Loading...
•
Jun 30, 2021
Inuvo Q2 2021 Earnings Report
Inuvo's revenue increased by 66% year-over-year for the second quarter, driven by strong performance in both IntentKey and ValidClick product lines.
Key Takeaways
Inuvo reported a strong second quarter with a 66% year-over-year increase in revenue, reaching $12.6 million. The growth was fueled by both the IntentKey and ValidClick product lines. The company's cash balance at the end of June 2021 was $17.3 million.
Second quarter revenue increased by 66% year-over-year, totaling $12.6 million.
ValidClick revenue increased by 72% compared to the second quarter of 2020 and accounted for 77% of total revenue.
IntentKey revenue increased by approximately 50% compared to the prior year quarter and accounted for 23% of total revenue.
Cash and cash equivalents totaled $17.3 million at the end of June 2021.
Forward Guidance
Inuvo expects to see a continuation of double-digit year-over-year growth throughout the second half of 2021 and would expect Adjusted EBITDA to turn positive when monthly revenue run rates exceed $5.5 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...