Inuvo Inc (AMEX:INUV)
^[1]	Significantly Overvalued^[5]	$ 0.54
Media - Diversified - Advertising Agencies
Market Cap: $ 64 Mil
Inuvo Inc is an internet advertising technology and digital publishing company. The Company along with its subsidiaries develops technology to deliver content and targeted advertisements over the internet.

Valuation Rank
Score: 0 /10	Current	Industry Median	Historical Median
PE Ratio	Loss	18.05	23.53
Forward P/E	N/A	17.67	N/A
PB Ratio	1.91	1.85	3.2
PS Ratio	1.12	1.77	0.43
P/FCF	N/A	15.05	16.59
Shiller P/E	N/A	19.72	N/A
PEG Ratio	N/A	1.25	N/A

Valuation Analysis
		% of Price
NCAV	0.1	19
Tangible Book	0.14	26
Median PS Value	0.2	37
Price	0.5355

Dividend & Ownership
Dividend Yield(ttm) %	N/A
Dividend Yield(forward) %	N/A
Payout	N/A
Dividend Growth(5y) %	N/A
Yield on Cost(5y) %	N/A
Continuous Div. since	N/A
Insider Ownership %	20.89
Institution Ownership %	12.25

Financial Strength

Score: 6 /10

Current

Industry Median

Historical Median

Cash-to-Debt

14.53

1.19

0.38

Equity-to-Asset

0.74

0.51

0.38

Interest Coverage

0.00

18.61

7.11

Piotroski F-Score

Profitability Rank

Score: 2 /10

Current

Industry Median

Historical Median

Operating Margin %

-16.20

4.59

-6.39

Net Margin %

-13.35

2.47

-5.57

ROE %

-22.72

3.12

-29.55

ROA %

-17.30

1.38

-12.21

ROC (Joel Greenblatt) %

-297.63

13.35

-207.99

Growth (Per Share)

10 Yr

5 Yr

1 Yr

Revenue Growth (%)

-12.5

-25.2

-44.1

EBITDA Growth (%)

N/A

Oprt. Income Growth (%)

N/A

EPS w/o NRI Growth (%)

N/A

Free Cash Flow Growth (%)

N/A

Book Value Growth (%)

N/A

-12.5

Quarterly

	Sep20	Dec20	Mar21	Jun21	Sep21
Revenue	9	13	11	13	17
Net Income	-2	-1	-2	-2	-2
EPS	-0.03	0	-0.02	-0.02	-0.02
Revenue (YoY) %	-33.18	-29.2	-28.9	66.48	82.78
Net Income (YoY) %	-405.2	-16.76	-24	75.28	-23.91
EPS (YoY) %	-250	-100	-60	0	-33.33

Warning Signs

SEVERE	Altman Z-Score: Distress
SEVERE	Beneish M-Score: Possible manipulator
SEVERE	Revenue per Share: Declined

Good Signs

GOOD	Insider Buy: Insider Buying

Insider Trades

Insider	Position	Date	Trades	Cur. Shares
Morgan Charles D	Director	11/17/21	350000	5549k
Pisaris John B	General Counsel	02/19/21	-100000	398310
Barrett Don Walker Iii	COO	02/19/21	-91369	523425

As of 12-06-2021

* All financial numbers are in millions except for per share data, ratios and percentage change.

	Gain %	SP500 %
1W	-16.33	-1.21
1M	-25.93	-2.43
3M	-30.45	0.40
6M	-32.64	8.98
YTD	18.24	22.46
1Y	34.21	25.39
3Y	-21.80	19.60
5Y	-15.04	17.70
10Y	-6.95	15.98

