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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,4004,50013,3007,891373229
Cash and cash equivalents 2,93110,4767,891373229
Short-term investments  1,5291,928   
Other undisclosed cash, cash equivalents, and short-term investments 4,40039896   
Receivables9,22711,1209,2666,2287,5306,712
Prepaid expense1,0767991,408413238260
Other undisclosed current assets40(39)(896) 612
Total current assets:14,74416,38023,07814,5328,1477,212
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization73169202396 
Operating lease, right-of-use asset806310641607 
Property, plant and equipment1,6811,6691,5071,1871,374 
Long-term investments and receivables  660860   
Long-term investments  660860   
Intangible assets, net (including goodwill)14,51815,50316,57418,43920,30519,295
Goodwill9,8539,8539,8539,8539,8539,853
Intangible assets, net (excluding goodwill)4,6655,6496,7218,58610,4529,442
Other noncurrent assets5367362186535
Other undisclosed noncurrent assets5008001,100   
Total noncurrent assets:17,63119,17820,91920,65022,54419,330
Other undisclosed assets      2,124
TOTAL ASSETS:32,37435,55743,99735,18230,69128,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,35913,20710,2198,26511,57811,989
Accounts payable6,4328,0454,8454,0487,5219,500
Accrued liabilities7,9265,1625,3744,2164,0572,490
Debt51101103247537250
Derivative instruments and hedges, liabilities     182 
Other undisclosed current liabilities1232883402183,3811,860
Total current liabilities:14,53213,59610,6638,72915,67814,099
Noncurrent Liabilities
Long-term debt and lease obligation1871406482 1,000
Long-term debt, excluding current maturities      1,000
Finance lease, liability187110593 
Liabilities, other than long-term debt8411421206812,471193
Deferred income tax liabilities891071071072,019
Other liabilities 01113574452193
Operating lease, liability75224301389 
Other undisclosed noncurrent liabilities      2,340
Total noncurrent liabilities:8592125271,1632,4713,533
Total liabilities:15,39213,80811,1899,89218,15017,632
Equity
Equity, attributable to parent16,98221,74932,80825,28912,54111,034
Common stock138120119985233
Treasury stock, value     (1,397)(1,397)
Additional paid in capital184,291178,772176,587161,541144,844138,868
Accumulated other comprehensive income (loss)  (85)54   
Accumulated deficit(167,447)(157,058)(143,951)(136,350)(130,958)(126,470)
Total equity:16,98221,74932,80825,28912,54111,034
TOTAL LIABILITIES AND EQUITY:32,37435,55743,99735,18230,69128,666

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues73,91275,60459,83144,64061,52573,331
Revenue from related parties18,300    
Cost of revenue(10,477)(30,244)(15,926)(8,296)(22,701)(29,921)
Cost of goods and services sold(10,477)     
Gross profit:63,43445,35943,90536,34438,82443,409
Operating expenses(73,827)(58,009)(51,675)(44,392)(46,563)(48,880)
Operating loss:(10,393)(12,650)(7,771)(8,049)(7,738)(5,470)
Nonoperating income (expense)15(436)2579983,398(420)
Investment income, nonoperating 15(436)(267)   
Gain on contract termination    1,261  
Other nonoperating income      
Interest and debt expense    (66)(193)(40)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (188)(289)40
Loss from continuing operations before income taxes:(10,378)(13,085)(7,514)(7,305)(4,823)(5,891)
Income tax expense (benefit) (18)   334 
Other undisclosed loss from continuing operations      
Loss from continuing operations:(10,396)(13,085)(7,514)(7,305)(4,488)(5,891)
Loss before gain (loss) on sale of properties:(7,514)(7,305)(4,488)(5,891)
Other undisclosed net income20,785     
Net income (loss):10,390(13,085)(7,514)(7,305)(4,488)(5,891)
Other undisclosed net loss attributable to parent(20,779)(21)(87)   
Net loss available to common stockholders, diluted:(10,390)(13,107)(7,601)(7,305)(4,488)(5,891)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):10,390(13,085)(7,514)(7,305)(4,488)(5,891)
Comprehensive income (loss):10,390(13,085)(7,514)(7,305)(4,488)(5,891)
Other undisclosed comprehensive loss, net of tax, attributable to parent(20,694)(160)(33)   
Comprehensive loss, net of tax, attributable to parent:(10,305)(13,245)(7,547)(7,305)(4,488)(5,891)

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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