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INUV — Inuvo News Story

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AI adtech firm Inuvo Q3 revenue misses estimates

Overview

Inuvo Q3 revenue rose 1% but missed analyst expectations

Net loss for Q3 narrowed to $1.7 mln, beating analyst estimates

Adjusted EPS for Q3 beat consensus, despite lower gross margin

Outlook

Company did not provide specific financial guidance for future quarters in its press release

Result Drivers

NEW CLIENTS - 23 new clients onboarded in Q3 contributed to revenue growth

ADVERTISING REDUCTION - Revenue growth restrained by reduced advertising to comply with major client's new requirements

OPERATING EXPENSES - Operating expenses declined due to reduced marketing spend related to revenue mix changes

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$22.60 mln$25.38 mln (3 Analysts)
Q3 EPSBeat-$0.12-$0.14 (3 Analysts)
Q3 Net IncomeBeat-$1.70 mln-$1.79 mln (3 Analysts)
Q3 Gross Margin73.40%
Q3 Gross Profit$16.60 mln
Q3 Operating Expenses$18.20 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Inuvo Inc is $11.75, about 74.6% above its November 5 closing price of $2.98 Press Release: ID:nGNX6tHT5Z For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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