Welcome to our dedicated page for Fluent news (Ticker: FLNT), a resource for investors and traders seeking the latest updates and insights on Fluent stock.
Fluent, Inc. (NASDAQ: FLNT) is a leader in data-driven performance marketing, connecting brands with consumers through innovative digital solutions. This news hub provides investors and marketing professionals with essential updates about the company's strategic initiatives and market position.
Access real-time announcements including earnings reports, partnership developments, and product innovations. Our curated collection features official press releases alongside third-party analysis, offering comprehensive insights into Fluent's operational milestones and industry impact.
Key coverage areas include advertising technology advancements, client acquisition strategies, and financial performance updates. The resource is particularly valuable for tracking Fluent's expertise in leveraging first-party data and machine learning for targeted marketing solutions.
Bookmark this page for streamlined access to FLNT news updates. Check regularly for the latest developments in performance marketing trends and the company's evolving role within the digital advertising ecosystem.
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.
SLR Credit Solutions announced a $50 million senior credit facility for Fluent, Inc., a leader in performance marketing. The facility will support growth and operational needs, with proceeds used to refinance debt and enhance liquidity. Fluent's CEO and SLR CS's Managing Director expressed excitement about the partnership. SLR CS is known for providing private credit to middle-market companies.
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