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November 11 , 2021 inūvo . Inuvo Announces Revenue Increase of 83 % Year - Over - Year for the Third Quarter Ending September 30 , 2021 LITTLE ROCK , Ark . , Nov. 11 , 2021 ( GLOBE NEWSWIRE ) -- Inuvo , Inc. ( NYSE American : INUV ) , a leading provider of marketing technology , powered by artificial intelligence ( Al ) that serves brands and agencies , today announced its financial results for the third quarter and nine - month periods ending September 30 , 2021 . Richard Howe , CEO of Inuvo , stated , " Revenue for the third quarter grew 83 % year - over year and 33 % sequentially driven by significant growth in both platforms . We signed in excess of $ 10 million worth of IntentKey orders within the quarter that we expect to deliver over a nine - month period beginning in the fourth quarter and as we had been messaging throughout the year , we achieved a positive Adjusted EBITDA in September . We expect to continue growing throughout the last quarter of 2021. " Financial Results for the Third Quarter and Nine Month Periods Ended September 30 , 2021 : Inuvo experienced higher year - over - year revenue for the three and nine months ended September 30 , 2021 as compared to the same periods in 2020. Net revenue for the third quarter and first nine months ended September 30 , 2021 totaled $ 16.8 million and $ 40.1 million , respectively , an increase of 82.8 % and 26.3 % as compared to $ 9.2 million and $ 31.7 million for the same period the prior year . Revenue from both platforms , Valid Click and IntentKey exceeded the prior year . IntentKey revenue for the three months ended September 30 , 2021 exceeded the prior year quarter by 71 % . Valid Click revenue exceeded the revenue in the third quarter of last year by 88 % . Revenue increased sequentially 33 % for the third quarter of 2021 as compared to the second quarter of 2021. IntentKey revenue increased 75 % sequentially . Cost of revenue for the third quarter and first nine months ended September 30 , 2021 , totaled $ 3.8 million and $ 7.5 million as compared to $ 1.6 million and $ 6.2 million during the same periods the year prior . The increase in the cost of revenue for the three and nine months ended September 30 , 2021 as compared to the same quarter in 2020 was related to the growth within both platforms . Gross profit for the third quarter and first nine months ended September 30 , 2021 , totaled $ 13.1 million and $ 32.6 million as compared to $ 7.6 million and $ 25.6 million during the same periods the year prior . Gross profit margin for the third quarter of 2021 was 77.7 % as compared to 82.1 % for the same period the year prior . Gross profit margin for the first nine months ending September 30 , 2021 was 81.4 % as compared to 80.6 % for the same period the year prior .