Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.5M | $79.6M | $73.3M | $61.5M | $44.6M | $59.8M | $75.6M | $73.9M | $83.8M | $86.2M |
| Revenue growth | — | 11.2% | -7.8% | -16.1% | -27.4% | 34.0% | 26.4% | -2.2% | 13.4% | 2.9% |
| Gross profit | $50.2M | $42.9M | $43.4M | $38.8M | $36.3M | $43.9M | $45.4M | $63.4M | $71.8M | $64.2M |
| Gross margin | 70.1% | 53.9% | 59.2% | 63.1% | 81.4% | 73.4% | 60.0% | 85.8% | 85.6% | 74.5% |
| Operating income | -$857K | -$4.24M | -$5.47M | -$7.74M | -$8.05M | -$7.77M | -$12.6M | -$10.4M | -$5.51M | -$6.70M |
| Operating margin | -1.2% | -5.3% | -7.5% | -12.6% | -18.0% | -13.0% | -16.7% | -14.1% | -6.6% | -7.8% |
| Net income | -$773K | -$3.06M | -$5.89M | -$4.49M | -$7.30M | -$7.60M | -$13.1M | -$10.4M | -$5.76M | -$5.10M |
| Net margin | -1.1% | -3.8% | -8.0% | -7.3% | -16.4% | -12.7% | -17.3% | -14.1% | -6.9% | -5.9% |
| EPS (diluted) | — | — | — | -$0.11 | -$0.09 | -$0.06 | -$0.11 | -$0.08 | -$0.04 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.05M | -$1.15M | -$2.10M | -$5.34M | -$5.60M | -$5.28M | -$5.57M | -$2.55M | $230K | -$1.79M |
| Capital expenditures | $1.12M | $1.56M | $1.63M | $1.19M | $1.19M | $1.60M | $1.69M | $1.68M | $1.86M | $1.60M |
| Free cash flow | -$63.4K | -$2.71M | -$3.74M | -$6.53M | -$6.78M | -$6.87M | -$7.26M | -$4.24M | -$1.63M | -$3.39M |
| Share buybacks | $22.5K | $44.8K | $0.00 | — | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.95M | $4.08M | $229K | $373K | $7.89M | $10.5M | $2.93M | $4.44M | $2.46M | $2.84M |
| Total assets | $27.6M | $38.2M | $28.7M | $30.7M | $35.2M | $44.0M | $35.6M | $32.4M | $32.2M | $24.9M |
| Long-term debt | $0.00 | $4.90M | $1.86M | $3.38M | $0.00 | — | — | — | — | — |
| Shareholders' equity | $11.5M | $14.1M | $12.9M | $14.5M | $25.3M | $32.8M | $21.7M | $17.0M | $13.5M | $10.0M |
| Retained earnings | -$118M | -$121M | -$125M | -$129M | -$136M | -$144M | -$157M | -$167M | -$173M | -$178M |
| Shares (wtd avg diluted) | 24.7M | 28.2M | 31.0M | 40.5M | 77.5M | 118M | 120M | 131M | 14.0M | 14.5M |
Every figure is extracted from Inuvo, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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