NYSE$INUV

Inuvo Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Revenue increased significantly, driven by substantial growth in IntentKey and ValidClick, despite seasonal weakness.

Inuvo reported a 75.3% increase in revenue to $18.6 million for the first quarter of 2022, driven by significant growth in IntentKey and ValidClick. The company is focusing on top-line growth and aims to achieve positive adjusted EBITDA for the full year.

  • Revenue increased by 75.3% year-over-year to $18.6 million.
  • IntentKey revenue increased by 280% year-over-year.
  • ValidClick revenue increased by 24% year-over-year.
  • The company had $9.0 million in cash and marketable securities with no debt.

Headline financials

Total Revenue

$18.6M

Previous: $10.6M+75.3%
EPS (adj)

-$0.02

Previous: -$0.02+0.0%
Gross Profit Margin

53.5%

No prior period
Free Cash Flow

-$2.09M

Previous: -$2.15M+2.7%
Net Income

-$2.09M

Previous: -$2.15M+2.7%
Operating Income

-$2.11M

Previous: -$2.59M+18.8%
Gross Profit

$9.95M

Previous: $9.17M+8.4%
Cash & Equivalents

$5.74M

Previous: $17.8M-67.7%
Total Assets

$41M

Previous: $44.5M-8.1%
Stock-Based Comp

$671K

Previous: $395K+70.0%

Revenue & EPS history

Inuvo · Revenue · Quarterly

$18.6M

Q1 2022+75.3%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Inuvo · $7.93M total across 2 segments · Q1 2026

  • Legacy Search
    $4.53M
  • Audience Modeling
    $3.4M

Forward guidance

Inuvo is off to a strong start in the second quarter of 2022 and remains on track to achieve positive adjusted EBITDA for the full year.

Tailwinds

  • Strong start to the second quarter of 2022.
  • On track to achieve positive adjusted EBITDA for the full year.
  • Company is well-positioned to internally fund growth.
  • Expects to drive significant value for shareholders.
  • Diversifying revenues across a growing client base.

Headwinds

  • Industry faces transformation due to new regulatory requirements and privacy concerns.
  • Inability to utilize 3rd party cookies and consumer data impacts competing services.
  • Firefox and Safari have already eliminated cookies.
  • Apple plans to eliminate IP address tracking.
  • Google indicated plans to implement similar changes in 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.6%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.5%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+24.2%

Q1 2022

Best reaction

-29.2%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.8%-20.1%
Q4 2025-3.6%+1.5%-23.6%
Q3 2025-8.9%-3.7%+1.5%
Q2 2025-29.2%-30.6%-38.3%
Q1 2025+5.1%+12.8%+2.6%
Q4 2024-3.9%-9.3%-11.6%
Q3 2024-5.9%-12.5%+41.7%
Q2 2024-5.6%-6.7%-13.3%
Q1 2024-3.9%-8.6%-25.7%
Q4 2023-15.8%-6.1%-30.6%
Q3 2023+18.9%+42.1%+78.9%
Q2 2023+6.2%+4.3%+0.0%
Q1 2023+10.3%+27.6%-13.8%
Q4 2022-20.1%-18.9%-18.9%
Q3 2022-14.4%-17.1%-31.7%
Q2 2022+7.8%+12.2%-2.0%
Q1 2022+24.2%+39.4%+48.5%
Q4 2021+9.6%+13.3%+0.0%
Q3 2021-3.9%-8.2%-21.9%
Q2 2021-4.8%-15.9%-9.8%
Q1 2021-3.0%+7.8%+30.0%
Q4 2020-8.7%+34.5%-20.9%
Q3 2020-13.8%-18.6%-9.3%
Q2 2020-11.2%-12.5%-30.4%
Q1 2020-7.3%+8.3%+108.3%
Q4 2019-15.8%-5.0%+15.0%
Q3 2019-6.8%-3.3%-3.3%
Q2 2019+4.7%+13.6%+27.3%
Q1 2019-2.8%-16.2%+4.4%
Q4 2018-0.8%+0.0%+4.7%
Q3 2018-11.0%-14.0%-16.9%
Q2 2018-0.1%-1.4%-8.7%
Q1 2018-1.0%+1.1%-21.3%
Q4 2017+0.2%-3.6%+8.3%
Q3 2017+2.7%+0.0%+6.0%
Q2 2017-5.5%-11.0%-15.6%
Q1 2017-5.0%-0.8%-6.7%
Q4 2016+2.5%+5.3%-9.2%
Q3 2016+1.7%-6.0%+6.0%
Q2 2016-19.6%-11.1%-20.3%
Q1 2016-5.9%
Q4 2015-6.2%
Q3 2015+5.0%
Q2 2015-1.3%
Q1 2015-2.1%
Q4 2014+17.1%
Q3 2014-1.5%
Q2 2014-6.1%
Q1 2014+13.7%
Q4 2013-3.7%
Q3 2013-2.4%
Q2 2013+5.9%
Q1 2013+7.7%
Q4 2012+4.2%
Q3 2012-8.8%
Q2 2012-6.5%
Q1 2012+5.2%
Q4 2011-11.5%
Q3 2011-3.7%
Q3 2010-3.7%
Q2 2010+5.4%
Q2 2011+5.4%
Q1 2011+7.3%
Q1 2010+7.3%
Q4 2010+7.3%

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