Core Viewpoint - Inuvo, Inc. is projecting a record revenue of approximately $26 million for Q4 2024, representing a 26% year-over-year increase from $20.8 million in Q4 2023, driven by its generative AI advertising solutions [2][3]. Financial Performance - The projected revenue for Q4 2024 is expected to be $26 million, marking a 26% increase compared to the previous year's $20.8 million [2]. - This growth would establish a new record as the highest quarterly revenue in the company's history [2]. Management Commentary - CEO Richard Howe expressed confidence in achieving a double-digit revenue increase and near breakeven adjusted EBITDA for Q4 2024, reflecting optimism shared during the third quarter conference call [3]. - The company plans to provide further details about its strong fourth quarter and 2025 plans during an earnings conference call scheduled for February 27, 2025 [3]. Technology and Innovation - Inuvo's IntentKey® is highlighted as the first large-language generative AI capable of identifying and targeting audiences without relying on consumer data, tracking, or cookies, thus outperforming competitors [3]. - This technology empowers marketers through audience discovery and targeting, available as both managed and self-service options [3]. Company Overview - Inuvo, Inc. is recognized as a market leader in artificial intelligence tailored for advertising, with its proprietary IntentKey AI solution designed to understand consumer interests rather than their identities [5].

Core Viewpoint - Inuvo, Inc. is projecting a record revenue of approximately $26 million for Q4 2024, representing a 26% year-over-year increase from $20.8 million in Q4 2023, marking the highest quarterly revenue in the company's history [2]. Financial Performance - The anticipated revenue growth for Q4 2024 is expected to set a new record for the company [2]. - The CEO of Inuvo, Richard Howe, indicated that the company had anticipated a double-digit increase in revenue for the fourth quarter and a near breakeven adjusted EBITDA [3]. Product and Technology - Inuvo's IntentKey® is highlighted as the first large-language generative AI that can identify and target audiences without relying on consumer data, tracking, or cookies, outperforming competitors [3]. - The technology is designed to empower marketers through audience discovery and targeting, available as both a managed service and self-service [3]. Upcoming Events - Inuvo plans to provide more details about its strong fourth quarter and its plans for 2025 during an earnings conference call scheduled for February 27, 2025 [3].

Core Viewpoint - Inuvo, Inc. has introduced zip code-level audience insights and targeting capabilities within its IntentKey technology, enabling advertisers to execute highly targeted campaigns without relying on personal consumer data [1][3][8] Group 1: Technology and Innovation - IntentKey technology utilizes Inuvo's proprietary AI to analyze consumer behavior across over 40,000 U.S. zip codes, providing insights into consumer interests at a granular level [2][5] - The technology focuses on understanding the reasons behind consumer interest rather than identifying who the consumers are, offering a future-proof approach to precision marketing [5][6] - The enhanced targeting capability is immediately available to all IntentKey clients, reinforcing Inuvo's position as a leader in AI-driven, privacy-compliant advertising solutions [8] Group 2: Benefits for Advertisers - The new capabilities allow advertisers to connect with their ideal audiences more precisely, optimizing local market strategies and executing tailored campaigns for various business types [3][7] - Key applications include dynamic audience models that capture consumer intent signals, media matching at the zip code level, and real-time adaptation to changing consumer needs and market trends [7] - This innovation addresses challenges posed by the deprecation of cookies and other identity-based targeting mechanisms, providing a privacy-compliant solution for advertisers [3][5]

Core Insights - Inuvo, Inc. will participate in the iAccess Alpha Virtual Best Ideas Winter Conference 2024 on December 10th and 11th, 2024 [1] - CEO Richard Howe is scheduled to present on December 10th at 12:30 p.m. EST and will be available for one-on-one meetings with qualified investors on December 11th [2] - The iAccess Alpha conference format includes company presentations on the first day and one-on-one meetings with management on the second day [3] Company Overview - Inuvo, Inc. is a leader in advertising technology powered by artificial intelligence, specifically through its proprietary IntentKey AI solution, which identifies consumer interests rather than demographics [4]

