Inuvo projects Q4 2024 revenue of $26 million, a 26% increase from the previous year, setting a company record.
Quiver AI Summary
Inuvo, Inc. has announced its preliminary unaudited revenue results for the fourth quarter of 2024, projecting approximately $26 million, a 26% increase from the $20.8 million reported in the same period last year. This would mark the highest quarterly revenue in the company's history. CEO Richard Howe expressed confidence in the anticipated growth, mentioning a near breakeven adjusted EBITDA for the quarter and a positive outlook for 2025. The report highlighted Inuvo's proprietary AI, IntentKey®, which optimizes audience targeting without relying on consumer data or cookies. However, the company cautioned that these figures are preliminary and may change after the completion of the audit process. Inuvo plans to provide more detailed financial information during itsearnings conference callscheduled for February 27, 2025.
Potential Positives
- Inuvo is projecting a 26% year-over-year revenue increase for Q4 2024, reaching approximately $26 million, which would set a new record for the company's highest quarterly revenue.
- The company's generative AI solution, IntentKey®, differentiates itself by identifying and targeting audiences without relying on consumer data or tracking, positioning Inuvo as a leader in innovative advertising technology.
- The anticipation of a near breakeven adjusted EBITDA for the quarter reflects effective cost management and operational efficiency within the company.
Potential Negatives
- The preliminary financial data indicates that the company's revenue figures are not yet finalized and may change significantly upon completion of the audit, introducing uncertainty for investors.
- The reliance on preliminary results raises questions about the accuracy of financial performance reporting and could undermine investor confidence.
- Forward-looking statements are accompanied by a broad range of risks and uncertainties, which may deter potential investors from viewing the company as a stable investment.
FAQ
What revenue growth did Inuvo report for Q4 2024?
Inuvo reported a projected revenue of approximately $26 million for Q4 2024, marking a 26% year-over-year increase.
When will Inuvo share more details about its Q4 performance?
Inuvo plans to share more details during itsearnings conference callset for February 27, 2025.
What is IntentKey®?
IntentKey® is Inuvo's AI solution that targets audiences without relying on consumer data or cookies.
Who is Inuvo's CEO?
Richard Howe is the CEO of Inuvo, Inc., leading the company's innovative advertising technology efforts.
What are forward-looking statements in Inuvo's press release?
Forward-looking statements include projections about financial results and are subject to risks that could cause actual outcomes to differ.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$INUV Hedge Fund Activity
We have seen 11 institutional investors add shares of $INUV stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BARD ASSOCIATES INC added 279,100 shares (+7.1%) to their portfolio in Q3 2024, for an estimated $68,826
- RENAISSANCE TECHNOLOGIES LLC removed 137,195 shares (-22.8%) from their portfolio in Q3 2024, for an estimated $33,832
- PRUDENTIAL FINANCIAL INC removed 108,400 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $26,731
- EDMOND DE ROTHSCHILD HOLDING S.A. removed 100,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $24,660
- PERKINS CAPITAL MANAGEMENT INC removed 75,785 shares (-1.1%) from their portfolio in Q3 2024, for an estimated $18,688
- GEODE CAPITAL MANAGEMENT, LLC added 73,682 shares (+7.4%) to their portfolio in Q3 2024, for an estimated $18,169
- CITADEL ADVISORS LLC removed 67,054 shares (-28.3%) from their portfolio in Q3 2024, for an estimated $16,535
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LITTLE ROCK, Ark., Jan. 21, 2025 (GLOBE NEWSWIRE) --
Inuvo, Inc. (NYSE American: INUV),
provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, today reported preliminary unaudited revenue results for the fourth quarter of 2024.
Inuvo is projecting revenue of approximately $26 million for Q4 2024, a 26% year-over-year increase from the $20.8 million reported in Q4 2023. This growth would set a new record as the highest quarterly revenue in the Company's history.
Richard Howe, CEO of Inuvo, stated, “As discussed during our third quarter conference call, we anticipated a double digit increase in fourth quarter revenue as well as a near breakeven adjusted EBITDA for the quarter. While the audit of our results has not yet been completed, we believe the optimism we expressed in November was well-founded.”
Mr. Howe continued, “We look forward to sharing more details about our strong fourth quarter, as well as our plans for 2025, during our upcomingearnings conference call which is expected to take place on February 27
th
, 2025.”
IntentKey® is the first large-language generative AI that can identify and target audiences without consumer data, tracking, or cookies while outperforming competitors. This advanced AI empowers marketers with Inuvo's audience discovery and targeting technology implemented both as a managed service and/or self-service.
The financial information and results in this press release are preliminary and have been prepared internally by management based on the best information currently available to the Company and are subject to completion of the fourth quarter and full year financial statements and audit by our independent registered public accounting firm. There can be no assurance that actual results will not differ from the preliminary financial information presented herein and such changes could be material. This preliminary financial data should not be viewed as a substitute for full financial statements prepared in accordance with Generally Accepted Accounting Principles.
About Inuvo
Inuvo®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit
www.inuvo.com
.
Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Inuvo’s quarter-end financial close process and preparation of financial statements for the quarter that are subject to risks and uncertainties that could cause results to be materially different than expectations. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, without limitation risks detailed from time to time in our filings with the Securities and Exchange Commission (the “SEC”), and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Inuvo, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as filed on February 29, 2024, and our other filings with the SEC. In addition, our expectations about the fourth quarter and full year 2024 results are based on preliminary information about the fourth quarter and full year and are subject to revision or adjustment based on our quarter and year-end review procedures. Although the fourth quarter and full year are now completed, we are still in the process of our standard financial reporting closing procedures. Accordingly, following completion of our normal closing and audit processes, it may turn out that actual results differ materially from these preliminary results. Factors that could cause our actual results for the fourth quarter and full year to differ materially from our preliminary results include, but are not limited to, inaccurate assumptions, unrecorded expenses, changes in estimates or judgments, and facts or circumstances affecting the application of our critical accounting policies. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Inuvo, Inc. and are difficult to predict. Inuvo does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events, or otherwise. Inuvo further expressly disclaims any written or oral statements made by a third party regarding the subject matter of this press release. The information which appears on our websites and our social media platforms is not part of this press release.
Inuvo Company Contact:
Wally Ruiz
Chief Financial Officer
Tel (501) 205-8397
wallace.ruiz@inuvo.com
Investor Relations:
David Waldman / Natalya Rudman
Crescendo Communications, LLC
Tel: (212) 671-1020
inuv@crescendo-ir.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
