tiprankstipranks
Trending News
More News >

Inuvo reaffirms Q2 revenue growth view of no less than 25% y/y

Inuvo (INUV) announced that it was reaffirming its prior guidance that the Company was expecting revenue growth for the second quarter of not less than 25% on a year-over-year basis. The Company also completed a 1-for-10 reverse stock split of its outstanding common stock, as approved by shareholders at the Annual Meeting held on May 22, 2025. Inuvo’s purpose in effectuating the reverse stock split is to improve the marketability and liquidity of its stock aiming to attract a broader range of institutional investors and analysts in support of its long-term growth strategy. Richard Howe, Chief Executive Officer of Inuvo, commented, “Following two consecutive record-breaking quarters, we believe this strategic action will make our stock more accessible to institutional investors, many of whom are restricted from purchasing stocks trading below certain thresholds.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

1