|Over a week ago|
Inuvo files $75M mixed securities shelf 07:1102/1202/12/21
Inuvo reports Q4 revenue $12.9M, two est. $12.54M » 08:3402/0402/04/21
IntentKey revenue totaled…
IntentKey revenue totaled $3.6 million in the fourth quarter of 2020, an increase of 34% year-over-year. ValidClick revenue totaled $9.3 million for the fourth quarter 2020, an increase of 48.5% sequentially. "We continued to build momentum throughout 2020 after the initial decline experienced in the second quarter resulting from COVID-19. While the impacts of COVID-19 remain present within our industry, we would expect ValidClick to be back to normal within 2021 and the IntentKey to continue growing," stated Rich Howe, CEO of Inuvo.
|Over a month ago|
Inuvo launches SaaS version of IntentKey » 08:4101/2601/26/21
Inuvo announces the…
Inuvo announces the launch of the Software-as-a-Service version of the IntentKey. By packaging the proprietary Artificial Intelligence, Analytic Modeling, and Data Technologies of the IntentKey in this manner, Inuvo delivers a powerful digital advertising solution that clients can encircle with their own services.
Inuvo price target raised to $3 from $2.50 at Alliance Global Partners » 07:0701/2501/25/21
Alliance Global Partners…
Alliance Global Partners analyst Brian Kinstlinger raised the firm's price target on Inuvo to $3 from $2.50 and keeps a Buy rating on the shares. The analyst believes Inuvo's business continues to recover, but he adds that advertising budgets remain weak. Inuvo enjoyed seasonal strength in demand for ValidClick, its legacy marketing software that connects search engines with advertisers and generates revenue through a pay-per-click model, Kinstlinger tells investors in a research note.
Inuvo raises 6.25M in a registered direct offering » 08:3101/2001/20/21
Inuvo as entered into a…
Inuvo as entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,681,817 shares of its common stock, par value $0.001 per share, at a price of $1.10 per share, pursuant to a registered direct offering. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
Inuvo 13.333M share Secondary priced at 60c » 08:5301/1401/14/21
A.G.P acted as sole book…
A.G.P acted as sole book running manager for the offering.
|Over a quarter ago|
Inuvo reports Q3 EPS (3c), consensus (2c) » 17:0711/0911/09/20
Reports Q3 revenue…
Reports Q3 revenue $9.21M, consensus $9.28M.Richard Howe, CEO of Inuvo, commented, "While COVID-19 continues to impact our business, current trends suggest our recovery is underway. The IntentKey has grown year-over-year despite COVID-19, now up 16% through the first nine-months. ValidClick revenues in October are expected to be up 120% off their May lows. We are actively recruiting beta clients for a SaaS version of the IntentKey platform." Mr. Howe added, "While COVID-19 continues to make forecasting difficult and unpredictable, based on the revenue run rate coming out of October, we would expect sequential growth in the fourth quarter between 25% and 40%, which in turn should improve Adjusted EBITDA heading into 2021."
Inuvo reschedules Q3 financial results conference call » 09:1411/0211/02/20
Inuvo announced the…
Inuvo announced the rescheduling of its third quarter 2020 financial results conference due to a scheduling conflict to Monday, November 9, 2020 at 4:30 p.m. Eastern time.
Inuvo reports preliminary Q3 revenue $9.2M, consensus $10.5M » 08:1610/0910/09/20
Inuvo announced preliminary unaudited revenues of $9.2M for the third quarter ending September 30, 2020. Sequential growth was primarily attributable to the IntentKey where third quarter over second quarter 2020 growth in revenue is expected to exceed 50%. The IntentKey, Inuvo's proprietary machine-learning platform, and ValidClick, a marketing services business, are expected to account for roughly 32% and 68% of third quarter revenue respectively. At September 30, 2020 Inuvo had approximately $9.5M in cash, positive net working capital of approximately $7.1M and roughly $1.3M in debt most of which the company expects to retire by year-end. The Company remains focused on growing its AI technology, the IntentKey, where there is believed to be a technological and competitive advantage.
Inuvo reports Q2 EPS (2c), consensus (4c) » 16:2308/1308/13/20
Reports Q2 revenue…
Reports Q2 revenue $7.59M, consensus $9.16M. Richard Howe, CEO of Inuvo, commented, "Lower revenue through the first six months of the year was principally caused by decreased advertising budgets associated with COVID-19 and primarily within the ValidClick Platform with May as the lowest revenue month of the year and where June, July and now August have all trended sequentially higher. Despite the Pandemic, the IntentKey business has grown 17% through the first half of the year." Howe added, "Although revenue has been challenged during COVID-19, both the Net Loss and Adjusted EBITDA improved year-over-year within the quarter."