Fluent(US:FLNT)2019-03-18 20:58Financial Performance - For the years ended December 31, 2018 and 2017, revenue increased to $250.3 million from $211.7 million, representing a growth of approximately 18.3%[19] - Net income from continuing operations improved to $3.2 million in 2018 compared to a net loss of $31.7 million in 2017[19] - Adjusted EBITDA rose to $44.1 million in 2018, up from $32.5 million in 2017, reflecting a growth of approximately 35.7%[19] Digital Media Trends - Digital media spending in the U.S. is projected to exceed $129 billion in 2019, accounting for about 54% of total media spend[20] - Spending on digital data in the U.S. increased by approximately 37% in 2018, surpassing $19 billion for the first time[21] Company Offerings and Innovations - The company offers performance marketing solutions aligned with client objectives, enhancing measurability and scalability[25] - In 2018, the company began offering data sets for audience segments in programmatic environments, indicating potential for new revenue streams[31] - The company has developed a proprietary technology platform designed for performance marketing, utilizing machine-learning capabilities[35] Workforce and Revenue Sources - As of December 31, 2018, the company had 174 employees, with 170 being full-time[48] - There was no individual advertiser or third-party publisher that accounted for more than 10% of the company's consolidated revenue in 2018[40][42]