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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,80420,51320,98326,56725,54733,106
Cash and cash equivalents15,80420,51320,98326,56725,54733,106
Receivables56,53148,51558,12056,75963,16467,550
Other undisclosed current assets6,0718,0699,9415,5883,5062,312
Total current assets:78,40677,09789,04488,91492,217102,968
Noncurrent Assets
Operating lease, right-of-use asset3,3953,8334,2784,7435,2025,653
Property, plant and equipment5916877838619641,063
Intangible assets, net (including goodwill)28,07028,97159,49161,00483,856141,494
Goodwill1,2611,26130,96633,35455,111110,780
Intangible assets, net (excluding goodwill)26,80927,71028,52527,65028,74530,714
Other noncurrent assets1,4051,5021,4861,6481,7301,840
Total noncurrent assets:33,46134,99366,03868,25691,752150,050
TOTAL ASSETS:111,867112,090155,082157,170183,969253,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,95411,84113,30312,9296,19014,918
Accounts payable10,95411,84113,30312,9296,19014,918
Deferred revenue4304928951,0051,0141,331
Debt5,00031,79910,0005,0005,0005,000
Other undisclosed current liabilities32,83028,04129,77835,53838,01529,979
Total current liabilities:49,21472,17353,97654,47250,21951,228
Noncurrent Liabilities
Long-term debt and lease obligation 25,488 27,98934,40435,59441,018
Long-term debt, excluding current maturities 25,488 27,98934,40435,59436,780
Liabilities, other than long-term debt2,7614,4274,9825,3704,201723
Other liabilities1,0622,2072,2482,128458723
Operating lease, liability1,6992,2202,7343,2423,7434,238
Total noncurrent liabilities:28,2494,42732,97139,77439,79541,741
Total liabilities:77,46376,60086,94794,24690,01492,969
Equity
Equity, attributable to parent34,40435,49068,13562,92493,955160,049
Common stock434343434242
Treasury stock, value(11,407)(11,407)(11,407)(11,407)(11,171)(11,171)
Additional paid in capital427,286426,473425,491424,531423,384421,990
Accumulated deficit(381,518)(379,619)(345,992)(350,243)(318,300)(250,812)
Total equity:34,40435,49068,13562,92493,955160,049
TOTAL LIABILITIES AND EQUITY:111,867112,090155,082157,170183,969253,018

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues72,76166,23982,14577,25484,66489,046
Cost of revenue(51,796)(50,247)(59,640)(60,684)(77,731)(65,376)
Cost of goods and services sold(51,924)(50,148)(59,540)(58,272)(64,628)(65,270)
Gross profit:20,96515,99222,50516,5706,93323,670
Operating expenses(22,747)(49,926)(15,766)(47,723)(74,130)(23,043)
Operating income (loss):(1,782)(33,934)6,739(31,153)(67,197)627
Interest and debt expense (784)(936)(795)(689)(634)(517)
Income (loss) from continuing operations before equity method investments, income taxes:(2,566)(34,870)5,944(31,842)(67,831)110
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(2,566)(34,870)5,944(31,842)(67,831)110
Income tax expense (benefit)6671,243(1,693)(101)3433,003
Income (loss) from continuing operations:(1,899)(33,627)4,251(31,943)(67,488)3,113
Income before gain (loss) on sale of properties:3,113
Net income (loss) available to common stockholders, diluted:(1,899)(33,627)4,251(31,943)(67,488)3,113

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(1,899)(33,627)4,251(31,943)(67,488)3,113
Comprehensive income (loss), net of tax, attributable to parent:(1,899)(33,627)4,251(31,943)(67,488)3,113

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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