Richard Howe, CEO of Inuvo, says the company is closing its offices in New York and Florida to focus all of its operations in Conway.
Inuvo Inc. of Conway on Thursday said its net income rose in the fourth quarter of the year to $645,000, boosting its full-year earnings to $2.1 million.
That’s compared to a loss of $253,000 during the same quarter last year and full-year earnings of $477,000 in 2013.
Inuvo (NYSE: INUV) reported revenue of $15.5 million during the fourth quarter compared to $11.4 million last year.
Inuvo Chairman and CEO Richard Howe said in a statement that the company was pleased with its fourth-quarter and full-year performance.
“Our strategic plan yielded strong financial results in 2014 with a solid foundation for growth in 2015 and beyond,” Howe said.
The internet marketing and technology company cited gains in its Owned and Operated Network, which builds mobile-ready websites and apps, in its full-year highlights. That division had revenue of $21.8 million compared to $8.6 million last year.
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