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as of 11-13-2026 3:55pm EST

$0.27
$0.11
-29.38%
Stocks Consumer Discretionary Advertising Nasdaq

Inuvo Inc is an advertising technology and services company that has developed and commercialized large language generative artificial intelligence (AI) for modeling media audiences. Its products and services include ValidClick and IntentKey. The company's platforms identify and message online audiences for any product or service across devices, channels, and formats, including video, mobile, connected TV, display, social, and native. It has clients from various industries that include retail, automotive, insurance, health care, technology, telecommunications and finance. Inuvo's revenue is derived from the placement of digital advertising throughout devices, websites, applications and browsers across social, search and programmatic advertising channels.

Founded: N/A Country:
United States
United States
Employees: 51 City: LITTLE ROCK
Market Cap: 6.3M IPO Year: 1996
Target Price: $3.50 AVG Volume (30 days): 71.1K
Analyst Decision: Strong Buy Number of Analysts: 3
Dividend Yield:
N/A
Dividend Payout Frequency: N/A
EPS: -0.15 EPS Growth: 50.00
52 Week Low/High: $0.38 - $3.80 Next Earning Date: 11-12-2026
Revenue: $86,209,305 Revenue Growth: 2.88%
Revenue Growth (this year): -63.41% Revenue Growth (next year): 12.51%
P/E Ratio: -2.56 Index: N/A
Free Cash Flow: -3388204.0 FCF Growth: N/A

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q3

Q3 2026 Earnings

8-K SELL

Nov 13, 2026 · 100% conf.

AI Prediction SELL

1D

-11.82%

$0.24

5D

-15.55%

$0.23

20D

+497.11%

$1.62

Price: $0.27 Prob +5D: 0% AUC: 1.000
0001654954-26-009773

EX-99.1

2 inuvo_ex991.htm

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EXHIBIT 99.1

Inuvo Third Quarter 2026 Results Reflect Inflection Point as IntentKey Pipeline Builds

IntentKey’s Privacy-By-Design Value Proposition Resonates as Sales Pipeline Builds

Legacy Search Revenue Stabilizes

Management to host conference call at 4:15 PM ET, Thursday, November 12, 2026

LITTLE ROCK, AR, November 12, 2026 – Inuvo, Inc. (NYSE American: INUV), a provider of artificial intelligence-driven solutions for modeling media audiences, today announced financial results for the third quarter and nine months ended September 30, 2026, and provided a business update.

Recent Business Highlights

· Audience Modeling Revenue Down While Pipeline Builds: Third quarter Audience Modeling revenue was 24% lower year-over-year while our sales pipeline expanded across automotive, travel, healthcare and financial verticals, reflecting the dynamics of our strategic pivot.

· Legacy Search Stabilization: Strategic moves to rationalize Legacy Search results in stabilized revenue streams as Legacy Search covers its direct operating costs.

· Expanded Workflow Integration: Completed IntentKey MCP integration with Anthropic’s Claude, enabling seamless AI and agentic workflow integration for marketers.

· White-Label Partner Program Launched: Opened a new route to market by expanding IntentKey to include partner program that enables agency partners to offer IntentKey under their own brand.

· Uninterrupted Service Through Apple iOS Updates: IntentKey continued to perform for clients on Safari as Apple's latest iOS update continues to choke identity-based ad delivery, significantly impacting competing adtechs.

· Enhanced IntentKey Dynamic Targeting: Launched privacy-first neighborhood targeting that identifies where interest is rising and updates hourly, enabling IntentKey to reach CTV audiences without user-level identifiers.

“Our third quarter performance marks a decisive inflection point,” said Rob Buchner, Chairman and CEO of Inuvo. “With Legacy Search stabilized after several quarters of negative cash flow, we are accelerating into an advertising environment that urgently requires privacy-first AI solutions. As legacy ad tech platforms struggle to adapt to industry turbulence, demand is concentrating around IntentKey’s core strengths: privacy, precision, speed, and proven discovery of net-new audiences. During the fourth quarter, we are executing aggressively our plan to close our growing sales pipeline, grow our client base, and embed our data into next-generation agentic workflows.”

