Inuvo, Inc.

Good day, ladies and gentlemen, and welcome to the Enovo Inc. 3rd Quarter 2025 Earnings Call. At this time, all lines are in the listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star 0 for the operator. This call is being recorded on Thursday, November 6th of 2025. I would now like to turn the conference over to Katie Cooper, Director of Marketing. Please go ahead.

Thank you, Operator, and good afternoon. I'd like to thank everyone for joining us today for the ANUVO Third Quarter 2025 Shareholder Update Call. Today, ANUVO's Chief Executive Officer, Richard Howe, Chief Financial Officer, Wally Ruiz, and Chief Operating Officer, Rob Buckner, will be your presenters on the call. We would also like to remind our shareholders that we plan to file our 10Q with the Securities and Exchange Commission this evening. Before we begin, I'm going to review the company's safe harbor statements. The statements in this conference call that are not descriptions of historical facts are forward-looking statements relating to future events, and as such, all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties, and actual results may differ materially. When used in this call, the words anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project, and similar expressions as they relate to a NUVO, Inc. are as such a forward-looking statement. Investors are cautioned that all forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those anticipated by ANUVO at this time. In addition, other risks are more fully described in ANUVO's public filings with the U.S. Security and Exchange Commission, which can be reviewed at www.sec.gov. The company makes no commitment to disclose any revisions to forward-looking statements or any facts, events, or circumstances after the date hereof that bear upon forward-looking statements. In addition, today's discussion will include references to non-GAAP measures. The company believes that such information provides an additional measurement and consistent historical comparison of its performance. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is available in today's news release on our website. With that, I'll now turn the call over to CEO Richard Howe.

Thank you, Katie, and good afternoon, everyone. For the third quarter of 2025, Annuvo delivered 22.6 million in revenue, roughly flat year over year. For the first nine months of the year, Annuvo has delivered 71.9 million in revenue. We're pleased to report a strong 25% year over year growth through the first nine months. That said, Q3 results fell short of our expectations. primarily due to a deliberate reduction in advertising spend starting in mid-August. This step was essential to align with updated requirements from our largest platform client, enabling us to sustain and scale our partnership longer term, a move we had previewed earlier. October revenue within platforms was back up year over year. The technologies required to meet the client's needs are now in place and are already helping ANUVO avoid compliance risks and facilitate future growth within this large client. I will talk more about these products and technological advances later in my comments. Therefore, we experienced a roughly 5% decline sequentially in platforms and a roughly 29% sequential growth within agencies and brands. Both platforms and agencies and brands are up year over year through the first nine months of 2025. Wally will discuss the financials in greater detail during his section. We have two notable items to share with you related to the business on this call. First, we've been working on a multimillion dollar contract with a government organization where the government shutdown has delayed the signing. I highlight this deal because it's a prime example of the larger opportunities we will be pursuing. Rob Buckner, who I will introduce in a few minutes, will talk about this during his remarks. Additionally, we have been a party to a large class action lawsuit that has now been settled. According to the attorneys representing the class and the verifiable claims we have, we expect a substantial payout in the first quarter of 2026. We remain optimistic about achieving our revenue goals for 2025 and want to reiterate that Q3's performance was not a function of reduced demand, but rather additional preparation required to onboard demand. Our largest and 10 key clients 2025 final budgets are now locked in. Based on those budgets, Our top five clients are expected to have grown over 65% year over year by the end of calendar 2025. I'd also like to mention that we recently hired a chief operating officer. Rob Buckner brings to Inuvo a successful career as a CMO, a CEO, and an entrepreneur. With his history as a dealmaker, Rob is uniquely positioned to help Inuvo monetize the industry-leading ad tech products we have built at this critical stage of our evolution. Rob joined Inuvo 10 months ago, progressing from go-to-market consultant to a board member and now chief operating officer, where he can now have an even bigger impact on the company. Let me now turn the call over to Rob for a go-to-market and client activities discussion.