Fluent, Inc. Stock Price, News & Analysis

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.

Fluent, a leader in partner monetization solutions and customer acquisition, has announced a strategic media partnership with Hy-Vee and its retail media network, RedMedia. This collaboration aims to enhance the customer experience by offering special post-purchase deals on non-grocery items to Hy-Vee's online shoppers. Britt Polihronis, RedMedia’s VP of Operations, highlighted the partnership’s potential to expand advertising opportunities. Fluent's solution utilizes contextual modeling and data to tailor offers, thereby increasing customer engagement and loyalty. With over 500 Hy-Vee stores in the Midwest, this initiative seeks to capitalize on the growing retail media market, expected to account for 25% of US ad dollars by 2028.

Fluent (NASDAQ: FLNT) announced its inclusion in the Russell Microcap® Index, effective July 1, 2024. The Russell Indexes, which consist of the 4,000 largest US stocks ranked by total market capitalization, are reconstituted annually. Membership in the Russell Microcap® Index results in inclusion in the appropriate growth and value style indexes, enhancing visibility among institutions and investment funds. This strategic inclusion is expected to increase exposure and benchmark status for Fluent.

Fluent (NASDAQ: FLNT) announced its Q1 2024 financial results, reporting revenue of $66.0 million, a 15% decrease from Q1 2023. Despite this, the company achieved a gross profit of $18.6 million and a media margin of $22.1 million, representing 28% and 33.6% of revenue, respectively. Adjusted EBITDA increased to $0.7 million. However, the net loss stood at $6.3 million, down from $31.9 million in Q1 2023. The company faces challenges in its owned and operated markets due to a tough macroeconomic environment and compliance changes, but remains optimistic about stabilizing in the latter half of the year. Fluent also announced a $10 million equity investment to bolster its performance-based business model.

Fluent, Inc. (NASDAQ: FLNT) will announce its First Quarter 2024 financial results on May 15, 2024. The company will host a conference call to discuss the results, accessible via phone, online registration, or webcast. A replay will be available on Fluent's website for one year.