Business
Fluent Announces Third Quarter 2021 Financial Results
Q3 2021 revenue of $85.9 million, up 10% over Q3 2020Net loss of $2.5 million, or $0.03 per shareGross profit (exclusive of depreciation and amortization) of
About this update from Fluent, Inc.
[{"type":"text","content":" Q3 2021 revenue of $85.9 million, up 10% over Q3 2020Net loss of $2.5 million, or $0.03 per shareGross profit (exclusive of depreciation and amortization) of $22.1 million, down 13% over Q3 2020 and representing 25.7% of revenueMedia margin of $24.2 million, down 19% over Q3 2020 and representing 28.1% of revenueAdjusted EBITDA of $6.4 million, representing 7.4% of revenueAdjusted net income of $2.8 million, or $0.03 per share NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported financial results for the third quarter ended September 30, 2021. Don Patrick, Fluent’s Interim Chief Executive Officer, commented, “In the third quarter, we continued to progress our strategic quality initiatives, spanning all facets of our performance marketplace. These initiatives are strengthening our ability to deliver value for our clients through measurable ROI goals and to scale new Fluent revenue streams. Additionally, we fully acquired the Winopoly live agent business, re-launched as Fluent Sales Solutions, which expands our marketplace to better connect consumers with marketers in high-consideration, high-value categories including Insurance, Home, Financial and Legal Services. Looking ahead on our strategic roadmap, we are resolute in our focus on building higher quality digital experiences for consumers, creating more effective and sustainable customer acquisition solutions for marketers, and ultimately building enterprise value for our stakeholders.” Third Quarter Financial Summary Q3 2021 revenue of $85.9 million, up 10% over Q3 2020Net loss of $2.5 million or $0.03 per share, compared to net income of $1.2 million, or $0.01 per share, in Q3 2020Gross profit (exclusive of depreciation and amortization) of $22.1 million, a decrease of 13% over Q3 2020 and representing 25.7% of revenueMedia margin of $24.2 million, a decrease of 19% over Q3 2020 and representing 28.1% of revenueAdjusted EBITDA of $6.4 million, representing 7.4% of revenueAdjusted net income of $2.8 million, or $0.03 per share Media margin, adjusted EBITDA and adjusted net income are non-GAAP financial measures, as defined and reconciled below. Business Outlook Strategic quality initiatives progressing across Fluent's marketplaceMonetization, as measured by media margin per registration, ...