Inuvo demonstrated strong sequential growth and strategic initiatives, such as signing a major agreement and expanding its client base, but faced challenges with year-over-year revenue decline, reduced gross margin, and increased net loss, indicating a mixed financial picture.

Company Guidance

During the Q3 2024 earnings call for Inuvo, Inc., the company provided several key metrics and guidance for the upcoming quarters. Inuvo reported a 23% sequential growth for the quarter that ended on September 30, 2024, despite a 9% year-over-year decrease, attributed to a strong performance in Q3 2023. The CEO, Richard Howe, highlighted that the company's adjusted EBITDA improved by $310,000, resulting in a loss of $357,000, with expectations to reach near breakeven in Q4 2024. Revenue for the third quarter was $22.4 million, with 83% from platform clients and 17% from agencies and brands, while the gross profit was $19.8 million, yielding a margin of 88.4%. Looking forward, Inuvo anticipates double-digit year-over-year growth in Q4 2024 with daily revenues averaging approximately $290,000 in early November. Additionally, the company has no outstanding debt and has sufficient cash and availability from a $10 million receivables facility to meet working capital needs. The company aims to expand its agency and brand client base, having signed four new agencies and two new direct clients in Q3, while also focusing on enhancing its self-service product offerings to drive future growth.

Sequential Revenue Growth

Inuvo reported a 23% sequential growth for the third quarter of 2024, indicating strong quarter-over-quarter performance.

Master Services Agreement Signed

Inuvo completed a master services agreement with a large retailer, expecting the relationship to continue thriving and contribute to future growth.

No Outstanding Debt

As of the end of September, Inuvo reported no outstanding debt, with sufficient cash and availability from a $10 million receivables facility.

Growth in Agency and Brand Clients

Inuvo signed 4 new agencies, 2 new direct clients, and added 6 new brands within the quarter, driving a revenue increase of 15% year-over-year from this segment.

Forecasted Double-Digit Growth in Q4

Inuvo estimates double-digit year-over-year growth for the fourth quarter, with November's daily revenue averaging $290,000.

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Inuvo (INUV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

INUV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 26, 2025	2024 (Q4)	>-0.01 / -	-0.02	―	―	―
Nov 08, 2024	2024 (Q3)	-0.01 / -0.01	-0.01	0.00% (0.00)	―
Aug 08, 2024	2024 (Q2)	-0.01 / -0.01	-0.03	66.67% (+0.02)	―
May 07, 2024	2024 (Q1)	-0.03 / -0.02	-0.03	33.33% (<+0.01)	―
Feb 29, 2024	2023 (Q4)	>-0.01 / -0.02	-0.03	33.33% (<+0.01)	―
Nov 10, 2023	2023 (Q3)	-0.02 / -0.01	-0.02	50.00% (+0.01)	―
Aug 10, 2023	2023 (Q2)	-0.04 / -0.03	-0.03	0.00% (0.00)	―
May 04, 2023	2023 (Q1)	-0.03 / -0.03	-0.02	-50.00% (>-0.01)	―	―
Mar 09, 2023	2022 (Q4)	-0.02 / -0.03	-0.01	-200.00% (-0.02)	―
Nov 15, 2022	2022 (Q3)	-0.01 / -0.02	-0.02	0.00% (0.00)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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INUV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	$0.24	$0.23	-4.17%
Aug 08, 2024	$0.32	$0.28	-12.50%
May 07, 2024	$0.35	$0.33	-5.71%
Feb 29, 2024	$0.51	$0.41	-19.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Inuvo Inc (INUV) report earnings?

Inuvo Inc (INUV) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.

What is Inuvo Inc (INUV) earnings time?

Inuvo Inc (INUV) earnings time is at Mar 26, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is INUV EPS forecast?

INUV EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.

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