Fluent Q1 revenue down 15% YoY to $66M; adjusted EBITDA positive at $0.7M

Fluent, Inc.

2024-Q1 EPS reported -$0.45 revenue$65,983,000

Revenue $66.0M (-15% YoY); net loss $6.3M ($0.45/share) vs net loss $31.9M in Q1 2023.
Gross profit (excl D&A) $18.6M (28% of revenue), improved margin; Media margin $22.1M (+1% YoY).
Adjusted EBITDA $0.7M positive (1.0% of revenue); adjusted net loss $4.2M ($0.30/share).
CEO cites softness in owned markets due to macro and FTC consent order; expects stabilization in H2.
$10M equity investment from founders, largest shareholder, and CEO reduces credit facility dependence.

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 0.9

Fluent, Inc. reported first quarter ended March 31, 2024 results: revenue Revenue of $66.0 million, net income Net loss of $6.3 million, EPS $0.45 per share.

Period: first quarter ended March 31, 2024
Revenue: Revenue of $66.0 million
Net income: Net loss of $6.3 million
EPS: $0.45 per share
Result: reported results

Exact text from the filing

such filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_633428.htm EXHIBIT 99.1 ex_633428.htm Exhibit 99.1 Fluent Announces First Quarter 2024 Financial Results • Revenue of $66.0 million for Q1 2024 • Net loss of $6.3 million for Q1 2024 • Gross profit (exclusive of depreciation and amortization) of $18.6 million for Q1 2024 • Media margin of $22.1 million for Q1

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Source: SEC EDGAR

accession 0001437749-24-017072

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