Inuvo Reports $800K 2Q Loss

by Arkansas Business Staff  on Friday, Aug. 10, 2018 11:07 am   1 min read

Advertising technology and digital publishing firm Inuvo Inc. of Little Rock on Wednesday reported a net loss of $800,000, or 3 cents per share, for the quarter that ended June 30.

That is improved from the net loss of $1.4 million, or 5 cents per share, in the same quarter last year.

The company (Nasdaq: INUV) also reported second-quarter revenue of $19 million, up 4 percent.

Operating expenses for the second quarter were $12.8 million, compared to $12 million for the same quarter of 2017.

“The second quarter followed its seasonal pattern, starting off weak and ending strong,” Chairman and CEO Rich Howe said in a news release. “Despite the slow start, we increased revenue, expanded margins and more than doubled adjusted EBITDA. After increasing revenue 11 percent in the first half of the year, we now enter the strongest quarters of the year for Inuvo and look forward to continued growth and improved performance. Our previously issued 2018 guidance of double digit revenue growth over 2017 with higher adjusted EBITDA remains on track.”

 

 

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