Inuvo, Inc. (INUV) financial statements (2022 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
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:13,3007,8913732294,0853,9474,257
Cash and cash equivalents10,4767,8913732294,0853,9474,257
Short-term investments1,928      
Other undisclosed cash, cash equivalents, and short-term investments896      
Receivables9,2666,2287,5306,71210,7597,5867,001
Prepaid expense1,408413238260396284346
Other undisclosed current assets(896) 6124916
Total current assets:23,07814,5328,1477,21215,24411,82611,620
Noncurrent Assets
Finance lease, right-of-use asset202396 
Operating lease, right-of-use asset641607 
Property, plant and equipment1,5071,1871,374    
Long-term investments and receivables860      
Long-term investments860      
Intangible assets, net (including goodwill)16,57418,43920,30519,29520,66114,10515,082
Goodwill9,8539,8539,8539,8539,8535,7615,761
Intangible assets, net (excluding goodwill)6,7218,58610,4529,44210,8088,3449,321
Other noncurrent assets3621865353615225
Other undisclosed noncurrent assets1,100      
Total noncurrent assets:20,91920,65022,54419,33020,69714,12015,307
Other undisclosed assets   2,1242,3061,6151,806
TOTAL ASSETS:43,99735,18230,69128,66638,24827,56128,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,2198,26511,57811,98916,50211,97013,250
Accounts payable4,8454,0487,5219,50013,6149,28110,080
Accrued liabilities5,3744,2164,0572,4902,8882,6903,169
Debt1032475372504,900  
Derivative instruments and hedges, liabilities  182    
Other undisclosed current liabilities3402183,3811,860   
Total current liabilities:10,6638,72915,67814,09921,40211,97013,250
Noncurrent Liabilities
Long-term debt and lease obligation406482 1,000   
Long-term debt, excluding current maturities   1,000   
Finance lease, liability10593 
Operating lease, liability301389 
Liabilities, other than long-term debt1206812,4711934274,0654,522
Deferred tax liabilities, net  3,7393,800
Deferred income tax liabilities1071072,019
Other liabilities13574452193427326723
Other undisclosed noncurrent liabilities   2,3402,332  
Total noncurrent liabilities:5271,1632,4713,5332,7594,0654,522
Total liabilities:11,1899,89218,15017,63224,16016,03517,772
Stockholders' equity
Stockholders' equity attributable to parent32,80825,28912,54111,03414,08711,52610,960
Common stock119985233292525
Treasury stock, value  (1,397)(1,397)(1,397)(1,397)(1,397)
Additional paid in capital176,587161,541144,844138,868136,034130,418129,081
Accumulated other comprehensive income54      
Accumulated deficit(143,951)(136,350)(130,958)(126,470)(120,579)(117,521)(116,749)
Total stockholders' equity:32,80825,28912,54111,03414,08711,52610,960
TOTAL LIABILITIES AND EQUITY:43,99735,18230,69128,66638,24827,56128,733

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues59,83144,64061,52573,33179,55471,53070,438
Revenue, net79,55471,53070,438
Cost of revenue(15,926)(8,296)(22,701)(29,921)(36,670)(21,365)(23,722)
Gross profit:43,90536,34438,82443,40942,88550,16546,716
Operating expenses(51,675)(44,392)(46,563)(48,880)(47,121)(51,022)(44,569)
Operating income (loss):(7,771)(8,049)(7,738)(5,470)(4,236)(857)2,147
Nonoperating income (expense)2579983,398(420)(318)(100)(141)
Investment income, nonoperating(267)      
Gain on contract termination 1,261     
Interest and debt expense (66)(193)(40)(26)(26)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (188)(289)40262620
Income (loss) from continuing operations before income taxes:(7,514)(7,305)(4,823)(5,891)(4,555)(957)2,006
Income tax benefit  334 1,49829300
Income (loss) from continuing operations:(7,514)(7,305)(4,488)(5,891)(3,057)(928)2,306
Income (loss) from discontinued operations    (1)15534
Net income (loss):(7,514)(7,305)(4,488)(5,891)(3,058)(773)2,340
Other undisclosed net loss attributable to parent(87)      
Net income (loss) available to common stockholders, diluted:(7,601)(7,305)(4,488)(5,891)(3,058)(773)2,340

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(7,514)(7,305)(4,488)(5,891)(3,058)(773)2,340
Comprehensive income (loss):(7,514)(7,305)(4,488)(5,891)(3,058)(773)2,340
Other undisclosed comprehensive loss, net of tax, attributable to parent(33)      
Comprehensive income (loss), net of tax, attributable to parent:(7,547)(7,305)(4,488)(5,891)(3,058)(773)2,340

Statements sources

The financial statements are based on the company's filings with the 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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