Business
Fluent Announces Fourth Quarter and Full-Year 2019 Financial Results
•Q4 2019 revenue of $80.0 million, up 13% over Q4 2018•Net income from continuing operations of $1.0 million, or $0.01 per share•Media margin of $26.3
About this update from Fluent, Inc.
[{"type":"text","content":"•Q4 2019 revenue of $80.0 million, up 13% over Q4 2018•Net income from continuing operations of $1.0 million, or $0.01 per share•Media margin of $26.3 million, up 5% over Q4 2018 and representing 32.9% of revenue•Adjusted EBITDA of $11.5 million, representing 14% of revenue•Adjusted net income of $6.1 million, or $0.08 per share NEW YORK, March 12, 2020 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported results for the fourth quarter and fiscal year ended December 31, 2019.\n Ryan Schulke, Fluent’s Chief Executive Officer, commented, “Our fourth quarter results confirmed the success of our response to factors affecting our business and the further strengthening of our core business in the latter part of the quarter. The uptick in our business demonstrated the resilience of our business model and our team and validates the market’s demand for our performance marketing services. During the quarter, we successfully fulfilled increased demand from key clients and further enhanced our client base, serving some of the highest quality leading global brands and innovative disruptors over Fluent's history to date.” Fourth Quarter Highlights •Revenue increased 13% to $80.0 million, from $70.8 million in Q4 2018•Net income from continuing operations of $1.0 million, or $0.01 per share, compared to net income from continuing operations of $1.6 million, or $0.02 per share•Media margin of $26.3 million, an increase of 5% over prior period and representing 32.9% of revenue•Adjusted EBITDA of $11.5 million, representing 14% of revenue•Adjusted net income of $6.1 million, or $0.08 per share Full-Year 2019 Highlights •Revenue increased 13% to $281.7 million, from $250.3 million in 2018•Net loss from continuing operations of $1.7 million, or $0.02 per share, compared to net income from continuing operations of $3.2 million, or $0.04 per share•Net loss from discontinued operations of $0.0 million, compared to $21.1 million•Media margin of $93.6 million, an increase of 2% over prior period and representing 33.2% of revenue•Adjusted EBITDA of $34.7 million, representing 12% of revenue•Adjusted net income $13.8 million, or $0.17 per share Media margin, adjusted EBITDA and adjusted net income are non-GAAP financial measures, as defined and reconciled below. Conference Call Fluent, Inc. w...