secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014577
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/0001437749-23-014577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774923014577/flnt20230124_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014577

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer