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Fluent(FLNT) - 2025 Q3 - Quarterly Results
2025-11-13 21:30
Revenue Performance - Q3 2025 revenue was $47.0 million, a decrease of 27% compared to $64.5 million in Q3 2024[8] - Owned and Operated revenue decreased 52% to $20.7 million compared to $43.5 million in Q3 2024, as the company shifted focus to Commerce Media Solutions[8] - Revenue for the three months ended September 30, 2025, was $47,029 thousand, a decrease of 27% compared to $64,516 thousand for the same period in 2024[19] Profitability and Loss - The net loss for Q3 2025 was $7.6 million, or $0.27 per share, compared to a net loss of $7.9 million, or $0.48 per share, for Q3 2024[8] - Adjusted net loss for Q3 2025 was $6,544,000, compared to $3,686,000 in Q3 2024, with a nine-month adjusted net loss of $19,049,000 versus $15,226,000 in the prior year[33] - Net loss for the nine months ended September 30, 2025, was $23,048 thousand, compared to a net loss of $25,847 thousand for the same period in 2024, representing a 10.8% improvement[21] Adjusted EBITDA - Adjusted EBITDA loss was $3.4 million, representing 7% of revenue, an improvement compared to the previous year[8] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(9,224) thousand, worsening from $(3,910) thousand in 2024[31] - The company expects adjusted EBITDA profitability in Q4 2025 and full-year double-digit revenue growth in 2026[5] Gross Profit and Margins - Commerce Media Solutions reported gross profit of $4.1 million, an increase of 27% over Q3 2024, representing 22% of revenue for Q3 2025[8] - Media margin for the three months ended September 30, 2025, was $12,797 thousand, accounting for 27% of revenue, compared to 28% in the same period of 2024[26] - Gross profit (exclusive of depreciation and amortization) for the nine months ended September 30, 2025, was $32,589 thousand, down 30% from $46,898 thousand in 2024[26] Cost Management - Total costs and expenses for the three months ended September 30, 2025, were $53,332 thousand, down from $68,404 thousand in 2024[19] - Cash used in operating activities for the nine months ended September 30, 2025, was $(4,257) thousand, an improvement from $(11,963) thousand in 2024[21] Shareholder Metrics - The weighted average number of shares outstanding for the three months ended September 30, 2025, was 28,097,016, compared to 16,452,273 in 2024[19] - The company reported a basic and diluted loss per share of $(0.94) for the nine months ended September 30, 2025, compared to $(1.75) in 2024[19] Strategic Initiatives - The company entered new partnerships with Authentic Brands and Databricks, enhancing data intelligence capabilities[4] - The company aims to leverage AI capabilities and proprietary first-party data to improve monetization and return Commerce Media Solutions gross margin to the high twenties[11] Key Metrics and Definitions - Adjusted EBITDA is a primary metric for evaluating operating performance, with adjustments made for non-recurring and unusual items to provide a clearer view of business operations[35] - Annual Revenue Run Rate is calculated based on active media partner contracts, reflecting the company's current monetization levels and operational performance[38] - The company emphasizes media margin as a key metric for evaluating operational performance, indicating its importance in assessing the efficiency of digital marketing services[34]
Fluent Non-GAAP EPS of -$0.23 misses by $0.11, revenue of $47M misses by $5.92M (NASDAQ:FLNT)
Seeking Alpha· 2025-11-13 21:08
Group 1 - The article does not provide any specific content related to a company or industry [1]
Fluent Announces Third Quarter 2025 Financial Results; Commerce Media Solutions Annual Revenue Run Rate Exceeds $85 Million and Represents 40% of Consolidated Revenue
Globenewswire· 2025-11-13 21:05
Core Insights - Fluent, Inc. reported strong growth in its Commerce Media Solutions business, which accounted for 40% of total revenue in Q3 2025, up from 16% in Q3 2024 [2][5] - The annual revenue run rate for Commerce Media Solutions now exceeds $85 million, with a gross margin of 22%, reflecting a sequential improvement of approximately 400 basis points compared to Q2 2025 [2][5] - The company expects to achieve adjusted EBITDA profitability in Q4 2025 and full-year double-digit revenue growth and adjusted EBITDA profitability in 2026 [4][10] Financial Performance - Q3 2025 revenue was $47.0 million, a decrease of 27% compared to $64.5 million in Q3 2024 [6][20] - Commerce Media Solutions revenue grew 81% to $18.8 million, compared to $10.4 million in Q3 2024 [5][6] - The net loss for Q3 2025 was $7.6 million, or $0.27 per share, compared to a net loss of $7.9 million, or $0.48 per share, for Q3 2024 [6][7] Year-to-Date Performance - Year-to-date revenue for 2025 was $146.9 million, a decrease of 22% compared to $189.2 million in YTD 2024 [8] - Owned and Operated revenue decreased 44% to $73.2 million compared to $130.2 million in YTD 2024 [8] - Commerce Media Solutions revenue increased 98% to $47.5 million compared to $24.0 million in YTD 2024 [8] Business Outlook - The company aims to accelerate the growth of its Commerce Media Solutions business and establish it as a leader in the performance marketing sector [9] - Fluent plans to leverage its 14-year leadership position in customer acquisition and its robust database of first-party user data to differentiate itself in the commerce media space [9] - The company expects to return Commerce Media Solutions gross margin to the high twenties by leveraging AI capabilities and proprietary first-party data [9]