5.46

2.64

0.17

37M

18.4M

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Current

Performance

5.46

1.36

1.92

1.7

3.45

2.68

1.66

1.36

1.7

1.07

2.35

Highest Stock Price

0.71

0.41

0.59

0.65

1.09

1.02

0.75

0.4

0.21

0.17

0.37

Lowest Stock Price

Market Cap

9.4

23.3

24.1

24.5

24.7

28.2

40.5

77.5

116.6

Shares Outstanding-Diluted

At Loss

65.5

14.44

At Loss

PE Ratio

5.14

5.75

3.72

3.61

1.65

3.14

1.08

1.76

1.91

PB Ratio

0.19

0.37

0.55

0.63

0.94

0.58

0.29

0.45

0.2

0.79

1.12

PS Ratio

-2.15

36.33

10.99

7.25

15.59

27.87

-20.29

-16.52

-21.72

-10.92

-13.91

EV-to-EBITDA

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

TTM

Per Share Data

3.83

2.54

2.36

2.05

2.87

2.9

2.83

2.36

1.52

0.58

0.48

Revenue per Share

-0.96

-0.34

0.02

0.09

0.1

-0.03

-0.11

-0.19

-0.11

-0.09

-0.06

Earnings per Share

-0.34

-0.14

0.05

0.13

0.19

-0

-0.1

-0.12

-0.16

-0.09

Free Cash Flow per Share

Dividends per Share

-0.32

-0.55

-0.46

-0.3

-0.17

-0.1

-0.23

-0.26

-0.11

0.07

0.14

Tangible Book per Share

1.74

1.28

1.01

1.41

1.29

1.14

0.95

0.63

0.25

0.2

Median PS Value

Graham Number

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

TTM

Income Statement

35.8

53.4

49.6

70.4

71.5

79.6

73.3

61.5

44.6

Revenue

27.7

26.2

29.2

46.7

50.2

42.9

43.4

38.8

36.3

43.4

Gross Profit

41.8

47.7

58.8

66.3

70.1

53.9

59.2

63.1

81.4

81.9

Gross Margin %

20.7

34.3

26.2

26.7

44.6

47.1

48.9

46.6

44.4

Total Operating Expense

-5.7

-6.5

2.5

2.1

-0.9

-4.2

-5.5

-7.7

-8

-8.6

Operating Income

-15.9

-12.2

3.1

-1.2

-5.3

-7.5

-12.6

-18

-16.2

Operating Margin %

-9

-7

0.5

2.1

2.3

-0.8

-3.1

-5.9

-4.5

-7.3

-7.1

Net Income

-25.1

-13.2

0.9

4.2

3.3

-1.1

-3.8

-8

-7.3

-16.4

-13.4

Net Margin %

-8.9

-6.6

2.5

2.1

-0.9

-4.2

-5.5

-4.3

-7.1

-7

EBIT

-4.7

0.7

3.1

4.2

1.4

-1.2

-2.3

-0.9

-3.4

-3.6

EBITDA

-598.8

-439.5

30.9

24.3

-6.9

-23.9

-46.9

-35.2

-36.8

-22.7

ROE %

-71.5

-34.9

1.8

8.3

8.6

-2.8

-9.3

-17.6

-15.1

-22.2

-17.3

ROA %

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Sep21

Balance Sheet

3.4

3.1

3.7

4.3

3.9

4.1

0.2

0.4

7.9

11.7

Cash & Equivalents

5.5

3.6

5.1

7.6

10.8

6.7

7.5

6.2

8.9

Total Receivables

11.1

29.1

24.9

25.6

28.7

27.6

38.2

28.7

30.7

35.2

Total Assets

0.5

1.4

2.6

5.1

2.3

4.4

0.5

Short-Term Debt & CLO

2.5

6.5

3.6

2.7

0.3

1.1

0.4

0.6

0.5

Long-Term Debt & CLO

12.1

24.9

19.6

17.3

17.8

24.2

17.6

16.2

9.9

11.7

Total Liabilities

-1

4.2

5.3

8.3

11.5

14.1

14.5

25.3

33.4

Total Stockholders Equity

-1

4.2

5.3

8.3

11.5

14.1

14.5

25.3

33.4

Total Equity

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

TTM

Cashflow Statement

-0.2

1.8

3.9

6.1

1.1

-1.1

-2.1

-5.3

-5.6

-8.8

Cash Flow from Operations

-3

-1.5

-0.7

-0.8

-1.5

-1.1

-1.3

-1.6

-1.2

-1.5

Cash Flow from Investing

-0

Repurchase of Stock

0.9

4.3

-1.7

-2.6

-3.7

-0

4.7

-3.9

0.8

-2.6

-0.4

Net Issuance of Debt

3.1

3.9

-1.4

-2.5

-4

-0.2

2.6

-0.1

6.7

14.3

12.5

Cash Flow from Financing

-0.1

3.4

-0.2

0.6

0.5

-0.3

0.1

-3.9

0.1

7.5

2.2

Net Change in Cash

-3

-4

-0.7

-0.8

-1.5

-1.1

-1.6

-1.2

-1.5

Capital Expenditure

-3.2

-3

1.1

3.1

4.6

-0.1

-2.7

-3.7

-6.5

-6.8

-10.3

Free Cash Flow

Competitor
Ticker	Company	Financial Strength	Profitability Rank	Market Cap ($M)	PE Ratio	PS Ratio	Net Margin %	ROA %	ROE %
AMEX:INUV	Inuvo Inc	6	2	64	At Loss	1.12	-13.35	-17.30	-22.72
OTCPK:NWCN	Network CN Inc	3	2	49	4.66	0.00	0.00	4212.55	0.00
OTCPK:CNFN	CFN Enterprises Inc	1	1	42	At Loss	6.85	-81.98	-34.77	-491.78
NAS:CNET	ZW Data Action Technologies Inc	5	2	37	At Loss	0.67	-4.75	-7.39	-12.96
NAS:ANTE	AirNet Technology Inc	3	2	37	3.45	1.11	32.12	7.32	33.18

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Financial Strength^[2] (Quarterly data, as of Sep. 2021) : Fair (6/10)

Cash-to-Debt : 14.53

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.

Equity-to-Asset : 0.74

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.

Debt-to-Equity : 0.03

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.

Piotroski F-Score : 4

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

WACC : 5.24% vs ROIC : -40.56%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.

Dividend Yield : 0.00%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Profitability^[3] (Annual data, as of Dec. 2020) : Poor (2/10)

Revenue : $17 Mil vs Net Income : $-2 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.

Cash & Equivalents : $12 Mil vs Long-Term Debt* : $1 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.

Operating Margin % : -10.36%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.

EPS without NRI : $-0.02

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.

Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.

Free Cash Flow per Share : $-0.05

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Valuation (Quarterly data, as of Sep. 2021)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.

Valuation Chart (Current stock price : $0.5355)

PE Ratio without NRI : At Loss

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.

PB Ratio : 2.49

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.

PS Ratio : 1.47

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.

Price-to-Free-Cash-Flow : 0.00

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.

EV-to-EBIT : -9.88

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.

Historical Price and PE Band

Historical Price and PS Band

Historical Price and PB Band

Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.

Severe Warning Signs

Altman Z-Score : Distress

Altman Z-score of -0.16 is in distress zone. This implies bankrupcy possibility in the next two years.

Beneish M-Score : Possible manipulator

Beneish M-Score -1.55 higher than -1.78, which implies that the company might have manipulated its financial results.

Revenue per Share : Declined

Inuvo Inc revenue per share has been in decline for the last 5 years.

Good Signs

Insider Buy : Insider Buying

There were 1 insider buying transaction over the past 3 months. The total number of shares bought is 350,000.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Competitive Comparison

5 Year Price Change Comparison

Financial Strength

	Company	Financial Strength	Cash-to-Debt	Equity-to-Asset	Debt-to-Equity	Interest Coverage	Piotroski F-Score	Altman Z-Score	Beneish M-Score	WACC %	ROIC %
AMEX:INUV	Inuvo Inc	6/10	14.53	0.74	0.03	0.00	4	-0.16	-1.55	5.24	-40.56
NAS:ISIG	Insignia Systems Inc	5/10	18.06	0.46	0.05	0.00	5	0.75	-3.54	3.17	-205.49
OTCPK:KNIT	Kinetic Group Inc	5/10	N/A	0.00	0.00	No Debt	N/A	0.00	0.00	15.66	0.00
NAS:SRAX	SRAX Inc	5/10	18.73	0.38	0.06	0.00	5	1.47	-0.23	21.81	-14.04
NAS:CNET	ZW Data Action Technologies Inc	5/10	3.64	0.66	0.11	N/A	3	1.67	-6.22	5.36	-70.19
NAS:ANTE	AirNet Technology Inc	3/10	0.50	0.28	0.34	0.00	6	-3.75	-3.38	6.42	15.71
OTCPK:NWCN	Network CN Inc	3/10	0.00	-78.25	-0.43	0.00	6	0.00	0.00	-65.46	-4.87
OTCPK:MOBQ	Mobiquity Technologies Inc	1/10	0.14	-0.13	-5.37	0.00	4	-42.65	-6.32	7.44	-84.43
OTCPK:MMND	Mastermind Inc	0/10	1.46	0.62	0.46	N/A	6	4.38	0.00	11.11	-17.86

Profitability

	Company	Profitability Rank	Operating Margin %	Net Margin %	ROE %	ROA %	Price-to-Free-Cash-Flow	ROC (Joel Greenblatt) %	3-Year Revenue Growth %	3-Year EBITDA Growth %	3-Year EPS w/o NRI Growth %
NAS:ISIG	Insignia Systems Inc	3/10	-22.60	-17.54	-55.16	-28.26	0.00	-382.18	-13.90	0.00	-85.00
NAS:ANTE	AirNet Technology Inc	2/10	-39.34	32.12	33.18	7.32	0.00	-21.63	-0.50	80.20	0.00
AMEX:INUV	Inuvo Inc	2/10	-16.20	-13.35	-22.72	-17.30	0.00	-297.63	-41.10	-0.80	6.50
OTCPK:MOBQ	Mobiquity Technologies Inc	2/10	-145.08	-275.27	-653.82	-152.46	0.00	-65474.49	42.70	31.90	37.30
OTCPK:NWCN	Network CN Inc	2/10	0.00	0.00	0.00	4212.55	0.00	501800.00	0.00	0.00	0.00
NAS:SRAX	SRAX Inc	2/10	-23.46	-83.20	-87.82	-41.27	0.00	88.73	-40.70	56.40	14.10
NAS:CNET	ZW Data Action Technologies Inc	2/10	-27.45	-4.75	-12.96	-7.39	0.00	-654.93	-22.70	30.90	34.10
OTCPK:KNIT	Kinetic Group Inc	0/10	0.00	0.00	0.00	0.00	0.00	0.00	-100.00	39.40	41.50
OTCPK:MMND	Mastermind Inc	0/10	-3.79	8.40	23.40	13.10	0.00	-17.35	0.00	0.00	0.00

