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 - Seite 3

INUVO, INC.
RECONCILIATION OF LOSS FROM CONTINUING OPERATIONS BEFORE TAXES TO ADJUSTED EBITDA
(Unaudited)
		Three Months Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
		2017		2016		2017		2016
Loss from continuing operations before taxes		($1,382,371)		($629,292)		($3,074,316)		($249,893)
Interest expense, net		72,660		22,447		115,604		46,055
Depreciation		343,075		327,200		671,129		633,468
Amortization		398,617		234,294		763,738		468,588
Stock-based compensation		293,825		327,110		586,159		686,448
Non-recurring expense associated with acquiring NetSeer		441,041		-		996,467		-
Adjusted EBITDA		$166,847		$281,759		$58,781		$1,584,666

Reconciliation of Loss from Continuing Operations before Taxes to Adjusted EBITDA