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)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,80425,54734,46721,08718,67917,769
Cash and cash equivalents15,80425,54734,46721,08718,67917,769
Receivables56,53163,16470,22862,66960,91548,652
Other undisclosed current assets6,0713,5062,5052,4351,9211,971
Total current assets:78,40692,217107,20086,19181,51568,392
Noncurrent Assets
Operating lease, right-of-use asset3,3955,2026,8058,2849,865
Property, plant and equipment5919641,4572,2012,8631,380
Intangible assets, net (including goodwill)28,07083,856200,835210,505220,377221,603
Goodwill 1,26155,111165,088165,088164,774159,791
Intangible assets, net (excluding goodwill)26,80928,74535,74745,41755,60361,812
Other noncurrent assets1,4051,7301,8851,559993414
Other undisclosed noncurrent assets   1,4801,4801,480
Total noncurrent assets:33,46191,752210,982224,029235,578224,877
TOTAL ASSETS:111,867183,969318,182310,220317,093293,269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,9546,19016,1307,69221,5747,855
Accounts payable10,9546,19016,1307,69221,5747,855
Deferred revenue4301,0146511,3731,140
Debt5,0005,0005,0007,2939,1553,601
Contract with customer, liability444
Other undisclosed current liabilities32,83038,01536,15933,85920,35821,465
Total current liabilities:49,21450,21957,94050,21752,22733,365
Noncurrent Liabilities
Long-term debt and lease obligation25,48835,59446,02140,57353,15451,972
Long-term debt, excluding current maturities25,48835,59440,32933,28344,09851,972
Liabilities, other than long-term debt2,7614,2018112,545775766
Other liabilities1,0624588112,545775766
Operating lease, liability1,6993,7435,6927,2909,056
Total noncurrent liabilities:28,24939,79546,83243,11853,92952,738
Total liabilities:77,46390,014104,77293,335106,15686,103
Equity
Equity, attributable to parent34,40493,955213,410216,885210,937207,166
Common stock434242403938
Treasury stock, value(11,407)(11,171)(10,723)(9,999)(8,184)(3,272)
Additional paid in capital427,286423,384419,059411,753406,198395,769
Accumulated deficit(381,518)(318,300)(194,968)(184,909)(187,116)(185,369)
Total equity:34,40493,955213,410216,885210,937207,166
TOTAL LIABILITIES AND EQUITY:111,867183,969318,182310,220317,093293,269

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues298,399361,134329,250310,719281,684250,280
Cost of revenue(220,109)(280,701)(244,113)(215,345)(208,375)(169,296)
Cost of goods and services sold(219,884)(267,487)(243,716)(215,135)(194,435) 
Gross profit:78,29080,43385,13795,37473,30980,984
Operating expenses(138,420)(200,024)(89,802)(86,995)(68,090)(69,612)
Operating income (loss):(60,130)(119,591)(4,665)8,3795,21911,372
Interest and debt expense(3,204)(1,965)(5,148)(5,350)(6,892)(8,134)
Income (loss) from continuing operations before equity method investments, income taxes:(63,334)(121,556)(9,813)3,029(1,673)3,238
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(63,334)(121,556)(9,813)3,029(1,673)3,238
Income tax expense (benefit)116(1,776)(246)(822)(74)(46)
Income (loss) from continuing operations:(63,218)(123,332)(10,059)2,207(1,747)3,192
Income (loss) before gain (loss) on sale of properties:(10,059)2,207(1,747)1,108
Loss from discontinued operations      (2,084)
Net income (loss):(63,218)(123,332)(10,059)2,207(1,747)1,108
Other undisclosed net loss attributable to parent      (19,040)
Net income (loss) available to common stockholders, diluted:(63,218)(123,332)(10,059)2,207(1,747)(17,932)

Comprehensive Income ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(63,218)(123,332)(10,059)2,207(1,747)1,108
Comprehensive income (loss), net of tax, attributable to parent:(63,218)(123,332)(10,059)2,207(1,747)1,108

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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