EXCLUSIVE: AI-Based Ad Solution Firm Inuvo Reports Positive Q3 Free Cash Flow And Adjusted EBITDA, Sales Jump 44%

Inuvo Inc (NYSE: INUV) has reported Q3 net revenue of $24.6 million, compared to $17.1 million for the same period last year, beating the consensus of $17.254 million. The higher revenues were primarily attributable to an increased focus on Indirect channels since the start of the year. The change in the mix between Direct and Indirect revenue in 2023 is attributed to this change in focus. Indirect channels provide access to multiple end clients. The gross profit margin was 90.7% compared to 60.3% a year ago due to changes in revenue mix, where a greater percentage of the revenue this year was…

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