Post by icemandios on May 9, 2018 2:26:53 GMT
Fluent Announces First Quarter 2018 Financial Results
First Quarter as a Standalone Public Company Produces $56.0 Million in Revenue,
$2.2 Million in Adjusted Net Income Based on $5.6 Million in Net Loss from Continuing
Operations, Resulting in $0.03 in Adjusted Earnings Per Share
NEW YORK, May 08, 2018 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ:FLNT) a leading data-driven performance marketing company, today announced financial results for the quarter ended March 31, 2018.
“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:
Total revenue increased 14% to $56.0 million.
Net loss from continuing operations was $5.6 million (inclusive of spin-off transaction costs of $7.7 million) compared to net loss from continuing operations of $9.8 million.
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.
Adjusted net income, adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures. Reconciliation of these non-GAAP measures are provided in the attached tables.
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.
Conference Call
Fluent, Inc. will host a conference call on Tuesday, May 8, 2018 at 4:30 PM ET to discuss its 2018 first quarter financial results. To listen to the conference call on your telephone, please dial (888) 339-0797 for domestic callers or (412) 317-5248 for international callers. To access the live audio webcast, visit the Fluent website at Please login at least 15 minutes prior to the start of the call to ensure adequate time for any downloads that may be required. Following completion of the earnings call, a recorded replay of the webcast will be available for those unable to participate. To listen to the telephone replay, please dial (877) 344-7529 or (412) 317-0088 with the replay passcode 10119708. The replay will also be available for one week on the Fluent website at www.fluentco.com.
About Fluent, Inc.
Fluent (NASDAQ:FLNT) is the trusted acquisition partner for growing brands. Leveraging our proprietary first party data asset, Fluent creates marketing programs that deliver better digital advertising experiences for consumers and measurable results for advertisers. Founded in 2010, the company is headquartered in New York City. For more information, visit www.fluentco.com.
First Quarter as a Standalone Public Company Produces $56.0 Million in Revenue,
$2.2 Million in Adjusted Net Income Based on $5.6 Million in Net Loss from Continuing
Operations, Resulting in $0.03 in Adjusted Earnings Per Share
NEW YORK, May 08, 2018 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ:FLNT) a leading data-driven performance marketing company, today announced financial results for the quarter ended March 31, 2018.
“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:
Total revenue increased 14% to $56.0 million.
Net loss from continuing operations was $5.6 million (inclusive of spin-off transaction costs of $7.7 million) compared to net loss from continuing operations of $9.8 million.
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.
Adjusted net income, adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures. Reconciliation of these non-GAAP measures are provided in the attached tables.
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.
Conference Call
Fluent, Inc. will host a conference call on Tuesday, May 8, 2018 at 4:30 PM ET to discuss its 2018 first quarter financial results. To listen to the conference call on your telephone, please dial (888) 339-0797 for domestic callers or (412) 317-5248 for international callers. To access the live audio webcast, visit the Fluent website at Please login at least 15 minutes prior to the start of the call to ensure adequate time for any downloads that may be required. Following completion of the earnings call, a recorded replay of the webcast will be available for those unable to participate. To listen to the telephone replay, please dial (877) 344-7529 or (412) 317-0088 with the replay passcode 10119708. The replay will also be available for one week on the Fluent website at www.fluentco.com.
About Fluent, Inc.
Fluent (NASDAQ:FLNT) is the trusted acquisition partner for growing brands. Leveraging our proprietary first party data asset, Fluent creates marketing programs that deliver better digital advertising experiences for consumers and measurable results for advertisers. Founded in 2010, the company is headquartered in New York City. For more information, visit www.fluentco.com.