Fluent Q2 2023 revenue falls 16% to $82.1M; net income turns positive at $1.2M

Fluent, Inc.

2023-Q2 EPS reported -$0.34 revenue$159,399,000

Revenue of $82.1M, down 16% YoY from $98.4M; gross profit (excl. D&A) $22.6M, down 20%.
Net income of $1.2M ($0.01/share) vs net loss of $56.9M ($0.70/share) in Q2 2022.
Adjusted EBITDA of $5.6M, down $3.8M YoY; media margin $25.9M, down 20%.
CEO cites volatile macro environment and FTC settlement as strategic roadmap clarity.
Six-month net loss of $30.8M vs $59.0M prior, reflecting lower goodwill impairment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Fluent, Inc. reported second quarter ended June 30, 2023 results: revenue $82.1 million, net income $1.2 million, EPS $0.01 per share.

Period: second quarter ended June 30, 2023
Revenue: $82.1 million
Net income: $1.2 million
EPS: $0.01 per share
Result: reported results

Exact text from the filing

filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_523852.htm EXHIBIT 99.1 ex_523852.htm Exhibit 99.1 Fluent Announces Second Quarter 2023 Financial Results • Revenue of $82.1 million for Q2 2023 and $159.4 million for FY 2023 • Gross profit (exclusive of depreciation and amortization) of $22.6 million for Q2 2023 and $41.6 million for FY 2023 • Net income of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Fluent, Inc. reported six months ended June 30, 2023 results: revenue $159.4 million, net income net loss of $30.8 million, EPS ($0.37) per share.

Period: six months ended June 30, 2023
Revenue: $159.4 million
Net income: net loss of $30.8 million
EPS: ($0.37) per share
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 ex_523852.htm EXHIBIT 99.1 ex_523852.htm Exhibit 99.1 Fluent Announces Second Quarter 2023 Financial Results • Revenue of $82.1 million for Q2 2023 and $159.4 million for FY 2023 • Gross profit (exclusive of depreciation and amortization) of $22.6 million for Q2 2023 and $41.6 million for FY 2023 • Net income of $1.2 million for Q2 2023 and

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Source: SEC EDGAR

accession 0001437749-23-023687

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