FLINT Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 22:00
Core Insights - FLINT Corp. reported a significant decline in revenue for the third quarter of 2025, with revenue of $148.8 million, down 29.7% from the same period in 2024, attributed to market softness and timing of construction work [4][9][10] - The company completed a transformational recapitalization transaction in Q3 2025, which is expected to enhance its strategic initiatives and long-term success by reducing debt obligations and optimizing capital structure [3][17] - Despite the revenue decline, FLINT achieved a gross profit margin of 11.8% and an adjusted EBITDA margin of 6.2%, indicating effective cost control measures [4][7][10] Financial Performance - Revenue for the three months ended September 30, 2025, was $148,793, compared to $211,594 in 2024, reflecting a decrease of 29.7%. For the nine months, revenue was $434,976, down 16.9% from $523,379 in 2024 [6][9] - Gross profit for Q3 2025 was $17,487, a decrease of 26.4% from $23,757 in Q3 2024, while gross profit margin improved to 11.8% from 11.2% in the same period last year [10][11] - Adjusted EBITDAS for Q3 2025 was $9,243, down 31.2% from $13,433 in Q3 2024, with an adjusted EBITDAS margin of 6.2% [8][12] Cost Management - Selling, general and administrative (SG&A) expenses for Q3 2025 were $7,817, down 28.5% from $10,934 in Q3 2024, reflecting reduced personnel and professional fees [11][12] - SG&A expenses as a percentage of revenue were 5.3% for Q3 2025, slightly up from 5.2% in the same period last year, indicating consistent cost management [11] Liquidity and Capital Resources - As of September 30, 2025, FLINT had liquidity of $109.5 million, a significant increase of 125% from $48.6 million in the same period of 2024 [7][14] - The company has an asset-based revolving credit facility with a maximum borrowing capacity of $50 million, maturing on April 14, 2030 [14] Corporate Updates - The recapitalization transaction completed on September 23, 2025, involved a 1-for-40 share consolidation and settlement of senior secured notes, significantly reducing debt and annual interest expenses [17] - The company anticipates that its liquidity and cash flows will be sufficient to meet short-term obligations through September 30, 2026 [15]
Fluent, Inc. to Announce Third Quarter 2025 Financial Results and Host Earnings Conference Call on November 13, 2025
Globenewswire· 2025-11-04 14:15
Core Insights - Fluent, Inc. will report its financial results for Q3 2025 on November 13, 2025, after U.S. market close [1] - A conference call to discuss the results will take place at 4:30 pm ET on the same day [1] Company Overview - Fluent, Inc. is a commerce media solutions provider that connects brands with engaged consumers [3] - The company utilizes diverse ad inventory, first-party data, and proprietary machine learning to create additional revenue streams for partners [3] - Founded in 2010, Fluent specializes in performance marketing to enhance monetization and customer engagement [3]
FLINT announces approximately $320 million in New Contract Awards and Renewals
Globenewswire· 2025-10-28 12:30
Core Insights - FLINT Corp. has secured new contract awards and renewals estimated to generate approximately $320 million in backlog, with about 13% of the work to be executed in 2025 and the remainder scheduled for 2026-2030 [1][2][7] Group 1: Contract Awards and Renewals - The company announced strong contract bookings across its core service lines, including construction, maintenance, turnarounds, and environmental services, reflecting customer confidence in FLINT's operational excellence [2][3] - The total value of the new contracts and renewals is approximately $320 million, indicating a robust demand for FLINT's services [1][2] Group 2: Company Strategy and Focus - FLINT emphasizes collaboration with customers, local communities, and Indigenous partners as a key driver of its success and expansion of work scope [3] - The company is dedicated to delivering safe, reliable, and high-quality solutions that support clients' long-term needs, showcasing a commitment to continuous improvement [2][3] Group 3: Company Background - FLINT Corp. has over 100 years of experience providing solutions for the Energy and Industrial markets, including sectors such as Oil & Gas, Petrochemical, Mining, and Infrastructure [4] - The company operates strategically across Canada, offering a range of services that help clients bring their resources to market [4]
