Core Insights - Fluent, Inc. has announced the formation of its inaugural Board of Advisors to enhance its commerce media solutions and drive growth and innovation [1][10] - The Board will collaborate with Fluent's executive team to inform strategic decisions, improve brand partnerships, and identify new revenue opportunities in the commerce media sector [2][10] Board Composition - The Board of Advisors includes industry veterans with extensive experience in scaling businesses and digital transformation [3] - Notable members include: - Drew Cashmore, former architect of Walmart Connect, who scaled the business beyond $2 billion [4] - Charlie Cole, a two-time turnaround CEO with expertise in digital transformation and ecommerce [5] - Shawna Hausman, who led a 300% increase in revenue at FSA Store, contributing to its acquisition [6] - Jennifer Olsen, who increased market cap by 40% at Caleres and achieved a 100% revenue increase at UNTUCKit [7] - Brian Wong, a founding partner at Ascii Ventures and co-founder of Kiip, known for his innovative marketing strategies [9] Strategic Goals - The formation of the Board is part of Fluent's strategy to leverage industry expertise for market expansion and innovation in commerce media solutions [10] - Fluent has reported triple-digit year-over-year revenue growth in its unaudited Q4 results, indicating strong momentum in the commerce media space [10][12]

Financial Performance - Revenue decreased 16% to $55.2 million, compared to $66.0 million in the same period last year[156]. - Net loss was $8.3 million, or $0.39 per share, compared to a net loss of $6.3 million, or $0.45 per share[156]. - Gross profit decreased 39% to $11.4 million, representing 21% of revenue, down from $18.6 million, or 28% of revenue[156]. - Adjusted EBITDA was negative $3.1 million, compared to positive $0.7 million in the prior year[156]. - Adjusted net loss for the three months ended March 31, 2025, was $(6.7) million, compared to $(4.2) million in the same period of 2024, with adjusted net loss per share of $(0.31) for both basic and diluted[175]. - The net loss for Q1 2025 was $8.3 million, a 32% increase from the $6.3 million loss in Q1 2024[204][205]. Revenue Breakdown - Owned and operated marketplaces revenue decreased from $44.7 million in Q1 2024 to $31.1 million in Q1 2025, primarily due to reduced media supply[181]. - Commerce Media Solutions revenue increased from $6.4 million in Q1 2024 to $12.7 million in Q1 2025, driven by new long-term contracts with media partners[181]. - Revenue for the three months ended March 31, 2025, was $55.2 million, a decrease of 16% compared to $65.983 million in the same period of 2024[180]. Cost and Expenses - Media margin decreased 38% to $13.7 million, representing 24.9% of revenue, compared to $22.1 million, or 33.6% of revenue[156]. - Cost of revenue (exclusive of depreciation and amortization) for the three months ended March 31, 2025, was $43.8 million, an 8% decrease from $47.3 million in 2024[182]. - Total cost of revenue (exclusive of depreciation and amortization) as a percentage of revenue increased to 79% in Q1 2025 from 72% in Q1 2024[184]. - Sales and marketing expenses for the three months ended March 31, 2025, were $4.1 million, a decrease of 15% from $4.8 million in the same period of 2024[187]. - Product development expenses for the three months ended March 31, 2025, were $4.8 million, an increase of 30% from $3.4 million in 2024[189]. - General and administrative expenses fell by 17% from $10.4 million in Q1 2024 to $8.6 million in Q1 2025, driven by lower salaries and reduced acquisition-related costs[191][192]. Operational Challenges - The company has faced challenges in acquiring and maintaining traffic volume due to the FTC Consent Order, impacting revenue and gross profit[159]. - Current economic conditions, including inflation and rising interest rates, have led to cautious spending from clients and their customers[167]. - Workforce reductions included the termination of 24 employees in Q1 2025, part of a strategy to align resources with strategic initiatives[193]. Cash Flow and Financing - Net cash provided by operating activities increased to $2.1 million in Q1 2025 from a cash used of $0.1 million in Q1 2024, despite a net loss increase to $8.3 million[206]. - Cash used in financing activities rose to $5.2 million in Q1 2025 from $2.2 million in Q1 2024, mainly due to net repayments on the SLR debt revolver[208]. - As of March 31, 2025, the company had cash, cash equivalents, and restricted cash of $6.1 million, down from $10.7 million at the end of 2024[209]. Debt and Compliance - The company faces substantial doubt about its ability to continue as a going concern, indicating potential risks in meeting financial covenants in the next twelve months[210][211]. - As of March 31, 2025, the company was in compliance with the financial covenants under the SLR Credit Agreement[222]. - The company entered into the Fourth Amendment to the SLR Credit Agreement, requiring the raising of at least $5.0 million of additional capital by March 20, 2025[221]. - The current interest rate on borrowings under the SLR Credit Agreement is 10.33%, which is subject to a 1.50% floor plus an Applicable Margin of 5.75%[220]. - The Applicable Margin will be reduced to 5.0% when the fixed charge coverage ratio exceeds 1.10 to 1[220]. Capital Raising - The company raised gross proceeds of $5.1 million from the issuance of pre-funded warrants to purchase up to 2,332,104 shares at a price of $2.174 per warrant on March 20, 2025[223]. - The company raised $5.1 million in gross proceeds before deducting offering expenses of $0.1 million[221].