Valuation

	Company	PE Ratio	PB Ratio	PS Ratio	Price-to-Intrinsic-Value-Projected-FCF	Price-to-Intrinsic-Value-DCF (Earnings Based)	Price-to-Median-PS-Value	Price-to-Peter-Lynch-Fair-Value	Price-to-Graham-Number	Earnings Yield (Joel Greenblatt) %	Forward Rate of Return (Yacktman) %
NAS:ISIG	Insignia Systems Inc	At Loss	2.02	0.43	0.00	0.00	0.45	0.00	0.00	-85.47	0.00
AMEX:INUV	Inuvo Inc	At Loss	1.91	1.12	0.00	0.00	2.68	0.00	0.00	-14.08	-8.46
OTCPK:KNIT	Kinetic Group Inc	At Loss	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.06	0.00
OTCPK:MOBQ	Mobiquity Technologies Inc	At Loss	0.00	2.76	0.00	0.00	0.55	0.00	0.00	-38.61	0.00
NAS:SRAX	SRAX Inc	At Loss	4.84	3.54	0.00	0.00	0.00	0.00	0.00	0.48	0.00
NAS:CNET	ZW Data Action Technologies Inc	At Loss	1.62	0.67	0.00	0.00	1.28	0.00	0.00	-41.15	0.00
NAS:ANTE	AirNet Technology Inc	3.45	0.98	1.11	0.00	0.00	0.95	0.14	0.39	-7.20	0.00
OTCPK:NWCN	Network CN Inc	4.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.49	0.00
OTCPK:MMND	Mastermind Inc	10.90	1.14	0.51	1.36	0.00	0.00	0.00	0.78	-9.10	0.00

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Peter Lynch Chart^[4]

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Per Share Data

Per Share Data
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
10.25	14.75	10.96	9.73	5.96	5.76	3.83	2.54	2.36	2.05	2.87	2.9	2.83	2.36	1.52	0.58	0.48	Revenue per Share
0.59	1.65	1.18	-8.88	0.22	0.12	-0.5	0.03	0.13	0.18	0.16	0.06	-0.04	-0.07	-0.02	-0.04	-0.03	EBITDA per Share
0.03	0.33	-0.12	-10.11	-0.64	-0.48	-0.95	-0.31	0	0.1	0.09	-0.04	-0.15	-0.18	-0.11	-0.09	-0.06	EBIT per Share
--	0.2	-0.2	-12.4	-0.81	-0.59	-0.96	-0.34	0.02	0.09	0.1	-0.03	-0.11	-0.19	-0.11	-0.09	-0.06	Earnings per Share (Diluted)
--	0.2	-0.5	-9.7	-0.76	-0.55	-0.99	-0.33	-0	0.09	0.1	-0.04	-0.11	-0.19	-0.11	-0.09	-0.06	EPS without NRI
-0.23	0.2	0.01	-11.88	-0.01	-0.29	-0.8	-0.12	-0.04	0.03	0.14	-0.06	-0.09	-0.13	-0.08	-0.06	-0.09	Owner Earnings per Share (TTM)
-0.37	-0.44	-0.26	0.58	0.18	0.03	-0.34	-0.14	0.05	0.13	0.19	-0	-0.1	-0.12	-0.16	-0.09	-0.09	Free Cash Flow per Share
0.06	0.35	0.59	0.91	0.7	0.39	-0.02	0.05	0.08	0.16	0.25	0.04	-0.04	-0.07	-0.13	-0.07	-0.08	Operating Cash Flow per Share
0.73	0.47	0.38	0.06	0.57	0.01	--	0.15	0.13	0.16	0.18	0.16	0.14	0.01	0.01	0.08	0.12	Cash per Share
10.82	13.93	14.14	1.28	0.97	0.47	-0.1	0.18	0.23	0.35	0.45	0.46	0.49	0.34	0.28	0.26	0.28	Book Value per Share
-1.29	-1.48	6.66	-0.19	0.13	-0.22	-0.32	-0.55	-0.46	-0.3	-0.17	-0.1	-0.23	-0.26	-0.11	0.07	0.14	Tangible Book per Share
2.22	1.87	1.84	1.89	1.29	0.23	0.3	0.34	0.27	0.16	0	0	0.19	0.11	0.09	0.01	0.01	Total Debt per Share
23.5	32.3	15.2	0.6	3.4	5.12	0.71	0.93	1.31	1.3	2.7	1.67	0.81	1.07	0.3	0.45	0.54	Month End Stock Price
Ratios
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
-0.01	0.88	-1.2	-159	-64.9	-81.85	-599	-439	9.99	30.92	24.33	-6.88	-23.88	-46.9	-35.22	-36.76	-22.72	ROE %
--	0.38	-1.11	-339	-18.6	-7.48	--	-85.5	1.74	8.31	4.06	-1.91	-14.47	-14.94	-32.61	-20.89	-11.9	ROE % Adjusted to Book Value
-0.01	0.64	-0.92	-111	-20.02	-25.12	-71.46	-34.92	1.76	8.33	8.61	-2.75	-9.29	-17.61	-15.12	-22.18	-17.3	ROA %
-0.06	Neg. E	-6.24	-379	--	--	--	--	Neg. E	Neg. E	Neg. E	--	--	--	--	-1462	-53.73	Return-on-Tangible-Equity
-0.02	3.17	-2.41	-186	-29.08	-37.32	-105	-66.38	4.53	21.96	19.53	-5.7	-19.7	-43.71	-45.43	-53.85	-30.87	Return-on-Tangible-Asset
5.18	33.23	-9.15	-663	-54.58	-86.12	-410	-357	1.03	233	155	-50.1	-216	-247	-200	-320	-298	ROC (Joel Greenblatt) %
0.31	2.06	-0.75	-106	-26.41	-42.75	-291	-75.59	0.12	17.22	13.98	-5.52	-26.12	-34.83	-29.34	-34.01	-21.8	ROCE %
-0.04	0.81	-0.51	-6.86	-21.96	-25.28	-67.98	-48.06	0.01	13.08	14.06	-4.97	-12.89	-21.07	-28.25	-33.3	-40.56	ROIC %
-0.09	35	26.83	5.18	3.25	1.63	-3	4.85	8.82	4.04	3.92	7.3	5.25	11.08	12.08	8.47	5.24	WACC %
--	--	--	6.05	7.22	8.79	13.4	10.35	5.04	7.07	7.51	185	11.73	9.57	11.83	8.68	2.87	Effective Interest Rate on Debt %
65.74	61.47	51.37	36.19	37.76	40.26	41.84	51.96	47.65	58.82	66.32	70.13	53.91	59.2	63.1	81.42	81.87	Gross Margin %
0.29	2.26	-1.12	-7.51	-10.63	-7.53	-15.9	-12.23	0.03	5.03	3.05	-1.2	-5.32	-7.46	-12.58	-18.03	-16.2	Operating Margin %
-0.01	0.79	-1.51	-128	-13.54	-10.22	-25.06	-13.16	0.87	4.24	3.32	-1.08	-3.84	-8.03	-7.29	-16.36	-13.35	Net Margin %
-3.62	-2.98	-2.36	5.91	3.02	0.5	-8.98	-5.56	2.06	6.26	6.5	-0.09	-3.4	-5.09	-10.62	-15.2	-19.47	FCF Margin %
0.21	0.13	0.13	1.47	1.32	0.49	-2.94	1.88	1.17	0.44	0.01	0	0.38	0.31	0.33	0.04	0.03	Debt-to-Equity
0.67	0.74	0.79	0.3	0.32	0.29	-0.09	0.14	0.21	0.32	0.38	0.42	0.37	0.39	0.47	0.72	0.74	Equity-to-Asset
0.14	0.1	0.1	0.44	0.42	0.14	0.27	0.27	0.25	0.14	0	0	0.14	0.12	0.16	0.03	0.02	Debt-to-Asset
0.33	0.26	0.21	0.7	0.68	0.71	1.09	0.86	0.79	0.68	0.62	0.58	0.63	0.62	0.53	0.28	0.26	Liabilities-to-Assets
59.47	49.68	31.3	31.41	55.82	98.94	119	138	96.94	115	172	178	130	130	131	110	106	Gross-Profit-to-Asset %
0.91	0.81	0.61	0.87	1.48	2.46	2.85	2.65	2.03	1.96	2.59	2.54	2.42	2.19	2.07	1.36	1.3	Asset Turnover
27.35	39.66	49.17	44.33	54.88	34.19	50.58	37.03	29.9	32.07	31.37	37.22	42.08	43.48	42.25	56.25	42.17	Days Sales Outstanding
54.67	64.45	48.14	37.32	72.02	61.83	102	117	104	107	122	165	114	141	137	255	161	Days Payable
-27.32	-24.79	1.03	7.01	-17.14	-27.64	-51.73	-79.69	-74.29	-74.7	-90.14	-128	-71.86	-97.5	-94.59	-198	-119	Cash Conversion Cycle
0.34	0.39	0.49	0.64	0.62	0.6	0.58	0.48	0.52	0.41	0.34	0.3	0.46	0.41	0.37	0.19	0.18	COGS-to-Revenue
0.04	0.05	0.08	0.03	0.09	0.06	0.09	0.07	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	Capex-to-Revenue

* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Financial Satement

Income Statement
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
40.44	71.88	73.58	64.74	39.81	48.97	35.82	53.36	54.99	49.6	70.44	71.53	79.55	73.33	61.53	44.64	53	Revenue
13.85	27.69	35.78	41.31	24.77	29.26	20.83	25.64	28.79	20.43	23.72	21.37	36.67	29.92	22.7	8.3	9.61	Cost of Goods Sold
26.59	44.19	37.8	23.43	15.03	19.72	14.99	27.73	26.21	29.18	46.72	50.17	42.89	43.41	38.82	36.34	43.39	Gross Profit
65.74	61.47	51.37	36.19	37.76	40.26	41.84	51.96	47.65	58.82	66.32	70.13	53.91	59.2	63.1	81.42	81.87	Gross Margin %
24.92	39.11	34.39	27.82	18.36	17.98	13.24	34.26	26.19	26.68	44.57	51.02	47.12	48.88	46.56	44.39	51.98	Selling, General, & Admin. Expense
--	--	--	0.47	0.91	5.42	7.45	18.19	--	--	--	--	--	--	--	--	--	Research & Development
1.55	3.45	4.23	--	--	0	-0	-18.19	-0	--	--	--	-0	-0	-0	0	0	Other Operating Expense
26.47	42.56	38.62	28.29	19.26	23.4	20.68	34.26	26.19	26.68	44.57	51.02	47.12	48.88	46.56	44.39	51.98	Total Operating Expense
0.12	1.63	-0.82	-4.86	-4.23	-3.69	-5.7	-6.53	0.02	2.5	2.15	-0.86	-4.24	-5.47	-7.74	-8.05	-8.59	Operating Income
0.29	2.26	-1.12	-7.51	-10.63	-7.53	-15.9	-12.23	0.03	5.03	3.05	-1.2	-5.32	-7.46	-12.58	-18.03	-16.2	Operating Margin %
--	--	--	0.01	0.01	0.01	0.01	--	--	--	--	--	--	--	--	--	--	Interest Income
--	--	--	-0.75	-0.84	-0.56	-0.33	-0.56	-0.36	-0.35	-0.14	-0.1	-0.32	-0.42	-0.48	-0.25	-0.04	Interest Expense
--	--	--	-0.74	-0.84	-0.56	-0.33	-0.56	-0.36	-0.35	-0.14	-0.1	-0.32	-0.42	-0.48	-0.25	-0.04	Net Interest Income
-0.09	-0.22	-0.79	-62.43	-0.02	-0.39	-3.2	-0.08	-0	--	--	--	-0	-0	3.4	1	1.55	Other Income (Expense)
0.03	1.41	-1.61	-68.03	-5.08	-4.64	-9.23	-7.17	-0.34	2.15	2.01	-0.96	-4.56	-5.89	-4.82	-7.31	-7.07	Pre-Tax Income
-0.04	-0.84	0.5	3.24	--	-0	-0.01	0.33	0.31	--	0.3	0.03	1.5	--	0.33	--	--	Tax Provision
112	59.79	31.18	4.76	--	-0.06	-0.09	4.56	92.35	--	-14.96	3.03	32.89	--	6.93	--	--	Tax Rate %
-0	0.57	-1.11	-64.79	-5.08	-4.64	-9.23	-6.84	-0.03	2.15	2.31	-0.93	-3.06	-5.89	-4.49	-7.31	-7.07	Net Income (Continuing Operations)
--	--	--	-18.06	-0.31	-0.37	0.26	-0.18	0.5	-0.04	0.03	0.16	-0	--	--	--	--	Net Income (Discontinued Operations)
-0	0.57	-1.11	-82.85	-5.39	-5.01	-8.98	-7.02	0.48	2.11	2.34	-0.77	-3.06	-5.89	-4.49	-7.31	-7.07	Net Income
-0.01	0.79	-1.51	-128	-13.54	-10.22	-25.06	-13.16	0.87	4.24	3.32	-1.08	-3.84	-8.03	-7.29	-16.36	-13.35	Net Margin %
--	0.2	-0.2	-12.4	-0.81	-0.59	-0.96	-0.34	0.02	0.09	0.1	-0.03	-0.11	-0.19	-0.11	-0.09	-0.06	EPS (Basic)
--	0.2	-0.2	-12.4	-0.81	-0.59	-0.96	-0.34	0.02	0.09	0.1	-0.03	-0.11	-0.19	-0.11	-0.09	-0.06	EPS (Diluted)
3.95	4.87	6.71	6.66	6.68	8.5	9.36	21	23.28	24.15	24.54	24.66	28.16	31.02	40.46	77.47	117	Shares Outstanding (Diluted Average)
0.12	1.63	-0.82	-67.28	-4.24	-4.07	-8.9	-6.6	0.02	2.5	2.15	-0.86	-4.24	-5.47	-4.34	-7.05	-7.04	EBIT
2.23	6.43	8.75	8.21	5.7	5.07	4.21	7.32	3.06	1.75	1.81	2.21	3.03	3.18	3.42	3.61	3.44	Depreciation, Depletion and Amortization
2.34	8.05	7.93	-59.07	1.46	1	-4.68	0.72	3.07	4.25	3.95	1.35	-1.21	-2.29	-0.92	-3.45	-3.59	EBITDA
Cashflow Statement
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
-0	0.57	-1.11	-83.41	-5.39	-5.01	-8.98	-7.02	0.48	2.11	2.34	-0.77	-3.06	-5.89	-4.49	-7.31	-7.07	Net Income From Continuing Operations
