Inuvo, Inc. (NYSE:INUV) announced its financial results for the first quarter ended March 31, 2025, on Friday.
Revenue climbed 57% year-over-year to $26.7 million, marking the highest revenue in the company’s history. The analyst consensus estimate was $23.7 million.
A 61% increase within Platforms and a 31% increase within Agencies & Brands drove the topline growth.
Also Read: Inuvo Is Better Aligned With Consumer Demand For Privacy, New Regulations: Analyst
The revenue cost was $5.6 million, compared to $2.1 million Y/Y, due to higher Platform revenue and introducing a new product.
Gross profit increased 41% to $21.1 million. Due to changes in product mix, the margin declined to 79%, down from 87.7% year over year.
Net loss per share was 1 cent, in line with the analyst consensus estimate and compared to a loss of 2 cents a year ago.
The adjusted EBITDA loss was $22 thousand, compared to a $1.0 million Y/Y loss. Inuvo held $2.6 million in cash and equivalents as of March 31, 2025.
During the quarter, the company launched the enhanced IntentKey Self-Serve Platform, an advanced AI agent for audience discovery and targeting.
It added 20 new IntentKey clients and now has 15 self-service clients.
CEO Richard Howe said it marked its second consecutive quarter, with 57% Y/Y growth driven by both product lines, despite the first quarter being its typically weakest quarter.
Price Action: At the last check on Friday, INUV stock traded higher by 3.81% to $0.409 premarket.
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