secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001437749-24-027214
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent Q2 2024 revenue down 29% YoY; net loss of $11.6M; adjusted EBITDA negative $4.5M
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- Revenue of $58.7M (down 29% YoY from $82.1M); net loss $11.6M vs net income $4.3M in Q2 2023.
- Adjusted EBITDA negative $4.5M, a decline of $10.1M from Q2 2023; adjusted net loss $0.47 per share.
- Recorded a $3.1M write-down of accounts receivable due to new regulatory challenges in Medicare and ACA verticals.
- Syndicated performance marketplaces grew significantly and exceeded internal forecasts for revenue and gross profit.
- Management anticipates margin expansion in H2 2024 driven by marketplace stabilization, syndicated growth, and expense discipline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924027214/0001437749-24-027214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924027214/flnt20240522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027214

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