Inuvo Announces Preliminary Year-Over-Year Revenue Growth of 63% for the Second Quarter 2021
July 07 2021 - 8:00AM
Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing
technology, powered by artificial intelligence (AI) that serves
brands and agencies, today announced preliminary unaudited revenue
for the second quarter of 2021 totaling approximately $12.4
million, an increase of 63%, as compared to the second quarter of
2020. IntentKey revenue is expected to have increased during the
second quarter of 2021 by approximately 40% year-over-year.
Rich Howe, Chief Executive Officer of Inuvo, commented, “As we
head into the second half of the year, which is typically our
seasonally better half, the performance of the business across both
the IntentKey and ValidClick in Q2 sets the stage for continued
growth throughout 2021. ValidClick’ s current largest client, a top
5 company in the world, grew over 400% YOY and the IntentKey added
10 new clients in Q2.”
About InuvoInuvo®, Inc. (NYSE American: INUV)
is a market leader in artificial intelligence, aligning and
delivering consumer-oriented product & brand messaging
strategies based on powerful, anonymous, and proprietary consumer
intent signals for agencies, advertisers and partners. To learn
more, visit www.inuvo.com.
Safe Harbor / Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including, without limitation risks detailed from time to time in
our filings with the Securities and Exchange Commission (the
“SEC”), and represent our views only as of the date they are made
and should not be relied upon as representing our views as of any
subsequent date. You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the heading “Risk Factors” in Inuvo, Inc.’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2020 and our other filings with the SEC. Additionally,
forward-looking statements are subject to certain risks, trends,
and uncertainties, including the continued impact of COVID-19 on
Inuvo’s business and operations. Inuvo cannot provide assurances
that the assumptions upon which these forward-looking statements
are based will prove to have been correct. Should one of these
risks materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expressed
or implied in any forward-looking statements. Investors are
cautioned not to place undue reliance on these forward-looking
statements, which are current only as of this date. Inuvo does not
intend to update or revise any forward-looking statements made
herein or any other forward-looking statements as a result of new
information, future events, or otherwise. Inuvo further expressly
disclaims any written or oral statements made by a third party
regarding the subject matter of this press release.
Inuvo Company Contact: Wally Ruiz Chief
Financial Officer Tel (501) 205-8397 wallace.ruiz@inuvo.com
Investor Relations: KCSA Strategic
CommunicationsValter Pinto, Managing DirectorTel (212)
896-1254Valter@KCSA.com
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