2.23	6.43	8.75	8.21	5.7	5.07	4.21	7.32	3.06	1.75	1.81	2.21	3.03	3.18	3.42	3.61	3.44	Depreciation, Depletion and Amortization
-3.19	-0.39	-2.85	0.4	2.8	-0.32	-1.01	1.81	1.96	-1.52	-2	-0.58	-1.22	4.06	-0.97	1.32	-4.89	Change In Receivables
0.16	-0.22	-0.52	0.85	-0.33	-0.04	0.04	0.59	0.04	0.31	-0.02	0.22	0.05	0.14	0.02	-0.18	-0.03	Change In Prepaid Assets
1.16	-1.67	-0.6	1.09	-0.16	0.96	0.78	-2.39	-3.52	0.43	3.49	-1.04	-0.23	-4.53	-0.63	-1.65	4.11	Change In Payables And Accrued Expense
-0.68	-2.69	0.91	0.15	0.58	0.41	0.36	--	-0.01	-0.17	--	-0.04	0	-0	-0	-0	-4.37	Change In Other Working Capital
-2.56	-4.96	-3.05	2.49	2.89	1	0.17	0.01	-1.54	-0.95	1.47	-1.44	-1.4	-0.34	-1.58	-0.51	-5.19	Change In Working Capital
-0.07	0.68	-1.62	-3.02	--	--	--	-0.44	-0.31	--	-0.17	-0.06	-1.41	0.01	-0.33	--	--	Deferred Tax
--	--	--	-0.82	0.43	0.79	1.53	0.84	0.69	0.99	0.71	1.26	1.28	0.92	0.79	0.86	1.76	Stock Based Compensation
--	--	--	80.62	0.85	0.4	2.63	--	--	--	--	--	0.32	--	--	--	--	Asset Impairment Charge
--	--	--	--	0.04	-0.39	-0.39	-0.16	--	--	--	--	--	--	--	--	--	Cash from Discontinued Operating Activities
0.65	-1.02	1.02	1.98	0.16	1.48	0.63	0.45	-0.57	0.05	-0.05	-0.14	0.09	0.02	-3.14	-2.25	-1.75	Cash Flow from Others
0.24	1.69	3.98	6.06	4.68	3.35	-0.19	0.99	1.81	3.94	6.11	1.05	-1.15	-2.1	-5.34	-5.6	-8.81	Cash Flow from Operations
-1.7	-3.83	-5.72	-2.23	-1.38	-0.66	-0.46	-0.89	-0.68	-0.84	-1.53	-1.12	-1.56	-1.64	-1.19	-1.19	-1.51	Purchase Of Property, Plant, Equipment
--	--	--	--	0.75	0.02	--	--	--	--	--	--	--	--	--	--	--	Sale Of Property, Plant, Equipment
--	--	--	-3.26	-2.1	--	--	--	--	--	--	--	--	--	--	--	--	Purchase Of Business
--	--	--	--	--	1.44	--	2.43	--	--	--	--	--	--	--	--	--	Sale Of Business
--	--	--	--	-2.1	-2.45	-2.57	-3.07	--	--	--	--	--	--	--	--	--	Net Intangibles Purchase And Sale
-19.62	-26.64	-0.09	0.01	2.1	-0	0	--	--	--	--	--	0.24	--	--	--	--	Cash From Other Investing Activities
-21.33	-30.47	-5.81	-5.48	-2.73	-1.65	-3.03	-1.53	-0.68	-0.84	-1.53	-1.12	-1.32	-1.64	-1.19	-1.19	-1.51	Cash Flow from Investing
--	24.88	0.23	0.01	4.67	--	2.64	--	--	--	--	--	--	2	4.35	16.43	13.14	Issuance of Stock
-0.06	--	--	-0.16	--	--	--	--	--	--	--	-0.02	-0.05	--	--	--	--	Repurchase of Stock
6.6	4.01	0.45	40.1	82.84	40.07	7.31	10.31	7.23	4.55	4	--	4.9	-3.65	1.2	1.26	0	Issuance of Debt
--	--	--	-42.74	-84.98	-46.49	-6.37	-6	-8.94	-7.12	-7.7	-0.05	-0.16	-0.21	-0.45	-3.81	-0.35	Payments of Debt
6.6	4.01	0.45	-2.64	-2.14	-6.42	0.93	4.31	-1.71	-2.57	-3.7	-0.05	4.74	-3.86	0.75	-2.56	-0.35	Net Issuance of Debt
--	-1.11	-0.28	--	--	--	--	--	--	--	--	--	--	--	--	--	--	Cash Flow for Dividends
--	1.43	0.95	--	--	--	-0.47	-0.4	0.34	0.04	-0.34	-0.18	-2.09	1.74	1.58	0.43	-0.29	Other Financing
6.54	29.21	1.35	-2.79	2.53	-6.42	3.1	3.91	-1.38	-2.53	-4.04	-0.25	2.61	-0.12	6.68	14.3	12.5	Cash Flow from Financing
--	-0	0.02	-0.01	--	--	--	--	--	--	--	--	--	--	--	--	--	Effect of Exchange Rate Changes
-14.55	0.42	-0.45	-2.22	4.48	-4.72	-0.11	3.38	-0.24	0.58	0.54	-0.31	0.14	-3.86	0.15	7.52	2.18	Net Change in Cash
-1.7	-3.83	-5.72	-2.23	-3.48	-3.1	-3.03	-3.96	-0.68	-0.84	-1.53	-1.12	-1.56	-1.64	-1.19	-1.19	-1.51	Capital Expenditure
-1.46	-2.14	-1.74	3.83	1.2	0.24	-3.22	-2.97	1.13	3.1	4.58	-0.06	-2.71	-3.74	-6.53	-6.78	-10.32	Free Cash Flow

