INUV Stock: Why It Increased Today

By Amit Chowdhry ● Oct 13, 2021
  • 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.

KEY QUOTE:

“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

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.