8-K/A
filed August 21, 2023, 7:59 PM ET
ticker FLNT
CIK 0001460329
earnings
confidence high
sentiment neutral
materiality 0.70
Fluent amends Q2 2023 earnings to correct debt and insurance classifications, net income now $4.3M
Fluent, Inc.
2023-Q2 EPS reported
-$0.34
revenue$159,399,000
- Correction reclassifies $5M debt prepayment from non-current to current liability on June 30, 2023 balance sheet.
- $4M insurance proceeds reclassified as current asset with offsetting contra-expense to G&A, reducing expenses.
- Additional income tax expense of $0.9M recorded; net income increased by approx. $3.1M.
- Corrected Q2 2023 net income is $4.3M; six-month net loss restated to $27.7M.
- Goodwill impairment of $25.7M for six months remains unchanged in corrected statements.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fluent, Inc. reported three and six months ended June 30, 2023 results: revenue 159,399, net income -27,692, EPS -0.34.
- Period
- three and six months ended June 30, 2023
- Revenue
- 159,399
- Net income
- -27,692
- EPS
- -0.34
- Result
- reported results
Exact text from the filing
Revenue $ 82,145 $ 98,361 $ 159,399 $ 187,424
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fluent, Inc. reported three and six months ended June 30, 2023 results: revenue 159,399, net income -27,692, EPS -0.34.
- Period
- three and six months ended June 30, 2023
- Revenue
- 159,399
- Net income
- -27,692
- EPS
- -0.34
- Result
- reported results
Exact text from the filing
(Amounts in thousands, except share and per share data) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue $ 82,145 $ 98,361 $ 159,399 $ 187,424 Costs and expenses: Cost of revenue (exclusive of depreciation and amortization) 59,540 70,026 117,812 137,589 Sales and marketing 4,215 4,484 9,028 8,336 Product
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fluent, Inc. reported three months ended June 30, 2023 results: revenue 82,145, net income 4,251, EPS 0.05.
- Period
- three months ended June 30, 2023
- Revenue
- 82,145
- Net income
- 4,251
- EPS
- 0.05
- Result
- reported results
Exact text from the filing
STATEMENTS OF OPERATIONS (Amounts in thousands, except share and per share data) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue $ 82,145 $ 98,361 $ 159,399 $ 187,424 Costs and expenses: Cost of revenue (exclusive of depreciation and amortization) 59,540 70,026 117,812 137,589 Sales and marketing 4,215 4,484 9,028
View on SEC.gov
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