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Inuvo, Inc. (Amex:INUV), an online marketing technology and services company, announced its financial results for the third quarter and nine months ending September 30, 2011. reported revenue of $8.2 million for the quarter ended September 30, 2011, a $6.1 million decrease from the same quarter last year. Gross profit decreased $2.2 million in the third quarter to $3.6 million compared to $5.8 million in the same quarter last year, though gross margins increased to 43.5% from 40.8% in the same quarter last year. The decrease in revenue and gross profit was due primarily to lower revenue within the Network, the result of a decline in revenue per search following the migration from Yahoo! to Microsoft in late 2010. Revenue further declined as a result of a full quarter impact of exiting the telemarketing businesses in June of this year.

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