Business
Fluent Announces First Quarter 2022 Financial Results
Q1 2022 revenue of $89.1 million, up 27% over Q1 2021Net loss of $2.0 million, or $0.02 per shareGross profit (exclusive of depreciation and amortization) of
About this update from Fluent, Inc.
[{"type":"text","content":"Q1 2022 revenue of $89.1 million, up 27% over Q1 2021Net loss of $2.0 million, or $0.02 per shareGross profit (exclusive of depreciation and amortization) of $21.5 million, an increase of 12% over Q1 2021 and representing 24.1% of revenue for the three months ended March 31, 2022Media margin of $26.0 million, up 4% over Q1 2021 and representing 29.1% of revenue for the three months ended March 31, 2022Adjusted EBITDA of $4.8 million, representing 5.3% of revenue for the three months ended March 31, 2022Adjusted net income of $1.1 million, or $0.01 per share NEW YORK, May 09, 2022 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported financial results for the first quarter ended March 31, 2022. Don Patrick, Fluent’s Chief Executive Officer, commented, “Our First Quarter results represent the continued progress we are making towards our long-term strategic growth plan - focused on building high quality digital experiences for consumers while creating more effective, efficient, and scalable customer acquisition solutions for marketers. We continue to lean into opportunities where we can establish and leverage Fluent brand credentials in the marketplace. We remain confident that this consumer-centric strategy represents the winning road forward and enhances our competitive advantage, and ultimately building enterprise value for our stakeholders. It is foundational that Fluent creates meaningful downstream experiences for our consumers and expanding our relationships with world-class brands in key industry verticals; while successfully positioning us as leaders in an industry environment that continues to rapidly evolve.” First Quarter Financial Summary Q1 2022 revenue of $89.1 million, up 27% over Q1 2021Net loss of $2.0 million or $0.02 per share, compared to net loss of $6.3 million, or $0.08 per share, in Q1 2021Gross profit (exclusive of depreciation and amortization) of $21.5 million, an increase of 12% over Q1 2021 and representing 24.1% of revenue for the three months ended March 31, 2022Media margin of $26.0 million, an increase of 4% over Q1 2021 and representing 29.1% of revenue for the three months ended March 31, 2022Adjusted EBITDA of $4.8 million, representing 5.3% of revenue for the three months ended March 31, 2022Adjusted net income of $1.1 million, or $...