{"content":[{"text":"May 13, 2021","bbox":{"left":0.098039,"top":0.06867,"width":0.11872899999999999,"height":0.016926999999999998}},{"text":"Inuvo Announces Financial Results for the \n First Quarter Ending March 31, 2021","bbox":{"left":0.098039,"top":0.142075,"width":0.795306,"height":0.06889199999999998}},{"text":"LITTLE ROCK, Ark., May 13, 2021 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: \n INUV), a leading provider of marketing technology, today announced its financial results for \n the first quarter ending March 31, 2021.","bbox":{"left":0.098039,"top":0.232496,"width":0.788392,"height":0.05291200000000004}},{"text":"Richard Howe, CEO of Inuvo, stated, “We continued growing both within the IntentKey \n platform, which was up 15% year-over-year, and within the ValidClick platform which has \n grown 9% compounded monthly since its pandemic low in May of 2020. The first quarter is \n our seasonally soft quarter and as such we anticipate our overall growth in Q2 to accelerate \n and exceed 50% year-over-year on the back of this continued post-pandemic growth within \n both product lines.” Mr. Howe added, “While we had a negative Adjusted EBITDA in the \n quarter, it was a 36% year-over-year improvement, which supports our projections that we \n should be back to producing positive Adjusted EBITDA within the second half of the year. \n We have a strong balance sheet with $17.8 million of cash and we believe we could not be \n better positioned to capture market share when the 3rd party cookie disappears in 2022.”","bbox":{"left":0.098039,"top":0.301625,"width":0.792768,"height":0.18169900000000005}},{"text":"Operational Highlights During the First Quarter of 2021 to Date:","bbox":{"left":0.098039,"top":0.499541,"width":0.588867,"height":0.016927000000000025}},{"text":"Launched the Software-as-a-Service (SaaS) version of the IntentKey with multiple \n clients now committed and/or already using the solution. \n Signed multiple new clients for the IntentKey platform among which included two of the \n most respected technology companies in the world. \n Signed a Casino/Resort company where for the first time the entire suite of IntentKey \n capabilities and channels were leveraged concurrently. \n Renewed our largest ValidClick partner, one of the largest companies in the world, for \n an additional 2-year term. \n Delivered results to IntentKey clients that exceeded their goals by 48% and in at least \n one case delivered in excess of an 88:1 Return on Advertising Spend. \n Raised $14.25 million in additional capital bringing our cash balance at the end of \n March 2021 to $17.8 million. \n Continued to successfully deliver cookieless campaigns that position Inuvo well for the \n industry disruption coming in 2022. \n Expanded sales, sales support, and account management to 18 people, two of which \n were hired in Canada to support the IntentKey’s expansion North.","bbox":{"left":0.147059,"top":0.532685,"width":0.751349,"height":0.286814}},{"text":"Financial Results for the First Quarter Ended March 31, 2021: \n Net revenue for the first quarter ended March 31, 2021, totaled $10.6 million as compared to \n $14.9 million during the same period in the year prior, a decrease of 28.9% year-over-year \n predominately due to pandemic-induced lower revenue within the ValidClick platform. \n Revenue for the month of March 2021 for ValidClick was up 143% over its low revenue \n month in May 2020.","bbox":{"left":0.098039,"top":0.835716,"width":0.799297,"height":0.10688900000000001}}],"images_bbox":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.053977}],"images_bbox_not_text_overlap":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.053977}]}