earnings
confidence high
sentiment positive
materiality 0.65
Fluent Q2 revenue up 8% to $48.4M; CMS grows 90%, run rate tops $125M
Fluent, Inc.
- Q2 revenue $48.4M, up 8% YoY; net loss narrowed to $6.2M ($0.20/sh) from $7.2M ($0.30/sh)
- Commerce Media Solutions revenue $30.5M, up 90% YoY, now 63% of revenue; annual run rate exceeds $125M
- Gross margin expanded to 29% from 23%; CMS gross margin 27%; media margin up 46% to $17.5M
- Adjusted EBITDA loss narrowed to $1.8M from $2.8M; H1 revenue $93.3M, down 7%, net loss $11.5M
- Full-year guidance: double-digit revenue growth on continuing businesses; launched in-store commerce media offering