* All financial numbers are in millions except for per share data, ratios and percentage change.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Financial Satement

Balance Sheet
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
2.61	3.03	2.58	0.36	4.84	0.12	0	3.38	3.14	3.72	4.26	3.95	4.09	0.23	0.37	7.89	11.7	Cash And Cash Equivalents
--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.93	Marketable Securities
2.61	3.03	2.58	0.36	4.84	0.12	0	3.38	3.14	3.72	4.26	3.95	4.09	0.23	0.37	7.89	14.63	Cash, Cash Equivalents, Marketable Securities
4.22	11.4	8.43	7.3	4.67	4.5	5.43	5.4	3.61	5.11	7	7.59	10.76	6.71	7.53	6.23	8.92	Accounts Receivable
1.81	0.72	0.44	0.51	0.06	0.06	0.05	0.06	0.02	0.02	0.02	0.01	0	0.01	--	--	--	Other Current Receivables
6.03	12.11	8.86	7.8	4.73	4.56	5.48	5.46	3.63	5.13	7.02	7.6	10.76	6.72	7.53	6.23	8.92	Total Receivables
1.77	2.02	8.3	3.36	3.44	0.65	1.86	1.1	0.51	0.3	0.35	0.28	0.4	0.26	0.24	0.41	0.5	Other Current Assets
10.41	17.17	19.74	11.52	13.01	5.33	7.34	9.94	7.28	9.14	11.62	11.83	15.24	7.21	8.15	14.53	24.05	Total Current Assets
0.21	0.54	0.55	--	--	--	--	--	--	--	--	--	--	--	--	--	--	Buildings And Improvements
2.7	3.26	4.51	6.75	8.66	9.02	5.8	8.44	8.09	8.89	10.09	6.38	7.87	9.44	10.6	11.77	12.83	Machinery, Furniture, Equipment
1.25	2.37	3.34	1.75	1.19	0.32	2.41	2.82	2.62	2.65	3.25	1.25	1.97	1.95	2.29	2.48	2.6	Other Gross PPE
4.16	6.16	8.4	8.5	9.86	9.34	8.21	11.26	10.7	11.54	13.34	7.63	9.84	11.38	12.89	14.25	15.43	Gross Property, Plant and Equipment
-0.91	-2.15	-3.72	-3.03	-4.97	-6.59	-6.62	-9.15	-9.51	-10.58	-11.53	-6.01	-7.53	-9.26	-10.68	-12.06	-12.99	Accumulated Depreciation
3.25	4.01	4.68	5.47	4.88	2.75	1.59	2.11	1.19	0.96	1.81	1.62	2.31	2.12	2.22	2.19	2.43	Property, Plant and Equipment
43.26	98.96	50.63	9.63	7.16	5.86	2.17	16.9	16.09	15.29	15.08	14.11	20.66	19.3	20.31	18.44	17.04	Intangible Assets
32.96	79.14	41.23	3.89	3.35	3.35	1.78	5.76	5.76	5.76	5.76	5.76	9.85	9.85	9.85	9.85	9.85	Goodwill
0.57	0.26	46.08	1.42	0.78	0.08	0	0.18	0.38	0.21	0.22	0.01	0.04	0.03	0.02	0.02	1.52	Other Long Term Assets
47.09	103	101	16.52	12.82	8.69	3.76	19.19	17.65	16.46	17.11	15.74	23	21.45	22.54	20.65	20.99	Total Long-Term Assets
57.49	120	121	28.04	25.83	14.03	11.1	29.13	24.94	25.61	28.73	27.56	38.25	28.67	30.69	35.18	45.04	Total Assets
3.44	6.34	3.1	5.35	4.43	5.48	6.2	10.2	6.24	5.71	10.08	9.28	13.61	9.5	7.52	4.05	4.68	Accounts Payable
--	--	--	--	--	--	--	0.12	0.03	0.27	0.01	0.01	0.03	0.01	0.01	0.01	0.01	Total Tax Payable
--	--	--	--	--	--	--	0	-0	--	--	--	--	--	--	0	-0	Other Current Payables
1.31	1.21	1.25	1.59	1.74	1.46	1.55	1.71	2.07	3.18	2.84	2.41	2.65	2.22	3.52	4.15	5.84	Current Accrued Expense
4.76	7.54	4.35	6.93	6.18	6.94	7.75	12.03	8.33	9.16	12.94	11.7	16.29	11.74	11.05	8.21	10.53	Accounts Payable & Accrued Expense
0.43	0.25	1.34	3.31	4.86	1.85	0.45	1.33	2.55	0.96	--	--	4.9	2.11	3.92	--	--	Short-Term Debt
--	--	--	--	--	0.13	0.06	0.04	0.05	0.03	0.05	0.03	0.21	0.2	0.44	0.46	0.48	Short-Term Capital Lease Obligation
0.43	0.25	1.34	3.31	4.86	1.98	0.51	1.38	2.6	0.99	0.05	0.03	5.11	2.31	4.36	0.46	0.48	Short-Term Debt & Capital Lease Obligation
2.83	2.08	0.04	0.35	0.11	0.02	--	--	--	--	--	--	--	--	--	--	--	Current Deferred Revenue
--	0.61	0.47	--	--	--	--	--	--	--	--	--	--	--	--	--	--	Current Deferred Taxes Liabilities
2.83	2.69	0.51	0.35	0.11	0.02	0.93	--	0.24	0.23	0.03	0.01	0	--	--	--	--	DeferredTaxAndRevenue
0.77	0.66	5.09	--	0	0.73	0.16	--	0	0	0.24	0.22	0	0.05	0.27	0.06	0.01	Other Current Liabilities
8.79	11.14	11.29	10.6	11.14	9.66	9.35	13.4	11.17	10.38	13.25	11.97	21.4	14.1	15.68	8.73	11.03	Total Current Liabilities
7.47	11.74	11.1	9.06	6	--	2.45	6.49	3.6	2.67	--	--	--	1	--	0.15	--	Long-Term Debt
0.01	0.01	--	--	--	--	--	0.05	0.05	0.02	0.03	--	0.28	0.08	0.4	0.48	0.53	Long-Term Capital Lease Obligation
7.48	11.75	11.1	9.06	6	--	2.45	6.54	3.65	2.68	0.03	--	0.28	1.08	0.4	0.63	0.53	Long-Term Debt & Capital Lease Obligation
0.21	0.13	0.13	1.47	1.32	0.49	-2.94	1.88	1.17	0.44	0.01	0	0.38	0.31	0.33	0.04	0.03	Debt-to-Equity
2.31	3.89	2.5	--	--	--	--	4.45	4.27	3.77	4.01	3.9	2.46	2.44	0.16	0.53	0.12	NonCurrent Deferred Liabilities
0.26	4.16	0.6	-0	0.46	0.36	0.3	0.54	0.51	0.51	0.48	0.16	0.01	0.01	-0	0	0	Other Long-Term Liabilities
10.05	19.79	14.19	9.06	6.46	0.36	2.76	11.52	8.42	6.95	4.52	4.07	2.76	3.53	0.56	1.16	0.64	Total Long-Term Liabilities
18.85	30.93	25.48	19.65	17.6	10.02	12.11	24.92	19.59	17.33	17.77	16.04	24.16	17.63	16.24	9.89	11.67	Total Liabilities
0.04	0.07	0.07	0.07	0.01	0.01	0.01	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.05	0.1	0.12	Common Stock
-3.32	-12.99	-11.25	-95.27	-101	-106	-115	-122	-121	-119	-117	-118	-121	-126	-129	-136	-143	Retained Earnings
0.09	0.17	1.14	-0.12	--	--	--	--	--	--	--	--	--	--	--	--	--	Accumulated other comprehensive income (loss)
42.38	103	107	106	111	112	115	127	128	129	129	130	136	139	145	162	176	Additional Paid-In Capital
-0.54	-0.84	-0.84	-2.1	-2.1	-2.1	-1.47	-1.4	-1.4	-1.4	-1.4	-1.4	-1.4	-1.4	-1.4	--	--	Treasury Stock
0	-0	0	-0	0	0	0	0	0	0	0	0	0	0	0	-0	--	Other Stockholders Equity
38.65	89.46	95.65	8.39	8.22	4.01	-1.01	4.21	5.34	8.27	10.96	11.53	14.09	11.03	14.45	25.29	33.37	Total Stockholders Equity
38.65	89.46	95.65	8.39	8.22	4.01	-1.01	4.21	5.34	8.27	10.96	11.53	14.09	11.03	14.45	25.29	33.37	Total Equity
0.67	0.74	0.79	0.3	0.32	0.29	-0.09	0.14	0.21	0.32	0.38	0.42	0.37	0.39	0.47	0.72	0.74	Equity-to-Asset

