- The stock price of Inuvo Inc (NYSEAMERICAN: INUV) increased by over 5% today. This is why it happened.
The stock price of Inuvo Inc (NYSEAMERICAN: INUV) – a leading provider of marketing technology, powered by artificial intelligence (AI) that serves brands and agencies – increased by over 5% today. Investors are responding positively to Inuvo announcing preliminary unaudited revenue for the third quarter of 2021 totaling an estimated $16.5 million, an increase of approximately 79% year-over-year, as compared to the third quarter of 2020, and approximately 31% sequentially as compared to the second quarter of 2021. And IntentKey and ValidClick revenues are expected to be up roughly 62% and 21% sequentially.
Inuvo presented in track 2 at the LD Micro Main Event today, October 13, 2021 where they will highlight the Artificial Intelligence technology behind the Q3 sales growth.
“Our growth rate accelerated in the third quarter with exceptional year-over-year and quarter-over-quarter performance across both product lines. September was a particularly strong month for new business contracts, which would suggest continued growth throughout the remainder of the year and a return to positive adjusted EBITDA within the fourth quarter of 2021.”
— Rich Howe, Chief Executive Officer of Inuvo
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