1

Financial Results for the Third Quarter 2026

Net revenue decreased 70% to $6.8 million in the third quarter of 2026 compared with the same period in 2025, led by an 80% year-over-year decline in Legacy Search revenue resulting from structural changes in the industry and the reset of the Company’s Bonfire platform. Third quarter 2026 Audience Modeling revenue decreased 24% compared with the third quarter of 2025, reflecting lower spend from a key client. In addition, the Company overhauled its sales team and go-to-market strategy in early summer 2026, which has resulted in an expanding sales pipeline, but fewer revenue conversions during the quarter as sales progress through the typical sales cycle of four-to-six months.

Third quarter 2026 gross margin was 44%, compared with 73% in the third quarter of 2025. The change was driven by the contraction in Legacy Search and the resulting shift in revenue mix. Legacy Search has historically carried a higher gross margin but a lower direct operating margin than Audience Modeling, as a lower proportion of its costs are recorded in cost of revenue and a greater portion in marketing and other operating expenses.

Third quarter 2026 operating expenses were $7.8 million and included a $2.4 million non-cash charge related to the impairment of certain intangible and long-lived assets related to Legacy Search. Operating expenses were also impacted by a 90% year-over-year decrease in marketing costs attributable to lower traffic acquisition costs associated with Legacy Search and a 35% year-over-year decrease in compensation costs related to cost optimization efforts made earlier in the year. Operating loss for the third quarter of 2026 was $4.8 million compared with $1.7 million in the third quarter of 2025. Financing expense, net was $0.4 million compared with $0.1 million in the prior-year period, reflecting the secured promissory notes issued in June 2026. Other income of $0.3 million reflected a net gain on the change in fair value of notes payable.

Net loss for the third quarter of 2026 was $5.0 million, or $0.28 per share, compared with a net loss of $1.7 million, or $0.12 per share, in the same period in 2025. Adjusted EBITDA for the third quarter of 2026 was a loss of $1.6 million, compared with a loss of $0.7 million in the third quarter of 2025.

Liquidity and Capital Resources

During the quarter, the Company completed

2026
Q2

Q2 2026 Earnings

8-K SELL

Aug 11, 2026 · 100% conf.

AI Prediction SELL

1D

-11.11%

$0.92

Act: -17.05%

5D

-14.51%

$0.88

20D

-13.92%

$0.89

Price: $1.03 Prob +5D: 0% AUC: 1.000
0001654954-26-007482

EX-99.1

4 inuvo_ex991.htm

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inuvo_ex991.htm

EXHIBIT 99.1

Inuvo Reports Second Quarter 2026 Results

Audience Modeling Revenue Grows 19% as Company Streamlines Legacy Search and Strengthens Capital Position

Management to host conference call at 4:15 PM ET, Tuesday, August 11, 2026

LITTLE ROCK, AR, August 11, 2026 – Inuvo, Inc. (NYSE American: INUV), a leader in artificial intelligence advertising technology, today announced financial results for the second quarter ended June 30, 2026, and provided a business update.

Recent Business Highlights

· Audience Modeling Revenue Growth: Second quarter Audience Modeling revenue grew 19% year over year, driven by recent client wins and increased investment from existing IntentKey customers.

· Enterprise Sales Momentum: Added five new brand-direct relationships, including two with Fortune Global 500 companies.

· Legacy Search Rationalization: Made decisive moves to eliminate cash and margin drag from Legacy Search by lowering costs.

· Stronger Capital Position: Completed financing transactions with combined gross proceeds of approximately $13 million, of which approximately $10 million was received in the second quarter and approximately $3 million was received in July. Proceeds were used to retire prior debt facilities and add working capital.

· Expanded IntentKey Applications: Expanded IntentKey intelligence application beyond traditional consumer advertising, while continuing product innovation designed to broaden access to the technology.

