Fluent Announces First Quarter 2018 Financial Results

Fluent Inc (NASDAQ:FLNT), a leading data-driven performance marketing company announced financial results for the quarter ended March 31, 2018.

The company had a total revenue increase of 14 percent to 56 million while their net loss from continuing operations was $5.6 million as compared to net loss from continuing operations of $9.8 million.

As quoted in the press release:

“We have built an incredible company and are excited to present Fluent’s standalone results, which show positive adjusted net income and adjusted earnings per share, after removing transaction costs and discontinued operations,” stated Ryan Schulke, Fluent’s CEO.  “We look forward to this team’s continued success, driving profitability and delivering strong results for our shareholders.”

First Quarter Financial Results

For the three months ended March 31, 2018, as compared to the three months ended March 31, 2017:

• Net loss from discontinued operations was $21.1 million compared to $2.9 million.
• Adjusted net income was $2.2 million compared to a loss of $9.8 million.
• Adjusted EBITDA grew 42% to $9.6 million based on net loss of $26.7 million.
• Adjusted earnings per share was $0.03 compared to a loss of $0.18 per share.

First Quarter and Recent Business Highlights

• Successfully completed the spin-off of our risk management business, Red Violet, Inc.
• Changed corporate name to Fluent, Inc. (NASDAQ:FLNT), to better align our corporate brand with our industry leading data-driven performance marketing company.
• Our proprietary self-reported first party data asset, the Fluent Identity Graph now contains over 182 million unique email addresses that represent over 150 million individuals.
• Continued to bolster our strategic and operational talent, all intently focused on delivering increased profitability to our business, with the appointment of key industry leaders, hailing from such companies as Epsilon and Merkle.
• Revenue from advertisers in the financial & professional services category nearly doubled compared to the three months ended March 31, 2017.

Click here for the full text release.