Inuvo Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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,
| 2024 | 2023 | |
|---|---|---|
| Net revenue | $83,793,859 | $73,911,528 |
| Cost of revenue | 12,033,777 | 10,477,272 |
| Gross profit | 71,760,082 | 63,434,256 |
| Operating expenses: | ||
| Marketing costs | 59,663,061 | 51,982,572 |
| Compensation | 12,065,783 | 13,793,309 |
| General and administrative | 5,545,049 | 8,050,890 |
| Total operating expenses | 77,273,893 | 73,826,771 |
| Operating loss | (5,513,811) | (10,392,515) |
| Other income/(expense): | ||
| Financing expense, net of interest income | (266,772) | (29,570) |
| Other income | 26,812 | 14,668 |
| Loss before taxes | (5,753,771) | (10,407,417) |
| Income tax (expense)/benefit | (8,030) | 17,764 |
| Loss from continuing operations | $(5,761,801) | $(10,389,653) |
| Other comprehensive income: | ||
| Unrealized loss on marketable securities | — | 84,868 |
| Comprehensive loss | $(5,761,801) | $(10,304,785) |
| Per common share data: | ||
| Basic and diluted | ||
| Net loss from continuing operations | $(0.04) | $(0.08) |
| Net income from discontinued operations | — | — |
| Net loss | $(0.04) | $(0.08) |
| Weighted average shares: | ||
| Basic | 139,968,374 | 131,116,370 |
| Diluted | 139,968,374 | 131,116,370 |
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