Inuvo Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
INUV$0.38-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
For the Years Ended December 31,
| 2023 | 2022 | |
|---|---|---|
| Net revenue | $73,911,528 | $75,603,745 |
| Cost of revenue | 10,477,272 | 30,244,387 |
| Gross profit | 63,434,256 | 45,359,358 |
| Operating expenses: | ||
| Marketing costs | 51,982,572 | 36,921,139 |
| Compensation | 13,793,309 | 12,463,095 |
| General and administrative | 8,050,890 | 8,624,998 |
| Total operating expenses | 73,826,771 | 58,009,232 |
| Operating loss | (10,392,515) | (12,649,874) |
| Income tax benefit (expense) | 17,764 | — |
| Financing, other | (29,570) | (21,111) |
| Other (expense)/income, net | 14,668 | (435,554) |
| Net loss | $(10,389,653) | $(13,106,539) |
| Other comprehensive income | ||
| Unrealized (loss)/gain on marketable securities | 84,868 | (138,605) |
| Comprehensive loss | $(10,304,785) | $(13,245,144) |
| Per common share data: | ||
| Basic and diluted | ||
| Net loss | $(0.08) | $(0.11) |
| Weighted average shares: | ||
| Basic | 131,116,370 | 119,826,036 |
| Diluted | 131,116,370 | 119,826,036 |
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