Highest-materiality recent filing
Fluent Q2 revenue up 8% to $48.4M; CMS grows 90%, run rate tops $125M
Q2 revenue $48.4M, up 8% YoY; net loss narrowed to $6.2M ($0.20/sh) from $7.2M ($0.30/sh)
Fluent Q1 revenue down 19% to $44.9M; Commerce Media revenue up 104% to $25.9M
Net loss narrowed to $5.4M ($0.17 loss per share) from $8.3M ($0.39) in Q1 2025.
Fluent Q4 2025 revenue down 5.5% to $61.8M; Commerce Media revenue up 101% to $34.7M, 56% of total
Q4 net loss $4.1M ($0.13/sh) vs $3.4M ($0.19/sh) in Q4 2024; full-year net loss $27.2M ($1.05/sh).
Fluent enters $30M accounts receivable financing; repays SLR debt with $1M early termination fee
Up to $30M advance based on eligible receivables; 36-month initial term, auto-renewing annually.
Fluent Q3 revenue down 27% to $47M; Commerce Media up 81% to $18.8M, 40% of total
Net loss of $7.6M ($0.27/share) vs $7.9M loss ($0.48) in Q3 2024; Adjusted EBITDA loss of $3.4M.
Fluent raises $10.3M in private placement with insider participation; issues shares and warrants
Gross proceeds ~$10.3M from sale of 5.87M shares/warrants at $1.75/unit; participation by officers and largest shareholder.
Q2 revenue $44.7M (-24% YoY); net loss $7.2M ($0.30) vs $11.6M loss in Q2 2024.
Fluent Q1 2025 revenue falls 16% to $55.2M; Commerce Media revenue up 99%
Net loss of $8.3M ($0.39 per share) vs $6.3M loss in Q1 2024; adjusted net loss $6.7M ($0.31).
Fluent raises ~$5.0M via pre-funded warrants sold to insiders and largest stockholder
Sold 2,332,104 pre-funded warrants at $2.174 each, exercise price $0.0005.
Fourth Amendment on March 10 requires at least $5M additional capital for Borrower (Fluent LLC) by March 20, 2025.
Fluent Q4 revenue falls 10% to $65.4M; Commerce Media Solutions revenue surges 139%
Q4 revenue $65.4M (-10.1% YoY); net loss $3.4M ($0.19/share) vs. loss $1.9M prior year.
Fluent raises ~$8.0M via registered direct offering and private placement of pre-funded warrants
Registered direct offering of 2,483,586 shares at $2.3152/share, expected net proceeds ~$5.3M.
Fluent Q3 revenue down 3% to $64.5M; Commerce Media revenue jumps 341% to $10.4M
Net loss improved to $7.9M ($0.48/sh) from $33.6M ($2.43/sh) in Q3 2023.
Fluent appoints Ryan Perfit as permanent CFO; salary $376,723 plus bonuses and equity
Ryan Perfit appointed CFO effective September 1, 2024; served as interim CFO since February 1, 2023.
Fluent Q2 2024 revenue down 29% YoY; net loss of $11.6M; adjusted EBITDA negative $4.5M
Revenue of $58.7M (down 29% YoY from $82.1M); net loss $11.6M vs net income $4.3M in Q2 2023.
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.
Fluent Inc. effects 1-for-6 reverse stock split effective April 11, 2024
Reverse split ratio of 1-for-6; reduces outstanding shares from ~81.6M to ~13.6M.
Fluent reports Q4 2023 revenue $72.8M (-14% YoY); full-year net loss $63.2M, adjusted EBITDA $6.8M
Q4 revenue $72.8M, down 14.1% YoY; net loss improved to $1.9M from $67.5M in Q4 2022.
Fluent reports Q4 revenue $72.8M (-14.1% YoY); FY net loss $63.2M
Q4 revenue $72.8M vs $84.7M in Q4 2022; net loss improved to $1.9M from $67.5M.
Third waiver extends covenant breach forbearance to Apr 30, 2024; interest margin increased to 3% base / 4% SOFR.
Fluent gets second temporary waiver on credit covenant breach, extended to Jan 26
Second Temporary Waiver extends initial waiver expiration from Jan 15 to Jan 26, 2024.
Fluent reports Q3 2023 revenue down 26% YoY, net loss of $33.6M, adjusted EBITDA negative
Revenue $66.2M vs $89.0M in Q3 2022, a 26% decline; net loss $33.6M ($0.41/sh) vs net income $3.1M.
Fluent transfers to Nasdaq Capital Market; faces bid price compliance deadline Oct 30, 2023
Approved transfer from Nasdaq Global Market to Nasdaq Capital Market effective Oct 18, 2023, stock symbol FLNT unchanged.
Fluent amends Q2 2023 earnings to correct debt and insurance classifications, net income now $4.3M
Correction reclassifies $5M debt prepayment from non-current to current liability on June 30, 2023 balance sheet.
Fluent Q2 2023 revenue falls 16% to $82.1M; net income turns positive at $1.2M
Revenue of $82.1M, down 16% YoY from $98.4M; gross profit (excl. D&A) $22.6M, down 20%.
Fluent Q1 net loss $31.9M (-$0.39) includes $25.7M goodwill impairment
Revenue $77.3M, down 13% YoY from $89.1M; media margin $22.0M (28.4% of revenue).
Fluent receives Nasdaq bid-price deficiency notice; 180-day cure period until Oct 30, 2023
Nasdaq notified Fluent on May 1, 2023 that closing bid price of FLNT was below $1.00 for 30 consecutive business days.
Fluent Q4 revenue $84.7M (-15% YoY); net loss $67.5M vs $3.8M profit
Q4 revenue $84.7M (-15.2% YoY); net loss $67.5M ($0.83/share) vs prior year profit $3.8M.
CFO Sugandha Khandelwal resigns; Ryan Perfit named interim CFO starting Feb 1
Sugandha Khandelwal resigns as CFO effective Feb 3, 2023; resignation not due to disagreement with financial reporting.
Fluent amends credit agreement, acknowledges FTC and PA litigation, loses revolver access
Entered second amendment to credit agreement; replaced LIBOR with Term SOFR; joined new guarantors.
Fluent Q3 revenue up 4% to $89M; net income $3.1M vs year-ago loss
Revenue $89.0M (+4% YoY); net income $3.1M ($0.04 EPS) vs net loss of $2.5M ($0.03 loss) in Q3 2021.
On January 17, 2025, the Board of Directors (the “ Board ”) of Fluent, Inc. (the “ Company ”) increased the size of the Board from six to seven members and appointed James P. (“ JP ”) Geygan to fill the resulting vacancy.
On September 9, 2024, Fluent, Inc. (the “Company”) appointed Ryan Perfit to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer effective as of September 1, 2024.
On December 27, 2023, Carla Newell resigned from the Company's Board of Directors (the “ Board ”).
The Company has appointed Ryan Perfit to serve as the Company’s Interim Chief Financial Officer and Principal Financial and Accounting Officer effective February1, 2023.
On January 24, 2023, Sugandha Khandelwal, the Chief Financial Officer of Fluent, Inc. (the "Company"), gave notice of her resignation as the Company’s Chief Financial Officer, Principal Financial and Accounting Officer, effective February 3, 2023.
On October 6, 2022, the Board of Directors (the "Board") of Fluent, Inc. (the "Company") appointed David A. Graff and Richard C. Pfenniger, Jr. as directors of the Company.
On October 6, 2022, the Board of Directors (the "Board") of Fluent, Inc. (the "Company") appointed David A. Graff and Richard C. Pfenniger, Jr. as directors of the Company.
On November 9, 2021, Alexander E. Mandel, the Chief Financial Officer of Fluent, Inc. (the "Company"), gave notice of his resignation as the Company’s Chief Financial Officer, Principal Financial and Accounting Officer, to be effective on December 6, 2021.
Also on November 9, 2021, the Company appointed Sugandha Khandelwal to become the Company’s Chief Financial Officer and Principal Financial and Accounting Officer effective December 6, 2021.
Ryan Schulke, age 38, resigned as Chief Executive Officer of the Company and was appointed Chief Strategy Officer of the Company.
Donald Patrick, age 60, was appointed Interim Chief Executive Officer, resigning his role as the Company’s Chief Operating Officer
Matthew Conlin, age 38, resigned as President of the Company and was appointed Chief Customer Officer of the Company.
Max materiality 0.80 · Median 0.60 · Most common event earnings