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Dec 31, 2019
Inuvo Q4 2019 Earnings Report
Inuvo's Q4 2019 financial results were announced, showing increased revenue and improved profitability.
Key Takeaways
Inuvo reported a 7% increase in revenue for Q4 2019, reaching $18.2 million. The company also achieved positive Adjusted EBITDA of $47 thousand, a significant improvement compared to the $1.2 million loss in the same period of 2018. Net loss was reduced to $859 thousand, and gross profit increased by 41.6% to $12.8 million.
Q4 revenue increased by 7% year-over-year, totaling $18.2 million.
Adjusted EBITDA turned positive, reaching $47 thousand compared to a $1.2 million loss in Q4 2018.
Net loss decreased to $859 thousand from $2.2 million in the same period last year.
Gross profit increased by 41.6% to $12.8 million.
Forward Guidance
The company anticipates taking advantage of regulatory relief provided by the Securities and Exchange Commission and taking an additional 45 days to file its Form 10-K and audited 2019 financial statements. Inuvo expects IntentKey revenue for the first quarter of this year to increase 48% over the $1.3 million revenue reported for the first quarter of last year.
Positive Outlook
- IntentKey revenue is expected to increase 48% in Q1 2020 compared to the prior year period.
- Closed a loan and security agreement with Hitachi Capital America Corp.
- Closed a $688 thousand private placement of common stock with Board members.
- Anticipate taking advantage of regulatory relief provided by the Securities and Exchange Commission and taking an additional 45 days to file its Form 10-K
- In the 2019 fourth quarter, positive Adjusted EBITDA in large part due to the IntentKey revenue and margin contributions.
Challenges Ahead
- Marketing campaigns for two new IntentKey clients signed in March 2020 have been paused.
- Potential impact from a number of suppliers within ValidClick due to COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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