Management ChangeAug 11, 2026, 05:32 PM
Inuvo Appoints Derric Ciccone President & CFO; Reports Q2 Results
AI Summary
Wallace D. Ruiz will retire as CFO and Secretary of Inuvo, effective August 17, 2026, and will serve as a consultant until December 31, 2026. Derric Ciccone is appointed President, CFO, and Secretary, effective August 17, 2026, bringing over 20 years of experience. Aleesha Parris is promoted to Chief Accounting Officer. For Q2 2026, Inuvo reported a 67% decrease in net revenue to $7.5 million, primarily due to Legacy Search rationalization, but Audience Modeling revenue grew 19%. The company also strengthened its capital position with $13 million in gross proceeds from financing transactions.
Key Highlights
- Wallace D. Ruiz to retire as CFO and Secretary, effective August 17, 2026.
- Derric Ciccone appointed President, CFO, and Secretary, effective August 17, 2026.
- Aleesha Parris promoted to Chief Accounting Officer, effective August 17, 2026.
- Q2 2026 net revenue decreased 67% to $7.5 million year-over-year.
- Audience Modeling revenue grew 19% year-over-year in Q2 2026.
- Q2 2026 net loss was $4.0 million, or $0.27 per share.
- Q2 2026 Adjusted EBITDA was a loss of $1.8 million.
- Completed financing transactions for approximately $13 million in gross proceeds.
Price Impact
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