Advertising technology and digital publishing firm Inuvo Inc. of Little Rock on Wednesday announced preliminary second-quarter revenue of $18.3 million, which it said is up 17 percent from the same quarter of last year.
The company also said it had a preliminary net loss of $1.4 million and attributed that to non-cash operating expenses and non-recurring costs related to its acquisition of NetSeer Inc. of Sunnyvale, California.
“As we near the completion of the integration of NetSeer, we remain excited about our ability to leverage the resources, technologies and relationships that were acquired in the transaction,” Executive Chairman Rich Howe said in a news release. “As our industry consolidates, we believe we are well positioned to take advantage of the changes going on within our markets. We remain committed to scaling the business while maintaining fiscally responsible adjusted EBITDA objectives.”
The company (Nasdaq: INUV) is in the process of finalizing its financial statements and expects to announce its comprehensive final financial results for the 2017 second quarter on Aug. 8.
Inuvo’s managers will discuss the NetSeer acquisition and its fourth-quarter earnings during a conference call and webcast set for 5:15 p.m. on Aug. 8.
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