Fluent, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:16 pm EDT
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Fluent, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 82.15 million compared to USD 98.36 million a year ago. Net income was USD 1.17 million compared to net loss of USD 56.94 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 4.2 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to diluted loss per share from continuing operations of USD 4.2 a year ago.
For the six months, sales was USD 159.4 million compared to USD 187.42 million a year ago. Net loss was USD 30.77 million compared to USD 58.96 million a year ago. Basic loss per share from continuing operations was USD 2.22 compared to USD 4.38 a year ago. Diluted loss per share from continuing operations was USD 2.22 compared to USD 4.38 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.