Inuvo Announces Preliminary 2017 Third Quarter Revenue of $20.3 Million, an Increase of 16.2% Year-Over-Year; Company to Host...
October 17 2017 - 8:01AM
Inuvo, Inc. (NYSE American:INUV), an advertising technology
company, today announced for the 2017 third quarter preliminary
revenue of $20.3 million, an increase of 16.2% compared to the same
third quarter period of the year prior.
“We had a solid third quarter with revenue up over 16%
year-over-year and 11% quarter-over-quarter. Further, gross margins
were up almost 24% year-over-year to 17.2% from 13.9%,” stated Rich
Howe, Executive Chairman of Inuvo. “The monthly run-rate of the
business we acquired in February has almost doubled.”
The Company is in the process of finalizing its financial
statements and expects to announce its comprehensive final
financial results for the 2017 third quarter on November 1, 2017
via press release and Form 10-Q with the SEC. Mr. Richard Howe,
President and Chief Executive Officer, and Mr. Wally Ruiz, Chief
Financial Officer, will host a conference call the same day at 4:15
p.m. (ET).
Conference Call Information: Date: Wednesday,
November 1, 2017 Time: 4:15 p.m. ET Domestic Dial-in Number:
1-888-224-1065 International Dial-in Number: 1-719-325-4755 Live
Webcast: http://public.viavid.com/player/index.php?id=126865
A telephone replay will be available through November 15, 2017.
To access the replay, please dial 1-844-512-2921 (domestic) or
1-412-317-6671 (international). At the system prompt, enter the
code 6373515 followed by the # sign. You will then be prompted for
your name, company and phone number. Playback will then
automatically begin.
About Inuvo, Inc. Inuvo®, Inc. (NYSE
American:INUV) is an advertising technology business. The Inuvo
MarketPlace is a set of technologies designed to connect
advertisers (demand) with consumer audiences through publishers
(supply) across device types. Inuvo has the ability to serve ads
within content, video and images. To learn more about Inuvo, please
visit www.inuvo.com or download our app for Apple
iPhone or for Android.
Forward-looking Statements This press
release contains certain forward-looking statements that are based
upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
"anticipate," "plan," "will," "intend," "believe" or "expect" or
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and other factors, some of which are
beyond our control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements, including, without limitation,
statements made with respect to expectations with respect to our
lack of profitable operating history, successful integration of the
NetSeer business, changes in our business, potential need for
additional capital, fluctuations in demand; changes to economic
growth in the U.S. economy; and government policies and
regulations, including, but not limited to those affecting the
Internet, all as set forth in our Annual Report on Form 10-K for
the year ended December 31, 2016. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements, many of which are generally outside the control of
Inuvo and are difficult to predict. Inuvo undertakes no obligation
to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Company Contact:Inuvo, Inc. Wally Ruiz
Chief Financial Officer 501-205-8397 wallace.ruiz@inuvo.com
Investor Contact:KCSA Strategic Communications
Valter Pinto, Senior Vice President 212-896-1254
valter@kcsa.com
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