Financial Data and Key Metrics Changes - For Q3 2024, the company reported revenue of $22.4 million, a 9% decrease year-over-year from $24.6 million in Q3 2023, but a 23% increase sequentially from the previous quarter [27] - Adjusted EBITDA improved by $310,000 sequentially, resulting in a loss of $357,000 for Q3 2024, with expectations of near breakeven in Q4 [8][38] - The company had no outstanding debt at the end of September 2024 and reported cash and cash equivalents of $2.6 million [8][38] Business Line Data and Key Metrics Changes - Revenue from platform clients constituted 83% of total revenue in Q3 2024, down from 87% in the same quarter last year, indicating a slight shift towards agencies and brands [29] - Revenue from agency and brand clients grew by 15% year-over-year, with expectations for continued growth in this segment [17][29] Market Data and Key Metrics Changes - The advertising ecosystem market is approximately $6 billion annually, with a focus on improving return on advertising spend for platform clients [10] - The company is actively working with over 100 small and medium-sized agencies, having signed 4 new agencies and 2 new direct clients in Q3 2024 [16] Company Strategy and Development Direction - The company is executing a multifaceted strategy that includes expanding markets through both self-service and full-service offerings [41] - Plans to launch enhanced capabilities within the self-serve AI product in early Q1 2025, aimed at improving efficiency and scalability [21][25] Management's Comments on Operating Environment and Future Outlook - Management expects double-digit year-over-year growth in Q4 2024, supported by strong early November revenue averaging $290,000 per day [7][40] - The company is focused on building relationships with clients to accelerate growth and overcome resistance to change associated with new technology [51][52] Other Important Information - The company has reduced cash burn by $227,000 in the first nine months of 2024 compared to the same period last year, with expectations for further improvements [38] - A one-time noncash impairment charge of $600,000 was recorded in Q3 2024 related to a referral and support services agreement [33] Q&A Session Summary Question: Update on large technology company as a new mega brand customer - Management confirmed progress with the large technology company, which is one of their largest platform clients, and mentioned ongoing work with other large technology companies [46][48] Question: Performance communication from retailer and car manufacturer - Management indicated that discussions about future market share typically occur in late Q4 or early Q1, focusing currently on maximizing returns for the holiday season [49] Question: What will it take for clients to increase usage of technology? - Management highlighted the importance of building relationships and addressing the fear of change as key factors for increasing client usage of their technology [51][52] Question: M&A landscape in the ad tech world - Management noted ongoing discussions about potential acquisitions and the possibility of being an acquisition target due to their unique technology and patents [60][61] Question: Discussion on reverse stock split - Management confirmed that the board routinely discusses the possibility of a reverse stock split, emphasizing the need for comprehensive analysis before making a decision [63] Question: Effectiveness of marketing and advertising over the last 12 months - Management discussed improvements in sales professionalism and the effectiveness of attending industry conferences for networking and relationship building [67][70]

Financial Performance - Revenue for Q3 2024 was $22.4 million, representing a 23% sequential increase compared to Q2 2024[2] - Revenue from Agencies & Brands increased by 15% year-over-year, while Platforms revenue decreased by 12%[2] - Net loss for Q3 2024 was $2 million, which included a one-time $600 thousand non-cash impairment charge[2] - Revenue for the nine months ended September 30, 2024, increased by 8.5% to $57.6 million compared to the same period last year[3] - The company forecasts double-digit year-over-year revenue growth for Q4 2024[3] Profitability Metrics - Adjusted EBITDA loss improved by $310 thousand to a loss of $357 thousand in Q3 2024 compared to Q2 2024[2] - Gross profit margin for Q3 2024 was 88.4%, down from 90.7% in the same period last year[7] Financial Position - As of September 30, 2024, Inuvo had $2.6 million in cash and cash equivalents and an unused working capital facility of $10 million[11] - The company secured a $10 million credit line in July 2024[2] EBITDA and Adjusted EBITDA - The company presents EBITDA and Adjusted EBITDA as supplemental performance measures[18] - EBITDA is defined as net loss plus interest expense, income tax expense, depreciation, and amortization[18] - Adjusted EBITDA includes stock-based compensation and certain identified non-recurring expenses[18] - The company encourages evaluation of the adjustments made to EBITDA and Adjusted EBITDA[18] - Future expenses may be incurred that are similar to some adjustments presented[18] - The presentation of EBITDA and Adjusted EBITDA should not imply future results will be unaffected by unusual items[18] Product Development - The company is preparing to launch an update to its self-service IntentKey product, expected to be announced in early Q1 2025[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ______________________ Commission file number: 001-32442 Inuvo, Inc. | --- | --- | --- | |-------------------------------------------------- ...

Announces strong start to Q4 2024 and projecting double-digit revenue growth Inuvo management to host conference call today at 8:30 AM EST LITTLE ROCK, Ark., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, today provided a business update, and announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Busines ...

● ● ● Inuvo to Present at the LD Micro Main Event XVII on October 29th October 24, 2024 9:00 AM EDT | Source: LD Micro Little Rock, Arkansas--(Newsfile Corp. - October 24, 2024) - Inuvo, Inc. (NYSE American: INUV), a leading provider of advertising technology, powered by artificial intelligence (AI) that serves brands and agencies, announced today that it will be presenting at LD Micro 17th Annual Main Event being held October 28th - 30th, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. Barry Lo ...

LITTLE ROCK, Ark., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), a leading provider of advertising technology, powered by artificial intelligence (AI) that serves brands and agencies, announced today that management will participate in the H.C. Wainwright 26th Annual Global Investment Conference being held September 9th – 11, 2024 at the Lotte New York Palace Hotel in New York City. Management is scheduled to present on Monday, September 9th, 2024 at 11:30 AM Eastern Time. The present ...