---
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"
generated_at: "2026-06-15T00:57:54.830084+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fluent Q1 net loss $31.9M (-$0.39) includes $25.7M goodwill impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014577
- JSON: https://secwatch.observer/filing/0001437749-23-014577.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014577.txt

## Key facts
- Earnings Releases
  Fluent, Inc. reported first quarter ended March 31, 2023 results: revenue $77.3 million, net income $31.9 million, EPS $0.39 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $77.3 million
  - Net income: $31.9 million
  - EPS: $0.39 per share
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/0001437749-23-014577-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.