and actual results may vary significantly.
Inuvo, Inc. (NYSE American: INUV) announced presentations by CEO Richard Howe and CFO Wally Ruiz at two investor conferences in October 2021. The first, the Virtual Fall Harvest conference, is scheduled for October 6 at 1:00 p.m. ET. The second, the LD Micro Main Event, will be held virtually and in-person in Los Angeles on October 13 at 10:00 a.m. PT / 1:00 p.m. ET. Interested attendees can find registration information through the provided links. Inuvo specializes in marketing technology, leveraging AI for consumer messaging strategies.
Inuvo, Inc. (NYSE American: INUV) announced that CEO Richard Howe will present at the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13-15, 2021. His presentation will be available on-demand starting September 13 at 7:00 a.m. ET. Attendees can register for the conference here. Inuvo specializes in marketing technology, utilizing consumer intent data for effective brand messaging.
Inuvo, Inc. (NYSE American: INUV) reported a strong financial performance for Q2 2021, with net revenue reaching $12.6 million, a 66.5% increase year-over-year. The IntentKey product line outperformed client goals by 74%, achieving 50% growth year-over-year. Despite a net loss of $2.4 million for the quarter, Inuvo expects double-digit growth to continue in the latter half of the year. The company raised $14.25 million in capital, enhancing liquidity with a cash balance of $17.3 million. Overall, operating expenses rose to $12.8 million, impacting net loss margins.
Inuvo, Inc. (NYSE American: INUV) will host a conference call on August 12, 2021, at 8:30 a.m. Eastern Time to discuss its second-quarter financial results for the period ending June 30, 2021, and provide a business update. Key details include a toll-free dial-in number at 1-888-394-8218 and an international number 1-323-701-0225. A telephone replay will be available until August 26, 2021.
Inuvo specializes in marketing technology powered by artificial intelligence, focusing on consumer-oriented branding strategies.
Inuvo, Inc. (NYSE American: INUV) reported preliminary unaudited revenue of approximately $12.4 million for Q2 2021, marking a 63% increase year-over-year. The company saw a 40% rise in IntentKey revenue and noted significant growth with its largest client, a top global company, which grew over 400% YOY. CEO Rich Howe expressed optimism for continued growth in the second half of the year, which is typically stronger for the business. Inuvo continues to expand its client base, adding 10 new clients in Q2.
Inuvo, a prominent marketing technology provider, announced participation in the LD Micro Invitational XI on June 9, 2021, at 12:00 p.m. ET. Richard Howe, CEO, and Wally Ruiz, CFO, will present at the event. Interested individuals can register for the presentation here. For one-on-one meetings with management, attendees should contact their LD Micro representatives or Inuvo's investor relations.
Inuvo, Inc. (NYSE American: INUV) is expanding its IntentKey™ AI advertising platform into the Canadian market, offering technology designed to outperform current advertising solutions. CEO Rich Howe emphasized the platform's cookieless approach, targeting consumer intent rather than individuals, ensuring privacy and adaptability as third-party cookies are phased out. To support this effort, Inuvo is building a Canadian sales team and has joined the Interactive Advertising Bureau of Canada and the Canadian Marketing Association. This initiative aims to enhance advertising strategies for Canadian companies.
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