Inuvo Inc

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

INUV$0.38-3.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations and Comprehensive Loss

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2024	2023	2024	2023
Net revenue	$22,371,153	$24,570,588	$57,603,935	$53,069,433
Cost of revenue	2,594,642	2,274,626	7,599,872	7,833,729
Gross profit	19,776,511	22,295,962	50,004,063	45,235,704
Operating expenses
Marketing costs	17,006,131	17,625,806	42,540,355	36,769,972
Compensation	3,106,384	3,525,943	9,362,474	10,202,200
General and administrative	1,607,258	2,335,295	3,835,162	6,229,069
Total operating expenses	21,719,773	23,487,044	55,737,991	53,201,241
Operating loss	(1,943,262)	(1,191,082)	(5,733,928)	(7,965,537)
Financing (expense), net of interest income	(101,031)	19,852	(163,862)	(37,454)
Other income	—	250	—	14,668
Income tax expense	—	—	(5,352)	—
Net loss	(2,044,293)	(1,170,980)	(5,903,142)	(7,988,323)
Other comprehensive income
Unrealized loss on marketable securities	—	—	—	84,868
Comprehensive loss	$(2,044,293)	$(1,170,980)	$(5,903,142)	$(7,903,455)
Per common share data
Basic and diluted:
Net loss	$(0.01)	$(0.01)	$(0.04)	$(0.06)
Weighted average shares
Basic	140,454,840	127,381,051	139,791,180	128,793,522
Diluted	140,454,840	127,381,051	139,791,180	128,793,522

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.