Brief: Inuvo Says Q4 Loss Per Share $0.02

Inuvo

25/03/2020 21:52

March 25 (Reuters) - Inuvo Inc  INUV.A :
    * INUVO ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH
QUARTER AND FULL YEAR ENDING DECEMBER 31, 2019
    * INTENTKEY REVENUE IS EXPECTED TO INCREASE 48% IN Q1 OF
2020
COMPARED TO PRIOR YEAR PERIOD
    * Q4 REVENUE ROSE 7 PERCENT TO $18.2 MILLION
    * QTRLY LOSS PER SHARE $0.02
    * UNABLE AT THIS TIME TO PREDICT LONG TERM IMPACTS OF
COVID-19 ON
OUR COMPANY
    * 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
    * 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:  urn:newsml:reuters.com:*:nNRAbci0sc
Further company coverage:  INUV.A 

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