Inuvo (INUV) Announces Preliminary Revenue for Q4
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Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology, today announced preliminary unaudited revenue for the fourth quarter and full year 2020.
Preliminary Financial Highlights:
- Revenue totaled $44.6 million for the full year 2020
- Revenue totaled $12.9 million for the fourth quarter 2020, an increase of 40% sequentially
- IntentKey revenue totaled $10.4 million for the full year 2020, an increase of 22% year-over-year
- IntentKey revenue totaled $3.6 million in the fourth quarter of 2020, an increase of 34% year-over-year
- ValidClick revenue totaled $9.3 million for the fourth quarter 2020, an increase of 48.5% sequentially
“We continued to build momentum throughout 2020 after the initial decline experienced in the second quarter resulting from COVID-19. While the impacts of COVID-19 remain present within our industry, we would expect ValidClick to be back to normal within 2021 and the IntentKey to continue growing,” stated Rich Howe, CEO of Inuvo.
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