{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-014577","form_type":"8-K","ticker":"FLNT","cik":"0001460329","company_name":"Fluent, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.932133+00:00","generated_at":"2026-06-15T00:57:54.830084+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Fluent Q1 net loss $31.9M (-$0.39) includes $25.7M goodwill impairment","bullets":["Revenue $77.3M, down 13% YoY from $89.1M; media margin $22.0M (28.4% of revenue).","Net loss $31.9M ($0.39 per share) vs net loss $2.0M in Q1 2022; includes $25.7M non-cash goodwill impairment.","Adjusted EBITDA $0.4M (0.6% of revenue), down $4.3M from $4.7M in Q1 2022.","Adjusted net loss $2.7M ($0.03 per share) vs adjusted net income $1.1M ($0.01) in prior year.","CEO cites 'Quality as our North Star' strategy and positive trendline into Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-014577","json":"https://secwatch.observer/filing/0001437749-23-014577.json","markdown":"https://secwatch.observer/filing/0001437749-23-014577.md","text":"https://secwatch.observer/filing/0001437749-23-014577.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/0001437749-23-014577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/flnt20230124_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:57:54.830084+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4d942ce8e51ebdaebe10239e84b5b77da0ba0db8","claim":"Fluent, Inc. reported first quarter ended March 31, 2023 results: revenue $77.3 million, net income $31.9 million, EPS $0.39 per share.","evidence_excerpt":"• Revenue decreased 13% to $77.3 million, from $89.1 million in Q1 2022 • Gross profit (exclusive of depreciation and amortization) of $19.0 million, a decrease of 12% over Q1 2022 and representing 25% of revenue • Net loss of $31.9 million, or $0.39 per share, primarily due to non-cash impairment charge of $25.7 million to goodwill, compared to net loss of $2.0 million, or $0.02 per share, for Q1 2022 • Media margin of $22.0 million, a decrease of 15% over Q1 2022 and representing 28.4% of revenue • Adjusted EBITDA of $0.4 million, a decrease of $4.3 million over Q1 2022 and representing 0.6% of revenue • Adjusted net loss of $2.7 million, or $0.03 per share, compared to adjusted net income $1.1 million, or $0.01 per share, for Q1 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/0001437749-23-014577-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$77.3 million"},{"label":"Net income","value":"$31.9 million"},{"label":"EPS","value":"$0.39 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}