Inuvo reported a decrease in revenue for the fourth quarter of 2022, totaling $17.3 million compared to $19.7 million in the same period last year. However, the gross profit margin increased to 68.0% from 57.1% in the previous year.
Revenue decreased to $17.3 million in Q4 2022, compared to $19.7 million in Q4 2021.
Gross profit margin increased to 68.0% in Q4 2022 from 57.1% in Q4 2021.
Net loss was $4.0 million, or $0.03 per basic and diluted share, compared to a net loss of $1.2 million, or $0.01 per basic and diluted share, for the same period last year.
Adjusted EBITDA was a loss of $1.8 million in Q4 2022, compared to an Adjusted EBITDA income of $307 thousand for the same period last year.
The press release does not contain forward guidance. Therefore, no forward guidance is available.
Analyze how earnings announcements historically affect stock price performance