Inuvo, Inc. (INUV) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $0.31 million, or $ 0.01 a share in the quarter, against a net profit of $0.62 million, or $0.03 a share in the last year period.

Revenue during the quarter dropped 6.51 percent to $19.67 million from $21.04 million in the previous year period. Gross margin for the quarter contracted 1827 basis points over the previous year period to 59.46 percent. Operating margin for the quarter stood at negative 1.02 percent as compared to a positive 3.47 percent for the previous year period.

Operating loss for the quarter was $0.20 million, compared with an operating income of $0.73 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $0.61 million compared with $1.55 million in the prior year period. At the same time, adjusted EBITDA margin contracted 426 basis points in the quarter to 3.11 percent from 7.38 percent in the last year period.

"We made tremendous progress in the second half of 2016, growing 12% sequentially in both the third and fourth quarters. We are particularly pleased with the growth in the Partner Network segment, which increased 86% between the first and last quarters of 2016," stated Rich Howe, chairman and chief executive officer of Inuvo. "On an Adjusted EBITDA basis, we delivered $612 thousand, or $0.02 per share in the fourth quarter, up 46% over the third quarter."