“During the second quarter, we made meaningful progress in our strategic pivot towards an IntentKey-focused future,” said Rob Buchner, Chairman and CEO of Inuvo. “We took decisive steps to strengthen the business by streamlining our Legacy Search to operate leaner and more profitably and by strengthening our balance sheet and extending our cash runway. Our sharpened go-to-market strategy yielded growth in both second quarter Audience Modeling revenue and our sales pipeline. As we look ahead at the back half of the year, we believe these moves have better positioned us to operate from a place of strength as we continue to execute on our top-line growth plans.”

Financial Results for the Second Quarter 2026

Net revenue decreased 67% to $7.5 million in the second quarter of 2026 compared with the same period in 2025. This decline was due to an 80% year-over-year decrease in Legacy Search revenue, driven by the 2025 strategic reset of the Bonfire platform and ongoing structural changes in the industry. Partially offsetting this decline was a 19% increase in Audience Modeling revenue, reflecting the continued strategic pivot towards IntentKey as the company’s future growth driver.

1

Gross profit declined $13.8 million to $3.3 million in the second quarter of 2026 driven primarily by a change in revenue mix resulting from the contraction in Legacy Search revenue. Note that Legacy Search revenue historically carries a higher gross margin, but lower operating margin, as a lower proportion of its costs are recorded in cost of revenue and a greater portion is reflected in operating expenses.

Second quarter 2026 operating expenses were $6.4 million, a decrease of $12.8 million, or 67%, compared with the same period in 2025, driven by lower marketing and compensation costs associated with lower Legacy Search revenue. Second quarter operating loss was $3.0 million in 2026 compared to $2.0 million in 2025.

Other expenses for the second quarter included a charge of $0.9 million related to the extinguishment of debt associated with the Company’s financing transactions.

Net loss for the second quarter of 2026 was $4.0 million, or $0.27 per share, compared with a net loss of $1.5 million, or $0.10 per share, in the same period in 2025. Adjusted EBITDA for the second quarter of 2026 was a loss of $1.8 million, compared with a loss of $0.6 million in the second quarter of 2025.

Liquidity and Capital Resources

During the quarter, the Company entered into a purchase agreement issuing two secured promissory notes for gross proceeds of $10.3 million. Subsequent to the end of the second quarter, the company completed a registered direct offering of common stock and pre-funded warrants for gross proceeds of $3.0 million. The proceeds from these transactions were used to retire existing debt and provide working capital for the business.

As of June 30, 2026, the Company had $886 thousand in cash and cash equivalents and $6.2 million in restricted cash. These amounts do not include the impact of the offering of stock and warrants that occurred subsequent to quarter end. As of June 30, 2026, the Company’s prior convertible promissory note and receivables-based credit facility had been extinguished.

2

2026 Outlook

For the balance of 2026, Inuvo currently expects:

· Audience Modeling Growth – Continued year-over-year revenue growth for 2026, supported by a healthy sales pipeline.

· Legacy Search - Stabilized quarterly revenue,

2026
Q1

Q1 2026 Earnings

8-K SELL

May 14, 2026 · 100% conf.

AI Prediction SELL

1D

-10.39%

$1.73

Act: -19.70%

5D

-14.07%

$1.66

Act: -19.69%

20D

-13.01%

$1.68

Act: -24.87%

Price: $1.93 Prob +5D: 0% AUC: 1.000
0001654954-26-004902

EX-99.1

2 inuvo_ex991.htm

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EXHIBIT 99.1

Inuvo Reports First Quarter 2026 Results

IntentKey® Momentum Continues Amid Legacy Search Reset

Management to host conference call at 4:15 PM ET, Thursday, May 14, 2026

LITTLE ROCK, AR, May 14, 2026 – Inuvo, Inc. (NYSE American: INUV), a leader in artificial intelligence-driven advertising technology, today announced financial results for the first quarter ended March 31, 2026 and business updates.

