secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001437749-23-031994
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent reports Q3 2023 revenue down 26% YoY, net loss of $33.6M, adjusted EBITDA negative
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- Revenue $66.2M vs $89.0M in Q3 2022, a 26% decline; net loss $33.6M ($0.41/sh) vs net income $3.1M.
- Gross profit (ex D&A) of $16.1M, down 32% YoY; media margin $19.3M, down 31%.
- Adjusted EBITDA negative $1.7M vs positive $5.9M in Q3 2022; adjusted net loss $4.1M ($0.05/sh).
- CEO cites post-FTC settlement transition and focus on rebuilding core; goodwill impairment drives net loss.
- YTD 2023 revenue $225.6M (-18% YoY); adjusted EBITDA positive $4.3M vs $20.1M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774923031994/0001437749-23-031994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774923031994/flnt20230906_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031994

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