Fluent, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:22 pm EST
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Fluent, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 66.24 million compared to USD 89.05 million a year ago. Net loss was USD 33.63 million compared to net income of USD 3.11 million a year ago. Basic loss per share from continuing operations was USD 2.46 compared to basic earnings per share from continuing operations of USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 2.46 compared to diluted earnings per share from continuing operations of USD 0.24 a year ago.
For the nine months, sales was USD 225.64 million compared to USD 276.47 million a year ago. Net loss was USD 61.32 million compared to USD 55.84 million a year ago. Basic loss per share from continuing operations was USD 4.44 compared to USD 4.14 a year ago. Diluted loss per share from continuing operations was USD 4.44 compared to USD 4.14 a year ago.
Fluent, Inc. is engaged in performance marketing, delivering customer acquisition solutions through its digital media portfolio, global commerce partnerships, and proprietary data and tech. The Company offers brands to consumers through outcome-based programs across untapped channels, including its post-transaction ad solution and reward discovery platform. The Company delivers data and performance-based customer acquisition services for over 500 consumer brands, direct marketers, and agencies across a range of industries, including media & entertainment, financial products & services, health & life sciences, retail & consumer, and staffing & recruitment. It operates a call center performance marketplace that provides live-call-based performance campaigns to help clients increase engagement. Through AdParlor, LLC (AdParlor), it conducts its non-core business which offers clients various social media strategies through the planning and buying of media on different platforms.