Fluent, Inc. (FLNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 VESEY STREET
NEW YORK, NY 10282
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,54734,46721,08718,67917,76916,629
Cash and cash equivalents25,54734,46721,08718,67917,76916,629
Receivables63,16470,22862,66960,91548,65237,928
Other undisclosed current assets3,5062,5052,4351,9211,9712,424
Total current assets:92,217107,20086,19181,51568,39256,981
Noncurrent Assets
Operating lease, right-of-use asset5,2026,8058,2849,865
Property, plant and equipment9641,4572,2012,8631,3801,778
Intangible assets, net (including goodwill)83,856200,835210,505220,377221,603255,963
Goodwill55,111165,088165,088164,774159,791166,256
Intangible assets, net (excluding goodwill)28,74535,74745,41755,60361,81289,707
Other noncurrent assets1,7301,8851,5599934142,277
Other undisclosed noncurrent assets   1,4801,4801,480 
Total noncurrent assets:91,752210,982224,029235,578224,877260,018
TOTAL ASSETS:183,969318,182310,220317,093293,269316,999
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,19016,1307,69221,5747,85525,139
Settlement liabilities    4,000
Interest and dividends payable    94
Employee-related liabilities    4,429
Accounts payable6,19016,1307,69221,5747,85511,585
Accrued liabilities      5,031
Deferred revenue1,0146511,3731,140
Debt5,0005,0007,2939,1553,6012,750
Deferred revenue and credits298
Contract with customer, liability444
Other liabilities      879
Other undisclosed current liabilities38,01536,15933,85920,35821,4653,713
Total current liabilities:50,21957,94050,21752,22733,36532,779
Noncurrent Liabilities
Long-term debt and lease obligation 35,59446,02140,57353,15451,97260,213
Long-term debt, excluding current maturities 35,59440,32933,28344,09851,97260,213
Liabilities, other than long-term debt4,2018112,545775766 
Other liabilities4588112,545775766 
Operating lease, liability3,7435,6927,2909,056
Total noncurrent liabilities:39,79546,83243,11853,92952,73860,213
Total liabilities:90,014104,77293,335106,15686,10392,992
Equity
Equity, attributable to parent93,955213,410216,885210,937207,166224,007
Common stock424240393831
Treasury stock, value(11,171)(10,723)(9,999)(8,184)(3,272)(1,274)
Additional paid in capital423,384419,059411,753406,198395,769392,687
Accumulated deficit(318,300)(194,968)(184,909)(187,116)(185,369)(167,437)
Total equity:93,955213,410216,885210,937207,166224,007
TOTAL LIABILITIES AND EQUITY:183,969318,182310,220317,093293,269316,999

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues361,134329,250310,719281,684250,280220,268
Revenue, net220,268
Cost of revenue(280,701)(244,113)(215,345)(208,375)(169,296)(146,140)
Cost of goods and services sold(267,487)(243,716)(215,135)(194,435)  
Gross profit:80,43385,13795,37473,30980,98474,128
Operating expenses(200,024)(89,802)(86,995)(68,090)(69,612)(116,646)
Operating income (loss):(119,591)(4,665)8,3795,21911,372(42,518)
Nonoperating expense      (10,688)
Interest and debt expense(1,965)(5,148)(5,350)(6,892)(8,134)(9,683)
Income (loss) from continuing operations before equity method investments, income taxes:(121,556)(9,813)3,029(1,673)3,238(62,889)
Other undisclosed income from continuing operations before income taxes      9,683
Income (loss) from continuing operations before income taxes:(121,556)(9,813)3,029(1,673)3,238(53,206)
Income tax expense (benefit)(1,776)(246)(822)(74)(46)8,972
Income (loss) from continuing operations:(123,332)(10,059)2,207(1,747)3,192(44,234)
Income (loss) before gain (loss) on sale of properties:(10,059)2,207(1,747)1,108(44,234)
Loss from discontinued operations     (2,084) 
Net income (loss):(123,332)(10,059)2,207(1,747)1,108(44,234)
Other undisclosed net loss attributable to parent     (19,040)(8,972)
Net income (loss) available to common stockholders, diluted:(123,332)(10,059)2,207(1,747)(17,932)(53,206)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(123,332)(10,059)2,207(1,747)1,108(44,234)
Comprehensive income (loss):(123,332)(10,059)2,207(1,747)1,108(44,234)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (8,972)
Comprehensive income (loss), net of tax, attributable to parent:(123,332)(10,059)2,207(1,747)1,108(53,206)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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