Inuvo Stock Price, News & Analysis

Inuvo, Inc. (NYSE American: INUV), a provider of AI-driven marketing technology, will participate in the Cannes Lions Festival on June 23, 2022. The company's leadership, including CEO Rich Howe, is challenging competitors in the ad-tech sector. Inuvo's board member Jon Bond highlighted the challenges with current ad tracking methods and the decline of persistent identifiers. Inuvo's AI product, IntentKey, targets users without relying on traditional identification methods. The company offers to waive fees if it fails to meet clients' goals in comparison tests with other ad-tech vendors.

Inuvo (NYSE American: INUV) has partnered with Brand Innovators to host the inaugural Marketing AI Conference: the Future of AI & Personalization Summit in New York on June 8, 2022. The event will gather major brands and agencies, including PepsiCo and IBM, to explore using AI in marketing. CEO Rich Howe emphasized the shift away from traditional consumer targeting methods, highlighting Inuvo's proprietary IntentKey technology as a solution for effective advertising. This summit addresses the industry's evolving landscape in AI-driven marketing strategies.

Inuvo (NYSE American: INUV) announced its participation in the virtual Spring Into Action - Best Ideas Investor Conference from May 16-20, 2022. CFO Wally Ruiz will present on May 18 at 10:00 a.m. ET, with a live webcast and replay accessible. Investors can schedule one-on-one meetings with management throughout the event. The conference showcases the top 36 companies recommended by qualified institutional investors, emphasizing Inuvo's innovative AI technology for marketing.

Inuvo, Inc. (NYSE American: INUV) reported a 75.3% year-over-year revenue increase for Q1 2022, totaling $18.6 million. Sales surged for its platforms, with IntentKey up 280% and ValidClick up 24%. Despite a net loss of $2.1 million, adjusted EBITDA losses improved compared to the prior year. Operating expenses rose 2.4% to $12.1 million. With no debt and $9 million in liquidity, Inuvo aims for positive adjusted EBITDA by year-end. CEO Richard Howe emphasized the company's readiness to capitalize on industry shifts away from 3rd party cookies.

Inuvo, Inc. (NYSE American: INUV) will host a conference call on May 12, 2022, at 4:15 p.m. ET, to discuss its financial results for Q1 ended March 31, 2022, along with a business update. Participants can join via toll-free or international dial-in numbers, or through a webcast link. A replay will be available until May 26, 2022. Inuvo is a leader in AI-powered marketing technology, focusing on understanding consumer interests rather than demographics.

Inuvo, Inc. (NYSE American: INUV) announced the appointment of two new independent members to its Board of Directors: Jonathan Bond and Kenneth Lee. Bond is a seasoned marketing expert with over 35 years of experience, previously co-founding several notable agencies. Lee brings extensive capital markets experience, managing significant assets at Ingalls & Snyder. The board now has six members, enhancing governance and reinforcing Inuvo's commitment to growth in the marketing technology sector, particularly leveraging its AI capabilities.

Inuvo, Inc. reported a strong financial performance for the fourth quarter and full year 2021, achieving $19.7 million in revenue, marking a 53% year-over-year increase. Total net revenue for 2021 reached $59.8 million, up 34% from 2020, driven by substantial growth in the IntentKey and ValidClick platforms. However, the cost of revenue surged to $15.9 million, a 92% increase, impacting gross profit margins, which fell to 73.4% from 81.4%. The company reported a net loss of $7.6 million for the year but achieved an adjusted EBITDA of $466,000 in Q4.

Inuvo, Inc. (NYSE American: INUV) was honored as Business of the Year at the 34th Arkansas Business of the Year Awards. This recognition, awarded by Arkansas Business Publishing Group, highlights the innovation and entrepreneurial spirit within the state. Inuvo, serving 56-100 employees, was selected by an independent panel of judges. CEO Rich Howe credited the company's success to its unique IntentKey AI technology, which redefines advertising by focusing on why consumers are interested in products rather than who they are. The award reflects Inuvo's commitment to leveraging local economic development initiatives.

Inuvo, Inc. (NYSE American: INUV) has partnered with Halo collar, a developer of advanced IoT dog safety technology, aimed at promoting the go-anywhere wireless fence for pets. Halo collar integrates AI-driven media solutions from Inuvo, enhancing its marketing capabilities without using consumer data, aligning with privacy standards. The collaboration utilizes IntentKey, which adapts to market changes, optimizing advertising strategies. Halo collar protects over 50,000 dogs daily and is expanding into new markets. Inuvo’s technology stands out in its ability to offer insights and competitive advantages.