Fluent, Inc. (NASDAQ:FLNT) Q1 2025 Earnings Conference Call May 15, 2025 4:30 PM ET Company Participants Don Patrick - CEO Ryan Perfit - CFO Conference Call Participants Maria Ripps - Canaccord Patrick Sholl - Barrington Research Bill Dezellem - Tieton Capital Management Operator Good afternoon, and welcome. Thank you for joining us to discuss Fluent's First Quarter 2025 Earnings Results. With me today are Fluent's Chief Executive Officer, Don Patrick; and Chief Financial Officer, Ryan Perfit. Our call toda ...

Fluent (FLNT) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this data and analytics company would post a loss of $0.30 per share when it actually produced a loss of $0.18, delivering a surprise of 40%.Over the last four quarters, the company has s ...

Fluent (FLNT) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Don Patrick - Chief Executive OfficerRyan Perfit - CFOPatrick Sholl - Vice PresidentBill Dezellem - Founder, President & Chief Investment Officer Conference Call Participants Maria Ripps - Managing Director, Senior Research Analyst Operator Good afternoon, and welcome. Thank you for joining us to discuss Fluent's First Quarter twenty twenty five Earnings Results. With me today are Fluent's Chief Executive Officer, Don Patrick ...

Fluent (FLNT) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome. Thank you for joining us to discuss Fluent's First Quarter twenty twenty five Earnings Results. With me today are Fluent's Chief Executive Officer, Don Patrick and Chief Financial Officer, Ryan Perfitt. Our call today will begin with comments from Don and Ryan Perfitt, followed by a question and answer session. I would like to remind you that this call is being webcast live and recorded. A replay of the event ...

Exhibit 99.1 Fluent Announces First Quarter 2025 Financial Results; Strategic Pivot Accelerates with Growth of Commerce Media Solutions New York, NY – May 15, 2025 – Fluent, Inc. (NASDAQ: FLNT), a commerce media solutions provider, today reported unaudited financial results for the first quarter ended March 31, 2025. Don Patrick, Fluent's Chief Executive Officer, commented, "Our first quarter results showed the fifth consecutive quarter of strong year-over-year growth in our Commerce Media Solutions busines ...

Revenue of $55.2 million for Q1 2025Q1 2025 Commerce Media Solutions revenue grew 99% to $12.7 million representing 23% of consolidated revenue from $6.4 million or 10% of consolidated revenue in Q1 2024 with gross profit margin (exclusive of depreciation and amortization) of 22% in Q1 2025 compared to 21% for the consolidated businessCommerce Media Solutions annual revenue run rate now exceeds $65 million, reflecting an 8% quarter-over-quarter increase and strong momentum in executing the Company's strateg ...

NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT) announced today that it will report its financial results for the First Quarter 2025 after the close of the U.S. financial markets on May 15, 2025. Fluent will host a conference call at 4:30 pm ET on the same day to discuss the results. The conference call can be accessed by phone after registering online at Fluent Conference Call or via audio at Audio Registration. The call and accompanying slide presentation will also be webcast simult ...

Reports Adjusted EBITDAS of $5.1 million, representing a 61% improvement from prior year CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- FLINT Corp. (“FLINT” or the "Company") (TSX: FLNT) today announced its results for the three months ended March 31, 2025. All amounts are in Canadian dollars and expressed in millions of dollars unless otherwise noted. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the Advisory regarding Non-GAAP Financial Measures at the end of t ...