Record-Breaking Revenue and Growth
Inuvo achieved a record-breaking fourth quarter with a 26% year-over-year growth, generating $26.2 million in revenue, marking the largest quarter ever. The company also delivered positive net income and adjusted EBITDA within the quarter.
Significant Client Growth and Retention
In 2024, Inuvo onboarded 33 new brands and achieved an 85% retention rate for existing agency and brand clients. The company also saw a 40% increase in average order size and exceeded KPIs by 42% on average across clients.
Technological Advancements
Inuvo made significant technological advancements, notably with the enhancements to the IntentKey self-serve platform, which democratizes advertising by allowing users to describe their target audience in simple terms.
Strong Financial Performance
For the full year 2024, revenue increased by 13.4%, gross profit increased by 13%, net loss decreased by 45%, and adjusted EBITDA loss improved sixfold. Net cash provided by operating activities improved by $2.8 million over 2023.