Business
Fluent Announces Fourth Quarter and Full-Year 2022 Financial Results
Revenue of $84.7 million for Q4 2022 and $361.1 million for FY 2022 Net loss of $67.5 million for Q4 2022 and $123.3 million for FY 2022 Gross profit
About this update from Fluent, Inc.
[{"type":"text","content":"Revenue of $84.7 million for Q4 2022 and $361.1 million for FY 2022 Net loss of $67.5 million for Q4 2022 and $123.3 million for FY 2022 Gross profit (exclusive of depreciation and amortization) of $20.0 million for Q4 2021 and $93.6 million for FY 2022 Media margin of $23.7 million for Q4 2022 and $110.0 million for FY 2022 Adjusted EBITDA of $2.7 million for Q4 2022 and $22.7 million for FY 2022 Adjusted net loss of $0.8 million for Q4 2022 and adjusted net income of $5.8 million for FY 2022 NEW YORK, March 15, 2023 (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, 2022. Donald Patrick, Fluent’s Chief Executive Officer, commented, \"Our results for the fourth quarter reflect the anticipated macro-economic conditions we saw at the end of the third quarter. However, our full year results show the continued progress we are making towards long-term strategic growth, which is focused squarely on consumer engagement, while enhancing the quality of the experience in our performance marketplace. Going forward, we expect to continue to see uncertainty in this economic environment but will continue to make the required strategic and economic adjustments to be successful in the long-term. Creating more effective customer acquisition solutions for our clients, while successfully positioning Fluent as a market leader is the winning road forward, and represents a more sustainable business for our stakeholders.” Fourth Quarter Highlights Revenue decreased 15.2% to $84.7 million, from $99.8 million in Q4 2021 Net loss of $67.5 million, or $0.83 per share, compared to net income of $3.8 million, or $0.05 per share Gross profit (exclusive of depreciation and amortization) of $20.0 million, a decrease of 27.2% over Q4 2021 and representing 24% of revenue Media margin of $23.7 million, a decrease of 24.0% over prior year period and representing 28.0% of revenue Adjusted EBITDA of $2.7 million, representing 3.2% of revenue Adjusted net loss of $0.8 million, or $0.01 per share Full-Year 2022 Highlights Revenue increased 9.7% to $361.1 million, from $329.3 million in 2021 Net loss of $123.3 million, or $1.51 per share, compared to net loss of $10.1 million, or $0.13 per share Gross profit (exclusive of depreciation and...