Inuvo Artificial Intelligence Platform, IntentKey™, Expected to Generate $9.4 Million in Revenue in 2019
September 25 2019 - 8:31AM
Inuvo, Inc. (NYSE American: INUV), a leading provider of
marketing technology, powered by artificial intelligence that
serves brands and agencies, today is providing shareholders with a
financial update on its artificial intelligence platform, the
IntentKeyTM.
Following the integration with the AppNexus Platform in the
first quarter of 2019, the IntentKeyTM has continued to deliver
strong results for clients with a sequential quarterly growth rate
in 2019 that is expected to be approximately 35%. The IntentKey™
generated revenue of $1.3 million and $2.0 million during the first
and second quarter of 2019, respectively. For the third and fourth
quarters of 2019, the Company expects the IntentKey™ to generate
revenue of $2.6 million and $3.5 million, respectively. For the
full year 2019, Inuvo expects the IntentKeyTM to generate
approximately $9.4 million in revenue.
Richard Howe, Chairman and CEO of Inuvo, commented, “Demand for
the IntentKey™ remains strong with growth, retention, pipeline and
close rates all positive. We are executing on our plan to hire
additional sales professionals to fuel continued growth while
adding additional resources to ensure retention and delivery.”
About the IntentKey™ Inuvo®’s
IntentKey™ is a patented, machine-learning technology designed
to mirror the manner in which the human brain instantly associates
ideas, emotions, places, people, and objects. It creates an
accurate, high-definition picture of consumer intent and sentiment
related to a particular topic or item. Inuvo harnesses the power of
the IntentKey™ to discover and reach high volumes of
incremental in-market and relevant audiences that are hidden from
typical marketing approaches. The IntentKey™ enables pinpoint
media execution reaching consumers throughout the purchasing funnel
all the way to conversion.
About Inuvo Inuvo®, Inc. (NYSE American: INUV)
is a market leader in artificial intelligence, aligning and
delivering consumer-oriented product & brand messaging
strategies online based on powerful, anonymous and proprietary
consumer intent data for agencies, advertisers and partners. To
learn more, visit www.inuvo.com.
Safe Harbor / 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 subject to risks and uncertainties that may cause
actual results to differ materially, including market conditions,
risks associated with the cash requirements of our business and
other risks detailed from time to time in our filings with the
Securities and Exchange Commission, 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. 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.
Inuvo Company Contact: Wally Ruiz Chief
Financial Officer Tel (501) 205-8397 wallace.ruiz@inuvo.com
Investor Relations: KCSA Strategic
Communications Valter Pinto, Managing Director Tel (212) 896-1254
Valter@KCSA.com
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