Inuvo, Inc. (INUV) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 PRESIDENT CLINTON AVE., STE. 300
LITTLE ROCK, AR 72201
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,50013,3007,8913732294,085
Cash and cash equivalents2,93110,4767,8913732294,085
Short-term investments 1,5291,928    
Other undisclosed cash, cash equivalents, and short-term investments 39896    
Receivables11,1209,2666,2287,5306,71210,759
Prepaid expense7991,408413238260396
Other undisclosed current assets(39)(896) 6124
Total current assets:16,38023,07814,5328,1477,21215,244
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization169202396 
Operating lease, right-of-use asset310641607 
Property, plant and equipment1,6691,5071,1871,374  
Long-term investments and receivables 660860    
Long-term investments 660860    
Intangible assets, net (including goodwill)15,50316,57418,43920,30519,29520,661
Goodwill9,8539,8539,8539,8539,8539,853
Intangible assets, net (excluding goodwill)5,6496,7218,58610,4529,44210,808
Other noncurrent assets6736218653536
Other undisclosed noncurrent assets8001,100    
Total noncurrent assets:19,17820,91920,65022,54419,33020,697
Other undisclosed assets     2,1242,306
TOTAL ASSETS:35,55743,99735,18230,69128,66638,248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,20710,2198,26511,57811,98916,502
Accounts payable8,0454,8454,0487,5219,50013,614
Accrued liabilities5,1625,3744,2164,0572,4902,888
Debt1011032475372504,900
Derivative instruments and hedges, liabilities    182  
Other undisclosed current liabilities2883402183,3811,860 
Total current liabilities:13,59610,6638,72915,67814,09921,402
Noncurrent Liabilities
Long-term debt and lease obligation71406482 1,000 
Long-term debt, excluding current maturities     1,000 
Finance lease, liability7110593 
Liabilities, other than long-term debt1421206812,471193427
Deferred income tax liabilities1071071072,019
Other liabilities1113574452193427
Operating lease, liability24301389 
Other undisclosed noncurrent liabilities     2,3402,332
Total noncurrent liabilities:2125271,1632,4713,5332,759
Total liabilities:13,80811,1899,89218,15017,63224,160
Equity
Equity, attributable to parent21,74932,80825,28912,54111,03414,087
Common stock12011998523329
Treasury stock, value    (1,397)(1,397)(1,397)
Additional paid in capital178,772176,587161,541144,844138,868136,034
Accumulated other comprehensive income (loss) (85)54    
Accumulated deficit(157,058)(143,951)(136,350)(130,958)(126,470)(120,579)
Total equity:21,74932,80825,28912,54111,03414,087
TOTAL LIABILITIES AND EQUITY:35,55743,99735,18230,69128,66638,248

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues75,60459,83144,64061,52573,33179,554
Revenue, net79,554
Revenue from related parties18,300    
Cost of revenue(30,244)(15,926)(8,296)(22,701)(29,921)(36,670)
Cost of goods and services sold      
Gross profit:45,35943,90536,34438,82443,40942,885
Operating expenses(58,009)(51,675)(44,392)(46,563)(48,880)(47,121)
Operating loss:(12,650)(7,771)(8,049)(7,738)(5,470)(4,236)
Nonoperating income (expense)(436)2579983,398(420)(318)
Investment income, nonoperating (436)(267)    
Gain on contract termination   1,261   
Other nonoperating income      
Interest and debt expense   (66)(193)(40)(26)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (188)(289)4026
Loss from continuing operations before income taxes:(13,085)(7,514)(7,305)(4,823)(5,891)(4,555)
Income tax benefit    334 1,498
Loss from continuing operations:(13,085)(7,514)(7,305)(4,488)(5,891)(3,057)
Loss before gain (loss) on sale of properties:(7,514)(7,305)(4,488)(5,891)(3,058)
Loss from discontinued operations      (1)
Net loss:(13,085)(7,514)(7,305)(4,488)(5,891)(3,058)
Other undisclosed net loss attributable to parent(21)(87)    
Net loss available to common stockholders, diluted:(13,107)(7,601)(7,305)(4,488)(5,891)(3,058)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(13,085)(7,514)(7,305)(4,488)(5,891)(3,058)
Comprehensive loss:(13,085)(7,514)(7,305)(4,488)(5,891)(3,058)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(160)(33)    
Comprehensive loss, net of tax, attributable to parent:(13,245)(7,547)(7,305)(4,488)(5,891)(3,058)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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