Overview
Inuvo Q3 revenue rose 1% but missed analyst expectations
Net loss for Q3 narrowed to $1.7 mln, beating analyst estimates
Adjusted EPS for Q3 beat consensus, despite lower gross margin
Outlook
Company did not provide specific financial guidance for future quarters in its press release
Result Drivers
NEW CLIENTS - 23 new clients onboarded in Q3 contributed to revenue growth
ADVERTISING REDUCTION - Revenue growth restrained by reduced advertising to comply with major client's new requirements
OPERATING EXPENSES - Operating expenses declined due to reduced marketing spend related to revenue mix changes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $22.60 mln | $25.38 mln (3 Analysts) |
Q3 EPS | Beat | -$0.12 | -$0.14 (3 Analysts) |
Q3 Net Income | Beat | -$1.70 mln | -$1.79 mln (3 Analysts) |
Q3 Gross Margin | 73.40% | ||
Q3 Gross Profit | $16.60 mln | ||
Q3 Operating Expenses | $18.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Inuvo Inc is $11.75, about 74.6% above its November 5 closing price of $2.98
Press Release: ID:nGNX6tHT5Z
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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