Rebuy Monetize Powered by Fluent Accelerates Merchant Growth as Partnership Scales Across Shopify
Globenewswire· 2025-10-16 12:30
Core Insights - Fluent, Inc. and Rebuy Engine are showcasing their successful partnership, Rebuy Monetize powered by Fluent, at the Rebuy Momentum Innovation Summit in NYC on October 21, 2025 [1][5] - The partnership has achieved over 700% growth in active merchant adoption since its launch in May 2025, with significant increases in ad unit sessions [2][4] Company Performance - Rebuy Monetize powered by Fluent has generated over one million ad unit sessions in September 2025, reflecting a 79% month-over-month increase [2] - Shopify merchants utilizing this program are earning over $0.35 in pure incremental profit per order without additional effort [3] Strategic Focus - The partnership aims to enhance consumer engagement and monetization beyond the point of purchase, particularly leveraging the 'Thank You' page for additional revenue streams [4] - Rebuy's ecosystem is designed to provide personalized shopping experiences that increase conversions and customer retention for Shopify stores [6] Event Details - The Rebuy Momentum Innovation Summit will feature discussions on transforming post-purchase experiences through personalization and commerce media innovation, bringing together ecommerce experts and brands [5]
FLINT Announces Completion of Recapitalization
Globenewswire· 2025-09-23 23:17
Core Viewpoint - FLINT Corp. has successfully completed a recapitalization transaction aimed at optimizing its capital structure and significantly reducing its debt profile and annual interest costs [3][4]. Group 1: Recapitalization Details - The recapitalization involved a consolidation of common shares at a ratio of one post-consolidation share for every 40 pre-consolidation shares [2]. - Senior secured notes totaling approximately $135.3 million were exchanged for about 99 million newly issued common shares, while preferred shares were exchanged for approximately 8.25 million newly issued common shares [2]. - The recapitalization was approved by holders of common shares, preferred shares, and senior secured notes during meetings held on September 23, 2025, followed by final approval from the Alberta Court of King's Bench [3]. Group 2: Shareholder and Control Changes - Canso Investment Counsel Ltd., the largest shareholder and primary lender, controlled approximately 97% of the senior secured notes and 99% of the outstanding preferred shares prior to the recapitalization [4]. - Post-recapitalization, Canso is expected to control approximately 107.7 million common shares, representing about 97.8% of the outstanding common shares [4]. Group 3: Financial Facilities and Future Outlook - Concurrent with the recapitalization, FLINT extended the maturity dates of its Asset-Based Revolving Credit Facility to April 14, 2030, and its Term Loan Facility to October 14, 2030 [5]. - The CEO of FLINT stated that the successful completion of the recapitalization positions the company to pursue strategic growth opportunities and deliver long-term value to shareholders [6].
Trump's New H-1B Visa Regulation Sends Shockwaves Through Big Tech (NYSEARCA:SPY)
Seeking Alpha· 2025-09-21 07:17
Group 1 - Tech companies are facing significant expense decisions that could impact their financial performance [1] - These companies currently dominate the majority of market indexes, indicating their substantial influence on market trends [1] Group 2 - The article does not provide specific financial data or performance metrics related to the tech companies mentioned [2][3][4]
Fluent Named to Crain’s New York Business 2025 Best Places to Work List
Globenewswire· 2025-09-17 12:30
Core Insights - Fluent, Inc. has been recognized on Crain's New York Business 2025 Best Places to Work list, reflecting its commitment to a thriving workplace culture [1][2] - The recognition is based on employee engagement, workplace culture, benefits, and professional development, assessed through confidential surveys and questionnaires [2][5] Company Culture - The CEO of Fluent emphasized that the company's growth and success are driven by its people, highlighting efforts to create a supportive and empowering environment [3] - Fluent promotes hybrid work flexibility and invests in employee well-being through mental health resources, mentorship programs, and flexible schedules [3][4] Industry Recognition - The Crain's New York Business Best Places to Work program is conducted in partnership with Best Companies Group, showcasing organizations that prioritize employee welfare as key to long-term success [5] - The recognition serves as a benchmark for workplace excellence across New York [5] Company Overview - Fluent, Inc. is a commerce media solutions provider that connects brands with engaged consumers, utilizing first-party data and proprietary machine learning to enhance revenue streams for partners [6] - Founded in 2010, Fluent specializes in performance marketing to drive monetization and engagement throughout the customer journey [6]