Brief: Inuvo Inc - Started To Curtail Some Travel And Entertainment Expenses

Inuvo

25/03/2020 20:47

Inuvo Inc  INUV.A :
    * INUVO ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH
QUARTER AND FULL YEAR ENDING DECEMBER 31, 2019
    * Q4 REVENUE ROSE 7 PERCENT TO $18.2 MILLION
    * REVENUE IS EXPECTED TO INCREASE 48% IN Q1 OF 2020 COMPARED
TO
PRIOR YEAR PERIOD
    * QTRLY LOSS PER SHARE $0.02
    * UNABLE AT THIS TIME TO PREDICT LONG TERM IMPACTS OF
COVID-19 ON
OUR COMPANY
    * INUVO - PAUSE IN MARKETING CAMPAIGNS FOR 2 NEW INTENTKEY
CLIENTS
SIGNED IN MARCH 2020 AND POTENTIAL IMPACT FROM NUMBER OF
SUPPLIERS WITHIN VALIDCLICK
    * STARTED TO CURTAIL SOME TRAVEL AND ENTERTAINMENT EXPENSES
    * BEGINNING TO EXPERIENCE INTERRUPTIONS IN DAILY OPERATIONS,
INCLUDING 10K REPORTING PROCESS
    * INUVO - SHOULD IMPACT OF COVID-19 ON U.S. BE PROLONGED, WE
WOULD
EXPECT CORRESPONDING IMPACT TO MARKETING BUDGETS AS COMPANIES
MOVE TO PRESERVE CASH

Source text for Eikon:  ID:nGNX8v258R 
Further company coverage:  INUV.A