Fluent reports Q4 revenue $72.8M (-14.1% YoY); FY net loss $63.2M

Fluent, Inc.

2023-FY EPS reported -$0.77 revenue$298,399,000

Q4 revenue $72.8M vs $84.7M in Q4 2022; net loss improved to $1.9M from $67.5M.
Gross profit (ex-D&A) $20.8M (+4% YoY), representing 29% of revenue.
Media margin $24.1M (+1.7% YoY), representing 33.1% of revenue.
Adjusted EBITDA $2.5M in Q4 (down $0.2M); FY adjusted EBITDA $6.8M (down $15.9M).
CEO cites sequential quarterly growth and investments in new performance marketplaces.

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 0.95

Fluent, Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $72.8 million, net income Net loss of $1.9 million, EPS $0.02 per share.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $72.8 million
Net income: Net loss of $1.9 million
EPS: $0.02 per share
Result: preliminary results

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 ex_599972.htm EXHIBIT 99.1 ex_599972.htm Exhibit 99.1 Fluent Announces Expected Fourth Quarter and Full-Year 2023 Financial Results • Revenue of $72.8 million for Q4 2023 and $298.4 million for FY 2023 • Net loss of $1.9 million for Q4 2023 and $63.2 million for FY 2023 • Gross profit (exclusive of depreciation and amortization) of

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Source: SEC EDGAR

accession 0001437749-24-006022

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