Overview

* Inuvo ( INUV ) 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/Mis Actual Consensu

s s

Estimate

Q3 Miss $22.60 $25.38

Revenue mln mln (3

Analysts

)

Q3 EPS Beat -$0.12 -$0.14

(3

Analysts

)

Q3 Net Beat -$1.70 -$1.79

Income mln mln (3

Analysts

)

Q3 Gross 73.40%

Margin

Q3 Gross $16.60

Profit mln

Q3 $18.20

Operatin mln

g

Expenses

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 ( INUV ) is $11.75, about 74.6% above its November 5 closing price of $2.98

Press Release:

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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.)