Business
Fluent Announces Third Quarter 2022 Financial Results
Q3 2022 revenue of $89.0 million, up 4% over Q3 2021Net income of $3.1 million, or $0.04 per shareGross profit (exclusive of depreciation and amortization) of
About this update from Fluent, Inc.
[{"type":"text","content":"Q3 2022 revenue of $89.0 million, up 4% over Q3 2021Net income of $3.1 million, or $0.04 per shareGross profit (exclusive of depreciation and amortization) of $23.8 million, an increase of 8% over Q3 2021 and representing 27% of revenue for the three months ended September 30, 2022Media margin of $28.1 million, up 16% over Q3 2021 and representing 31.5% of revenue for the three months ended September 30, 2022Adjusted EBITDA of $5.9 million, representing 6.6% of revenue for the three months ended September 30, 2022Adjusted net income of $5.0 million, or $0.06 per share NEW YORK, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported financial results for the third quarter ended September 30, 2022. Don Patrick, Fluent’s Chief Executive Officer, commented, “Our third quarter results came in as planned and exhibit the continued progress we are making on our long-term strategic growth plan. We are focused squarely on consumer engagement, along with enhancing the quality experience in our performance marketplace. Creating more effective, long term customer acquisition solutions for our clients, while successfully positioning Fluent as a market leader is the winning road forward, and it represents a more sustainable Fluent business for our stakeholders. We anticipate the economic environment will remain volatile for some time, and we will strategically and financially adapt to the economic realities by balancing our investments and managing our business mix without compromising our key long-term strategic bets.” Third Quarter Financial Summary Q3 2022 revenue of $89.0 million, up 4% over Q3 2021 Net income of $3.1 million, or $0.04 per share compared to net loss of $2.5 million, or $0.03 per share, in Q3 2021 Gross profit (exclusive of depreciation and amortization) of $23.8 million, an increase of 8% as compared to the three months ended September 30, 2021 and representing 27% of revenue for the three months ended September 30, 2022 Media margin of $28.1 million, an increase of 16% over Q3 2021 and representing 31.5% of revenue for the three months ended September 30, 2022 Adjusted EBITDA of $5.9 million, representing 6.6% of revenue for the three months ended September 30, 2022 Adjusted net income of $5.0 million, or $0.06 per share Media margin, adjusted EBI...