Fluent, Inc. reports developments as a commerce media solutions company focused on performance advertising and customer acquisition. The company connects advertisers with engaged consumers through partner websites, mobile applications, transaction flows, owned digital media properties, first-party data and proprietary machine learning.
Recurring Fluent news includes quarterly and annual results, Commerce Media Solutions growth, partner integrations across retail, travel, ticketing, services and other high-intent transaction environments, and advertiser marketplace activity. Company updates also cover capital actions, financing flexibility, investor-conference participation and portfolio changes, including the completed sale of the Winopoly Call Solutions subsidiary as Fluent concentrates resources on Commerce Media 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.
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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.
Fluent, Inc. (NASDAQ: FLNT) will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022. The event will feature CEO Don Patrick, Chief Strategy Officer Ryan Schulke, and CFO Sugandha Khandelwal, scheduled to present at 10:30 AM Eastern time. Presentations will be broadcast live and available for replay for 14 days via the conference portal. Fluent, a data-driven performance marketing company founded in 2010, specializes in delivering outcome-based solutions for marketers. For more details, visit www.fluentco.com.
Fluent, Inc. (NASDAQ: FLNT), a top performance marketing firm, will announce its Q2 2022 financial results on August 9, 2022, after U.S. markets close. A conference call will occur on the same day at 4:30 PM ET to discuss results and provide updates. Interested parties can access the call via phone or webcast. Fluent specializes in data-driven marketing and aims to deliver effective solutions for brands using its consumer database and technology.
Fluent, Inc. (NASDAQ: FLNT) announced its 2022 Annual Meeting of Shareholders scheduled for June 8, 2022, at 11 a.m. EST. This meeting will be held in a virtual-only format, accessible through virtualshareholdermeeting.com/FLNT2022. Shareholders of record by May 6, 2022, can participate using their control number. A webcast replay will be available approximately 24 hours post-meeting.
Fluent, Inc. (NASDAQ: FLNT), a leading performance marketing company, will participate in the 17th Annual Needham Technology & Media Conference on May 19, 2022. The presentation will feature CEO Don Patrick, Chief Strategy Officer Ryan Schulke, and CFO Sugandha Khandelwal, commencing at approximately 11:45 AM Eastern Time. Interested investors can listen to the live broadcast via the company's Investors page. A replay will be available until May 19, 2023. Founded in 2010 and headquartered in New York, Fluent specializes in data-driven marketing solutions.
Fluent, Inc. (NASDAQ: FLNT) reported Q1 2022 revenue of $89.1 million, a 27% increase from Q1 2021. The company posted a net loss of $2.0 million, or $0.02 per share, an improvement from a loss of $6.3 million in the same period last year. Gross profit rose 12% to $21.5 million, representing 24.1% of revenue. Media margin increased 4% to $26.0 million, while adjusted EBITDA was $4.8 million, equating to 5.3% of revenue. The company is optimistic about future growth driven by strategic client relationships and enhanced consumer experiences.