{"content":[{"text":"IntentKey revenue, which accounted for 20.1% of overall revenue during the first quarter of \n 2021 as compared to 12.4% for the same period the year prior, grew 15% year-over-year to \n $2.1 million for the first quarter of 2021 as compared to $1.9 million for the first quarter in \n 2020.","bbox":{"left":0.098039,"top":0.06867,"width":0.792806,"height":0.07090400000000001}},{"text":"Cost of revenue for the first quarter ended March 31, 2021, totaled $1.4 million as compared \n to $3.4 million during the same period the year prior. The decrease in the cost of revenue for \n the quarter ended March 31, 2021, compared to the same quarter in 2020 was due primarily \n to lower year-over-year revenues within ValidClick as a result of the pandemic.","bbox":{"left":0.098039,"top":0.155791,"width":0.799269,"height":0.070905}},{"text":"Gross profit margin for the first quarter of 2021 improved to 86.4% as compared to 77% for \n the same period the year prior. Gross profit totaled $9.2 million for the first quarter ended \n March 31, 2021, as compared to $11.5 million for the same period the year prior, a decrease \n of 20.2%.","bbox":{"left":0.098039,"top":0.242913,"width":0.800408,"height":0.07090400000000002}},{"text":"Operating expenses decreased 16.1% to $11.8 million for the first quarter of 2021 as \n compared to $14 million for the same period the year prior.","bbox":{"left":0.098039,"top":0.330034,"width":0.732881,"height":0.03491900000000003}},{"text":"Other income in the quarter included $420,000 dollars in licensing obligations for the use of \n ValidClick associated with a contract signed in March of 2020 that ended in March of 2021.","bbox":{"left":0.098039,"top":0.38117,"width":0.788402,"height":0.03492000000000001}},{"text":"The net loss for the first quarter of 2021 totaled $2.2 million or $0.02 per basic and diluted \n share as compared to the net loss of $2.8 million or $0.05 per basic and diluted share for the \n same period the year prior.","bbox":{"left":0.098039,"top":0.432306,"width":0.800388,"height":0.052912000000000015}},{"text":"Adjusted EBITDA was a loss of $878 thousand in the first quarter of 2021, an improvement \n of 36% year-over-year.","bbox":{"left":0.098039,"top":0.501435,"width":0.786258,"height":0.03492000000000006}},{"text":"Liquidity and Capital Resources: \n On March 31, 2021, Inuvo had $17.8 million in cash, $16.8 million of working capital, an \n unused working capital facility of $5 million and no debt.","bbox":{"left":0.098039,"top":0.552572,"width":0.7578790000000001,"height":0.05291100000000004}},{"text":"As of March 31, 2021, Inuvo had 118,518,445 common shares issued and outstanding.","bbox":{"left":0.098039,"top":0.6217,"width":0.7547780000000001,"height":0.016927000000000025}},{"text":"Conference Call Details: \n The Company will host a conference call on Thursday, May 13, 2021 at 4:30 p.m. Eastern \n Time (ET) to discuss its financial results for the first quarter ended March 31, 2021 and \n provide a business update.","bbox":{"left":0.098039,"top":0.654844,"width":0.777526,"height":0.070905}},{"text":"Conference Call Details: \n Date: Thursday, May 13, 2021 \n Time: 4:30 p.m. Eastern Time \n Toll-free Dial-in Number: 1-800-289-0438 \n International Dial-in Number: 1-323-794-2423 \n Conference ID: 9502309 \n Participant Link: http://public.viavid.com/index.php?id=144549","bbox":{"left":0.098039,"top":0.741966,"width":0.536143,"height":0.12488100000000002}},{"text":"A telephone replay will be available through Thursday, May 27, 2021. To access the replay, \n please dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). At the system \n prompt, please enter the code 9502309 followed by the # sign. You will then be prompted for \n your name, company, and phone number. Playback will then automatically begin.","bbox":{"left":0.098039,"top":0.883064,"width":0.8014899999999999,"height":0.07090400000000008}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}