NEWS ER
Inuvo Reports 23% Sequential Revenue Growth to $22.4 million for the Third Quarter of 2024
Positive
23% sequential revenue growth to $22.4M in Q3 2024
8.5% revenue increase to $57.6M for nine months ended September 30, 2024
Secured $10M credit line
Adjusted EBITDA loss improved by $2.4M over nine months
Closed significant new retail client agreement
Negative
Net loss of $2M in Q3 2024
9% year-over-year revenue decline in Q3 2024
Adjusted EBITDA loss of $357,000 in Q3 2024
Gross profit margin decreased to 88.4% from 90.7% year-over-year
$600,000 non-cash impairment charge
23% sequential revenue growth to $22.4M in Q3 2024
8.5% revenue increase to $57.6M for nine months ended September 30, 2024
Secured $10M credit line
Adjusted EBITDA loss improved by $2.4M over nine months
Closed significant new retail client agreement
Negative
Net loss of $2M in Q3 2024
9% year-over-year revenue decline in Q3 2024
Adjusted EBITDA loss of $357,000 in Q3 2024
Gross profit margin decreased to 88.4% from 90.7% year-over-year
$600,000 non-cash impairment charge
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