Inuvo, Inc.

Good afternoon and welcome to Inuvo, Inc., Q2 2026 earnings call. At this time, all lines are in lesson-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 zero for the operator. This call is being recorded on Tuesday, August 11, 2026. And I would now like to turn the conference over to Katie Cooper, Head of Brand and Communications. Thank you. Please go ahead.

Thank you, operator, and good afternoon. I'd like to thank everyone for joining us today for the ANUVO second quarter 2026 shareholder update call. Today, ANUVO's chief executive officer, Rob Buchner, and chief financial officer, Wally Ruiz, 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'd like to remind you that 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 risks 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 ANUVO, 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. Securities 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 discussions 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 will now turn the call over to CEO Rob Buchner.

Thank you, Katie, and good afternoon, everyone, and thanks for joining the call. I'll begin today with brief remarks on our second quarter results and our progress on the key tenants of our growth agenda. Then I'll hand it over to Wally for a review of the financials and our recent capital raise. I'll then close with a few thoughts and open the call for your questions. All right, let's start with the second quarter. Second quarter results tell a story that continues to underscore the strategic choices we made over the last several months. Audience modeling revenue increased 19% from a year ago, driven once again by deepening investment from existing clients and recent client wins. At the same time, legacy search revenue had slowed more than expected and recovery has been slower, reflecting ongoing industry-wide disruption. These dynamics are emblematic of a broader structural evolution occurring across the open web. Digital advertising is undergoing a fundamental shift away from an identity economy which relies on degrading personal IDs, third-party cookies, and static historical segments toward a context economy. As match rates fall and tracking mechanisms fail, chasing who someone was yesterday is yielding diminishing returns. Value on the open web is migrating to platforms that understand what is happening around a user in real time.