Inuvo, Inc. demonstrated a robust financial performance in Q1 2024 with a significant 44% year-over-year revenue increase to $17 million. The company aims to surpass $100 million in annual revenues and achieve positive adjusted EBITDA and free cash flow.
Gross profit surged by 72% to $14.9 million, reflecting an 87.7% gross profit margin. Despite increased operating expenses, net loss improved to $2.1 million, and adjusted EBITDA loss reduced to $1 million.
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