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Mar 31, 2024
Inuvo Q1 2024 Earnings Report
Inuvo experienced substantial revenue and gross profit growth in Q1 2024.
Key Takeaways
Inuvo reported a 44% year-over-year revenue increase to $17.0 million and a 72% increase in gross profit to $14.9 million for the first quarter of 2024. The company's net loss decreased compared to the same period last year.
Revenue increased by 44% year-over-year, reaching $17.0 million.
Gross profit increased by 72% year-over-year, totaling $14.9 million.
Gross profit margin increased to approximately 87.7% compared to 73.1% in the same period last year.
Net loss improved to $2.1 million, or $0.02 per share, compared to a net loss of $3.4 million, or $0.03 per share, for the same period last year.
Forward Guidance
No forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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