* All financial numbers are in millions except for per share data, ratios and percentage change.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Valuation Ratios

Valuation Ratios
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
N/A	162	At Loss	At Loss	At Loss	At Loss	At Loss	At Loss	65.5	14.44	27	At Loss	At Loss	At Loss	At Loss	At Loss	At Loss	PE Ratio
N/A	162	At Loss	At Loss	At Loss	At Loss	At Loss	At Loss	At Loss	14.44	27	At Loss	At Loss	At Loss	At Loss	At Loss	At Loss	PE Ratio without NRI
--	162	1900	--	--	--	--	--	--	48.15	19.29	--	--	--	--	--	--	Price-to-Owner-Earnings
2.17	2.32	1.08	0.47	3.49	10.94	--	5.14	5.75	3.72	6	3.61	1.65	3.14	1.08	1.76	1.91	PB Ratio
--	--	2.28	--	26.98	--	--	--	--	--	--	--	--	--	--	6.47	3.83	Price-to-Tangible-Book
--	--	--	1.04	18.89	177	--	--	26.73	10.08	14.44	--	--	--	--	--	--	Price-to-Free-Cash-Flow
385	93.35	25.63	0.66	4.86	12.99	--	19.79	16.79	7.98	10.84	38.84	--	--	--	--	--	Price-to-Operating-Cash-Flow
2.29	2.19	1.39	0.06	0.57	0.89	0.19	0.37	0.55	0.63	0.94	0.58	0.29	0.45	0.2	0.79	1.12	PS Ratio
2.21	3.01	1.53	0.25	0.87	0.93	0.28	0.49	0.61	0.62	0.88	0.53	0.31	0.52	0.32	0.84	0.94	EV-to-Revenue
38.08	26.87	14.22	-0.27	23.75	45.82	-2.15	36.33	10.99	7.25	15.59	27.87	-20.29	-16.52	-21.72	-10.92	-13.91	EV-to-EBITDA
756	133	-137	-0.24	-8.19	-11.22	-1.13	-3.96	1985	12.33	28.71	-44	-5.78	-6.91	-4.59	-5.33	-7.1	EV-to-EBIT
0.13	0.75	-0.73	-417	-12.21	-8.91	-88.5	-25.25	0.05	8.11	3.48	-2.27	-17.3	-14.47	-21.79	-18.76	-14.08	Earnings Yield (Joel Greenblatt) %
-0.2	-0.25	19.39	4.33	1.06	2.15	14.93	13.98	1.68	--	--	--	--	--	--	--	-8.46	Forward Rate of Return (Yacktman) %
Valuation and Quality
Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	TTM	Fiscal Period
83.95	207	103	3.94	28.71	43.82	7.13	21.59	30.64	30.82	65.81	41.62	23.18	34.65	15.55	44.4	63.59	Market Cap
89.25	216	113	15.94	34.73	45.68	10.09	26.12	33.75	30.79	61.63	37.71	24.49	37.81	19.94	37.61	49.97	Enterprise Value
23.5	32.3	15.2	0.6	3.4	5.12	0.71	0.93	1.31	1.3	2.7	1.67	0.81	1.07	0.3	0.45	0.54	Month End Stock Price
-4.55	-4.34	-3.39	-2.94	-1.51	-1.16	-1.21	-0.93	-0.7	-0.57	-0.55	-0.49	-0.7	-0.54	-0.31	-0.02	0.02	Net Cash per Share
-2.36	-2.14	-0.85	-1.24	-0.54	-0.55	-0.48	-0.65	-0.53	-0.35	-0.25	-0.17	-0.31	-0.32	-0.16	0.05	0.1	Net Current Asset Value
-3.66	-3.01	-2.45	-2.11	-1.1	-0.76	-0.8	-0.75	-0.59	-0.41	-0.34	-0.26	-0.42	-0.38	-0.2	0.03	0.08	Net-Net Working Capital
6	12.27	10.8	0.99	1.16	0.4	-0.45	-0.31	0.18	0.21	0.42	0.47	0.5	0.4	0.07	-0.01	-0.12	Intrinsic Value: Projected FCF
--	--	--	--	--	--	--	1.74	1.28	1.01	1.41	1.29	1.14	0.95	0.63	0.25	0.2	Median PS Value
3.23	4.86	4.23	0.45	-2.91	-3.88	-5.97	-2.62	-1.21	0.25	1.95	4.08	3.9	2.75	1.39	0.52	0.39	Earnings Power Value (EPV)
3.33	4.57	3.05	-8.58	-3.36	-5.76	-13.75	-4.39	-3.85	-3.24	-0.84	-1.93	-2.32	-3.36	-4.05	-1.93	-0.16	Altman Z-Score
2	6	4	3	6	5	4	5	5	8	8	5	2	2	4	3	4	Piotroski F-Score
-1.1	-1.22	-2.72	-10.32	-4.71	-5.03	-4.91	-2.94	-2.83	-2.48	-2.82	-2.78	-2.25	-3.42	-2.76	-3.05	-1.55	Beneish M-Score
1.38	1.71	0.88	0.17	0.51	0.23	0.14	0.79	0.29	0.33	0.27	0.27	0.56	0.37	0.66	0.6	0.45	Scaled Net Operating Assets
36.67	24.38	0.59	-298	-28.43	-47.8	-51.91	-22.27	-2.63	-3.9	-7.8	-2.58	-1.53	-7.52	6.66	-1.48	7.21	Sloan Ratio %
1.18	1.54	1.75	1.09	1.17	0.55	0.78	0.74	0.65	0.88	0.88	0.99	0.71	0.51	0.52	1.66	2.18	Current Ratio
1.18	1.54	1.75	1.09	1.17	0.55	0.78	0.74	0.65	0.88	0.88	0.99	0.71	0.51	0.52	1.66	2.18	Quick Ratio
0.3	0.27	0.23	0.03	0.43	0.01	--	0.25	0.28	0.36	0.32	0.33	0.19	0.02	0.02	0.9	1.33	Cash Ratio
N/A	N/A	N/A	--	--	--	--	--	0.05	7.11	15.23	--	--	--	--	--	--	Interest Coverage
58	35	36.4	13.3	3.7	5.99	5.46	1.36	1.92	1.7	3.45	2.68	1.66	1.36	1.7	1.07	2.35	Highest Stock Price
15	16.1	12	0.5	0.5	1.45	0.71	0.41	0.59	0.65	1.09	1.02	0.75	0.4	0.21	0.17	0.37	Lowest Stock Price
-13.46	-79.8	-5.32	3.01	-28.71	-1.36	-17.26	-131	-0.76	-1.39	-2.8	-2.25	-14.82	-13.15	-60.11	-89.09	-21.74	Shares Buyback Ratio %
0.07	-11.99	-0.22	3.73	-16.28	--	-36.99	--	--	--	--	0.05	0.19	-5.78	-27.96	-37.01	-20.66	Buyback Yield %
71.94	44	-25.7	-11.26	-38.73	-3.29	-33.64	-33.57	-7.04	-13.04	39.73	1.08	-2.59	-16.35	-35.66	-62.13	-44.08	YoY Rev. per Sh. Growth
-100	--	-200	-6100	93.47	27.16	-62.71	64.58	106	350	11.11	-130	-267	-72.73	42.11	18.18	50	YoY EPS Growth
-43.96	178	-28.55	-852	102	-46.58	-527	107	288	33.33	-8.52	-65.84	-178	-72.09	68.92	-91.3	48.28	YoY EBITDA Growth
--	--	44.99	--	--	--	--	--	--	--	--	--	--	--	--	--	--	5-Year EBITDA Growth Rate
3.95	4.87	6.71	6.66	6.68	8.5	9.36	21	23.28	23.53	24.25	24.66	28.16	31.02	40.46	77.47	117	Shares Outstanding (Basic Average)
3.57	6.42	6.76	6.56	8.44	8.56	10.04	23.21	23.39	23.71	24.38	24.92	28.62	32.38	51.85	98.04	119	Shares Outstanding (EOP)
-0.75	5.3	4.38	2.36	-0.24	-0.45	-1.92	0.29	1.1	0.25	0.27	0.79	0.42	1.53	1.67	1.29	0.61	Beta
	03/29/07	03/31/08	03/31/09	03/31/10	03/30/11	03/29/12	03/13/13	03/10/14	02/09/15	02/12/16	02/16/17	02/08/18	03/15/19	05/12/20	02/11/21		Filing Date
	03/29/07	03/31/08	03/31/10	03/30/11	03/29/12	03/13/13	03/10/14	02/09/15	02/12/16	02/16/17	02/08/18	03/15/19	05/12/20	02/11/21	02/11/21		Restated Filing Date
				03/30/10			03/13/13	03/10/14	02/05/15		02/13/17			05/12/20	02/11/21		Earnings Release Date
--	--	212	194	--	201	423	416	409	426	403	403	408	407	413	421	421	Number of Shareholders
287	254	249	125	116	46	49	46	34	34	52	61	80	60	64	71	77	Number of Employees

