Fluent, Inc. Stock Price, News & Analysis

Fluent, Inc. (NASDAQ: FLNT) announced its plans to report financial results for the Fourth Quarter and Full Year ended December 31, 2022, on March 15, 2023, post U.S. market close. A conference call will follow at 4:30 PM ET the same day to discuss the results and offer a business update. Interested parties can access the call by registering online or listening via the company's Investor Relations Page. A recorded replay will also be available for those unable to attend.

Skillz (NYSE: SKLZ) announces the appointment of Alex Mandel, former CFO of The Influential Network Inc., to its Board of Directors. He replaces Vanna Mehta-Krantz, who is stepping down for other commitments. Mandel brings extensive financial experience, having previously held CFO positions at Fluent, Inc. (NASDAQ: FLNT) and LendingTree, Inc. (NASDAQ: TREE). His expertise is expected to support Skillz's growth strategy and enhance operations. CEO Andrew Paradise has expressed excitement about Mandel’s role in accelerating the company's trajectory toward profitability.

Fluent, Inc. (NASDAQ: FLNT) reported Q3 2022 revenue of $89.0 million, up 4% year-over-year. Net income reached $3.1 million or $0.04 per share, compared to a net loss of $2.5 million in Q3 2021. Gross profit increased 8% to $23.8 million, representing 27% of revenue. Media margin rose 16% to $28.1 million, accounting for 31.5% of revenue. Adjusted EBITDA was $5.9 million, or 6.6% of revenue. The company emphasizes a focus on consumer engagement and quality improvement in its performance marketplace.

Fluent, Inc. (NASDAQ: FLNT) will announce its Third Quarter 2022 financial results on November 7, 2022, after U.S. markets close. The company will host a conference call at 4:30 PM ET the same day to review its results and provide a business update. Investors can register for the call online or access it via Fluent's Investor Relations Page. A replay of the call will be available for a year after the event. Fluent is known for its data-driven performance marketing strategies, leveraging technology and consumer insights to deliver effective marketing solutions.

Fluent, Inc. (NASDAQ: FLNT) has partnered with TransUnion to make its extensive audience segments available via the TruAudience® Data Marketplace. This collaboration connects Fluent’s database of 280 million US consumer profiles with TransUnion’s insights, enhancing advertisers' ability to target audiences across Connected TV and streaming audio platforms.

Brian Hogan, President of Data Solutions at Fluent, emphasized the importance of reliable, privacy-compliant data for advertisers. This partnership aims to improve omnichannel marketing effectiveness.

Fluent, Inc. (NASDAQ: FLNT) appointed David A. Graff and Richard C. Pfenniger, Jr. as new Directors to its Board, enhancing its leadership team. Graff, currently at Google, brings expertise in performance marketing, while Pfenniger has significant experience in healthcare and corporate governance. Chairman Ryan Schulke emphasized their complementary skills will help drive growth and shareholder value. This move reflects Fluent's strategy to bolster public company expertise and support its ongoing expansion in the digital marketing sector.

Fluent, Inc. (NASDAQ: FLNT) has launched a new financial wellness app, Purpose, aimed at aiding consumer financial decisions through engaging content and brand discovery. Industry veteran Ari Kassman joins Fluent to enhance Purpose and other community-driven products. Purpose aims to improve financial literacy and save consumers money by connecting them with relevant services. This strategic move aligns with Fluent’s consumer-focused strategy, supporting growth and loyalty amidst economic challenges.

Fluent, Inc. (NASDAQ: FLNT) reported Q2 2022 revenue of $98.4 million, a 34% increase from the previous year. Gross profit reached $28.3 million, up 69%, representing 29% of revenue. Despite these gains, the company faced a net loss of $56.9 million, or $0.70 per share, largely due to a non-cash impairment charge of $55.4 million on goodwill. Media margin saw a notable increase of 60% to $32.3 million, contributing 32.8% of revenue. Adjusted EBITDA was $9.4 million, indicating 9.6% of revenue.