Inuvo Message Board - Msg: 21206030

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Technology Stocks : Inuvo

INUV 3.000

+8.3%

Oct 31 9:30 AM EST

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From: Glenn Petersen	4/7/2005 9:21:40 AM
	of 41

The company had a disappointing fourth quarter. The stock closed at $4.50 per share on March 31, 2005, prior to the release of its earnings. It has subsequently traded as low as $3.66. “This decrease in after-tax earnings and in after-tax earnings per diluted share in the fourth quarter of 2004 was due to a combination of factors including: a higher than expected bad debt writeoff during the fourth quarter of 2004; disproportionately higher sales later in the quarter, combined with a number of longer-term contract signings, which resulted in lower than anticipated revenue recognition during the fourth quarter of 2004; a higher number of shares and warrants outstanding due to our December 2004 private placement; and the elimination of a deferred tax valuation allowance during the fourth quarter of 2003.” biz.yahoo.com

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