* All financial numbers are in millions except for per share data, ratios and percentage change.

GuruFocus Manual of Stocks™ | Dec 06, 2021

Inuvo Inc (AMEX:INUV)

www.gurufocus.com/stock/AMEX:INUV

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Debt to revenue ratio. The lower, the better.
Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

Operating Margin %.
Piotroski F-Score.
Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
Consistency of the profitability.
Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

Possible Value Trap, Think Twice
Significantly Overvalued
Modestly Overvalued
Fairly Valued
Modestly Undervalued
Significantly Undervalued

There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.

Financial Strength[2] (Quarterly data, as of Sep. 2021) : Fair (6/10)

Cash-to-Debt : 14.53

Equity-to-Asset : 0.74

Debt-to-Equity : 0.03

Piotroski F-Score : 4

WACC : 5.24% vs ROIC : -40.56%

Dividend Yield : 0.00%

Profitability[3] (Annual data, as of Dec. 2020) : Poor (2/10)

Revenue : $17 Mil vs Net Income : $-2 Mil

Cash & Equivalents : $12 Mil vs Long-Term Debt* : $1 Mil

Operating Margin % : -10.36%

EPS without NRI : $-0.02

Dividends per Share : $0.00

Free Cash Flow per Share : $-0.05

Valuation (Quarterly data, as of Sep. 2021)

Valuation Chart (Current stock price : $0.5355)

PE Ratio without NRI : At Loss

PB Ratio : 2.49

PS Ratio : 1.47

Price-to-Free-Cash-Flow : 0.00

EV-to-EBIT : -9.88

Valuation Bands

Historical Price and PE Band

Historical Price and PS Band

Historical Price and PB Band

Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

Warning Signs

Severe Warning Signs

Altman Z-Score : Distress

Beneish M-Score : Possible manipulator

Revenue per Share : Declined

Good Signs

Insider Buy : Insider Buying

Competitive Comparison

5 Year Price Change Comparison

Financial Strength

Profitability

Valuation

Peter Lynch Chart[4]

Per Share Data

Per Share Data

Ratios

Financial Satement

Income Statement

Cashflow Statement

Financial Satement

Balance Sheet

Valuation Ratios

Valuation Ratios

Valuation and Quality

Explanation

1. Predictability Rank

2. Financial Strength

3. Profitability Rank

4. Peter Lynch Chart

5. GF Value

Disclaimer

Financial Strength^[2] (Quarterly data, as of Sep. 2021) : Fair (6/10)

Profitability^[3] (Annual data, as of Dec. 2020) : Poor (2/10)

Peter Lynch Chart^[4]