The chart below shows how FLNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLNT sees a +1.69% change in stock price 10 days leading up to the earnings, and a -7.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Q2 2024: Revenue of $64.5 million representing a 9.9% increase versus Q2 2024.
Media Margin Increase: Our media margin of $18.2 million was an increase of 15.9% versus Q2 2024.
Commerce Media Expansion: Our Commerce Media Solutions continue to accelerate, adding 15 new partners in Q3 and growing revenue aggressively by tripled digits year-over-year.
Cash and Cash Equivalents: We ended the quarter with $7.8 million in cash and cash equivalents, including restricted cash.
EBITDA Improvement Q3 2024: Our adjusted EBITDA in the third quarter of 2024 was negative $71,000 compared with negative $1.7 million in Q3 2023, representing an increase of approximately 94%.
Negative
Revenue Decline in Q3: Revenue of $64.5 million in Q3 2024 represents a decrease of 2.6% from prior year.
Declining Adjusted EBITDA Trend: Adjusted EBITDA in Q3 2024 was negative $0.1 million, a decline compared to negative $1.7 million in Q3 2023, indicating a worsening trend.
Operating Expenses Decline: Operating expenses totaled $17.2 million in Q3 2024, a decrease of $488,000 compared to Q3 2023, but still reflecting high costs.
Net Loss Comparison: Net loss of $7.9 million in Q3 2024 compared to a net loss of $33.6 million in the prior year, indicating ongoing financial challenges.
Declining Media Margins: Media margins in Q3 2024 were $18.2 million, which is lower than $19.3 million in the same quarter last year, reflecting declining profitability.
Fluent, Inc. (FLNT) Q3 2024 Earnings Call Transcript
FLNT.O
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