Recent 2026 Highlights

·

Audience Modeling (f/k/a Agencies & Brands) Revenue Growth & Pipeline Strength:First Quarter Audience Modeling revenue grew 13% year over year on stronger client investment in IntentKey and sharpened go-to-market strategy. IntentKey pipeline remains robust.

·

Enterprise Sales Momentum:Added five new major brands to IntentKey client roster, including three in the Fortune 500.

·

Legacy Search (f/k/a Platforms) Reset:Legacy Search appears to have stabilized following the Bonfire reset. Costs reduced to better align with ongoing Bonfire revenue pressure.

·

Platform Integrations: Launched IntentKey 4.5, announced integration with FreeWheel Buyer Cloud (a Comcast Company NYSE: CMCSA), and completed SSP and DSP integrations that expand addressable market.

·

New Leadership: Rob Buchner appointed Chairman and CEO.

“The seismic changes in our industry have created a clear divide between legacy tech and the future of AI-driven media, and Inuvo sits squarely at this intersection,” said Rob Buchner, Chairman and CEO of Inuvo. “As speed, adaptability, and intelligence at the point of media decisioning become the new currency of advertising, we are deliberately accelerating our pivot toward IntentKey while taking the steps needed to align Legacy Search costs with today’s revenue realities and structural erosion of the search business. Our first quarter results reflect this shift, and we believe we are making the right moves to build a more scalable, resilient business while remaining clear-eyed about the challenges facing the broader search marketplace.”

Financial Results for the First Quarter 2026

Beginning with the first quarter 2026 earnings results, the Company has renamed its business channels, where “Agencies and Brands” will now be referred to as “Audience Modeling” and “Platforms” will now be referred to as “Legacy Search.” A more fulsome description of these business channels is included in the Company’s 10-Q for the quarter ended March 31, 2026, expected to be filed today.

1

Net revenue decreased 70%, or $18.8 million, to $7.9 million in the first quarter of 2026 compared with the same period in 2025. This decline was driven by ongoing pressure on Legacy Search revenue resulting from the strategic reset of the Bonfire platform in late 2025. Partially offsetting this decline was a 13% increase in net revenue from Audience Modeling driven by increased investment in the IntentKey go-to-market strategy. Gross profit declined $17.4 million, or 82.6%, to $3.7 million in the 2026 first quarter compared to the 2025 first quarter as a result of lower revenue.

First quarter 2026 operating expenses were $7.5 million, a decrease of $15.3 million compared to the same period in 2025. This year-over-year decrease was the result of lower marketing costs associated with Legacy Search-related costs. Lower operating expenses for the 2026 first quarter partially offset the decrease in gross profit, resulting in an operating loss of $3.9 million, compared with an operating loss of $1.8 million in the first quarter of 2025.

Other income for the 2026 first quarter was $6.2 million, reflecting gross proceeds associated with a one-time, non-recurring settlement of a class action lawsuit.

During the first quarter of 2026, the Company generated net income of $1.9 million, or $0.13 per diluted share, compared with a net loss of $1.3 million, or $0.09 per diluted share, in the same period of 2025. Adjusted EBITDA for the first quarter of 2026 was a loss of $2.1 million, compared with a loss of $0.02 million in the first quarter of 2025.

Liquidity and Capital Resources

As of March 31, 2026, the Company had $2.9 million in cash and cash equivalents and access to a $10.0 million working capital facility, of which none was drawn.

2026 Outlook

Inuvo’s 2026 goals are to execute on four strategic pillars, intended to drive significant revenue growth and a stronger, more resilient, compounding business:

·

Go-to-market focus — Inuvo is driving to secure more upstream, brand-direct engagements and partnerships utilizing aligned deal teams.

·

Raising IntentKey’s industry profile – Inuvo intends to drive growth in its IntentKey products through intentional elevation of the brand.

·

Continued product innovation – Inuvo is driving advancement of its suite of products to both deepen budget commitments and expand its addressable market.

·

High-margin growth – Inuvo is focused on driving platform-led, higher margin revenues into the bu

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