Inuvo Announces Preliminary Year-Over-Year Revenue Growth of 16.8% for the 2017 Second Quarter; Company to Host Financial Results Conference Call on August 8th
LITTLE ROCK, AR--(Marketwired - Jul 26, 2017) - Inuvo, Inc. (NYSE MKT: INUV), an advertising technology company, today announced for the 2017 second quarter preliminary revenue of $18.3 million, adjusted EBITDA of $167 thousand, and GAAP net loss of $1.4 million which includes approximately $1.4 million of non-cash operating expenses and non-recurring costs related to the NetSeer acquisition. Revenue during this period increased 16.8% compared to the same second quarter period of the year prior.
"As we near the completion of the integration of NetSeer, we remain excited about our ability to leverage the resources, technologies and relationships that were acquired in the transaction," stated Rich Howe, Executive Chairman of Inuvo. "As our industry consolidates, we believe we are well positioned to take advantage of the changes going on within our markets. We remain committed to scaling the business while maintaining fiscally responsible adjusted EBITDA objectives."
The Company is in the process of finalizing its financial statements and expects to announce its comprehensive final financial results for the 2017 second quarter on August 8, 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: Tuesday, August 8, 2017
Time: 4:15 p.m. ET
Domestic Dial-in number: 1-888-259-8544
International Dial-in number: 1-913-312-0958
Live webcast: http://public.viavid.com/player/index.php?id=125426
A telephone replay will be available through August 22, 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 1976309 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 MKT: 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.