secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-017072
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924017072/0001437749-24-017072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924017072/flnt20240301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer