Fluent, Inc. Stock Price, News & Analysis

Fluent Inc (NASDAQ: FLNT) has announced new partnerships for its commerce media network, including major brands like Fanatics, Vivid Seats, Barnes & Noble College, Forever 21, Belk, Bealls Florida, and Hammacher Schlemmer. The company's Commerce Media Solutions enables partners to integrate non-endemic advertising across their platforms, enhancing customer experience with personalized offers.

Powered by first-party identity graph and AI algorithms, Fluent's solution has shown remarkable growth, with Q3 2024 revenue increasing 341% year-over-year to $10.4 million (16% of total revenue) from $2.3 million in Q3 2023. The company now maintains an annual recurring revenue run rate exceeding $50 million in its Commerce Media Solutions segment. This growth aligns with industry projections from Boston Consulting Group, which estimates the commerce media sector will reach $100 billion within five years, representing over 25% of digital media spending by 2026.

Fluent (NASDAQ: FLNT) has announced two concurrent offerings: a $5.75 million registered direct offering of 2,483,586 common shares at $2.3152 per share, and a $2.75 million private placement of unregistered pre-funded warrants for 1,187,802 shares at $2.3147 per warrant. The pre-funded warrants, exercisable at $0.0005 per share, require stockholder approval. The registered offering is expected to close around December 3, 2024, yielding net proceeds of $5.3 million, while the private placement should yield $2.7 million. ThinkEquity serves as placement agent, and proceeds will fund general corporate purposes including capital expenditures and working capital.

Fluent Inc (NASDAQ: FLNT) has released a new investor presentation highlighting its strategic shift towards commerce media business. The company reports significant growth in this segment, achieving triple-digit year-over-year revenue growth in every quarter of the current year. CEO Don Patrick emphasizes that this strategic pivot builds upon Fluent's 14-year expertise in customer acquisition, positioning the company distinctively in the industry.

Fluent (NASDAQ: FLNT) reported Q3 2024 financial results with revenue of $64.5 million, down 3% year-over-year. The company's Commerce Media Solutions revenue grew significantly by 341% to $10.4 million, representing 16% of total revenue, with a 33% gross profit margin. Net loss was $7.9 million ($0.48 per share). The company's strategic pivot towards Commerce Media Solutions shows strong traction with an annual recurring run rate exceeding $50 million. Fluent targets double-digit consolidated revenue growth and enhanced profitability in 2025, focusing on improving operational performance and positioning for long-term growth in the high-growth commerce media market.

Fluent (NASDAQ: FLNT) has scheduled its Third Quarter 2024 financial results announcement for November 14, 2024, after U.S. market close. The company will host a conference call at 4:30 PM ET on the same day to discuss the results. Interested parties can access the call via phone or audio registration, with a simultaneous webcast available on Fluent's Investor Relations page. A recorded replay will be accessible for one year following the call.

Fluent, Inc. (NASDAQ: FLNT) has appointed Ryan Perfit as Chief Financial Officer (CFO). Perfit, who served as interim CFO since February 1, 2023, returns to Fluent after previously working there from 2012 to 2019. As interim CFO, he helped navigate a settlement with the Federal Trade Commission and played a key role in establishing Fluent's credentials in high-growth marketplaces. He also led the negotiation of a new $50 million debt facility and implemented evolved financial processes and scorecards. CEO Don Patrick praised Perfit's valuable financial knowledge and industry experience from his 20-year career. Perfit expressed excitement about executing the company's growth strategies and elevating its financial performance.

Fluent, Inc. (NASDAQ: FLNT), a leader in partner monetization and customer acquisition solutions, has announced its participation in the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12, 2024. CEO Don Patrick and Interim CFO Ryan Perfit will represent the company and be available for one-on-one meetings throughout the day.

This virtual conference provides an opportunity for investors to engage directly with Fluent's top executives, potentially gaining insights into the company's strategies, performance, and future outlook. The event highlights Fluent's commitment to investor relations and its position in the partner monetization and customer acquisition sector.

Fluent Inc (NASDAQ: FLNT) reported its Q2 2024 financial results, showing a revenue decrease of 29% to $58.7 million compared to Q2 2023. The company faced challenges in its owned and operated marketplaces and new regulatory issues in Medicare and ACA verticals. Key financial highlights include:

- Net loss of $11.6 million ($0.75 per share)
- Gross profit of $12.6 million (21% of revenue)
- Media margin of $15.7 million (26.7% of revenue)
- Adjusted EBITDA of negative $4.5 million (-7.7% of revenue)

Despite challenges, Fluent saw growth in its syndicated performance marketplaces and added new partners. The company expects improved performance in H2 2024, driven by marketplace growth and expense discipline.

Fluent, Inc. (NASDAQ: FLNT) has announced it will release its Second Quarter 2024 financial results on August 19, 2024, after the U.S. financial markets close. The company will host a conference call at 4:30 pm ET on the same day to discuss the results. Interested parties can access the call via phone or audio webcast after registering online. The call will also be webcast live on Fluent's Investor Relations Page. Participants are advised to log in at least 15 minutes before the call starts. A recorded replay of the webcast will be available for one year on the company's Investor Relations Page following the call.