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Dec 31, 2020
Inuvo Q4 2020 Earnings Report
Announced financial results for the fourth quarter and full year ending December 31, 2020.
Key Takeaways
Inuvo reported Q4 2020 revenue of $12.9 million, a 40% sequential increase. IntentKey revenue grew 34% year-over-year in Q4, while ValidClick revenue was up 48.5% sequentially. The company's balance sheet is strong, with $7.9 million in cash and no outstanding balance on its working capital line.
IntentKey platform grew year-over-year 34% in the fourth quarter and 22% overall.
ValidClick revenue was up 48.5% sequentially, recovering from COVID-19 related low point.
Inuvo launched the Software-as-a-Service (SaaS) version of the IntentKey in January 2021.
Company raised an additional $14.25 million from the sale of common stock subsequent to December 31, 2020.
Forward Guidance
Inuvo expects ValidClick to return to normal and IntentKey to continue its growth trajectory, which combined is expected to result in positive Adjusted EBITDA for 2021.
Positive Outlook
- Expect ValidClick to be back to normal in 2021.
- Expect the IntentKey to continue its growth trajectory.
- Combined, expect positive Adjusted EBITDA for 2021.
- Balance sheet has never been stronger.
- Additional working capital will allow focus on organic growth and evaluating acquisition opportunities.
Challenges Ahead
- Forward looking statements are subject to certain risks, trends, and uncertainties including the continued impact of Covid-19 on Inuvo’s business and operations.
- Cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct.
- Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements
Historical Earnings Impact
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Avg. Return Before/After Earnings
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