Fluent, Inc. (FLNT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,46721,08718,67917,76916,62910,08913,462
Cash and cash equivalents34,46721,08718,67917,76916,62910,08913,462
Receivables70,22862,66960,91548,65237,92830,95821,224
Other undisclosed current assets2,5052,4351,9211,9712,4242,0532,931
Total current assets:107,20086,19181,51568,39256,98143,10037,617
Noncurrent Assets
Operating lease, right-of-use asset6,8058,2849,865
Property, plant and equipment1,4572,2012,8631,3801,7781,3501,062
Intangible assets, net (including goodwill)200,835210,505220,377221,603255,963264,787249,198
Goodwill165,088165,088164,774159,791166,256166,256161,753
Intangible assets, net (excluding goodwill)35,74745,41755,60361,81289,70798,53187,445
Other noncurrent assets1,8851,5599934142,2772,6741,315
Other undisclosed noncurrent assets 1,4801,4801,480   
Total noncurrent assets:210,982224,029235,578224,877260,018268,811251,575
TOTAL ASSETS:318,182310,220317,093293,269316,999311,911289,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,1307,69221,5747,85525,13920,78012,863
Accounts payable16,1307,69221,5747,85511,58514,7258,863
Accrued liabilities    5,0313,294 
Employee-related liabilities    4,4292,5304,000
Interest and dividends payable    94231 
Settlement liabilities    4,000  
Deferred revenue6511,3731,140
Debt5,0007,2939,1553,6012,7504,1352,250
Deferred revenue and credits298318783
Contract with customer, liability444
Other liabilities    879752696
Other undisclosed current liabilities36,15933,85920,35821,4653,7131744,464
Total current liabilities:57,94050,21752,22733,36532,77926,15921,056
Noncurrent Liabilities
Long-term debt and lease obligation46,02140,57353,15451,97260,21345,87848,668
Long-term debt, excluding current maturities40,32933,28344,09851,97260,21345,87848,668
Operating lease, liability5,6927,2909,056
Liabilities, other than long-term debt8112,545775766 10,22513,573
Deferred tax liabilities, net   13,573
Other liabilities8112,545775766   
Business combination, contingent consideration, liability     10,225 
Total noncurrent liabilities:46,83243,11853,92952,73860,21356,10362,241
Total liabilities:104,77293,335106,15686,10392,99282,26283,297
Stockholders' equity
Stockholders' equity attributable to parent213,410216,885210,937207,166224,007229,649205,895
Common stock4240393831278
Treasury stock, value(10,723)(9,999)(8,184)(3,272)(1,274)(531) 
Additional paid in capital419,059411,753406,198395,769392,687344,384291,032
Accumulated deficit(194,968)(184,909)(187,116)(185,369)(167,437)(114,231)(85,145)
Total stockholders' equity:213,410216,885210,937207,166224,007229,649205,895
TOTAL LIABILITIES AND EQUITY:318,182310,220317,093293,269316,999311,911289,192

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues329,250310,719281,684250,280220,268186,83614,091
Revenue, net220,268186,83614,091
Cost of revenue(244,113)(215,345)(208,375)(169,296)(146,140)  
Cost of goods and services sold(243,716)(215,135)(194,435)    
Other undisclosed gross profit     (133,798)(10,253)
Gross profit:85,13795,37473,30980,98474,12853,0383,838
Operating expenses(89,802)(86,995)(68,090)(69,612)(116,646)(87,076)(47,397)
Other undisclosed operating loss      (841)
Operating income (loss):(4,665)8,3795,21911,372(42,518)(34,038)(44,400)
Nonoperating expense    (10,688)(9,090)(14,768)
Other nonoperating expense    (1,005)(1,497) 
Interest and debt expense(5,148)(5,350)(6,892)(8,134)(9,683)(7,593)(468)
Income (loss) from continuing operations before equity method investments, income taxes:(9,813)3,029(1,673)3,238(62,889)(50,721)(59,636)
Other undisclosed income from continuing operations before income taxes    9,6837,593468
Income (loss) from continuing operations before income taxes:(9,813)3,029(1,673)3,238(53,206)(43,128)(59,168)
Income tax expense (benefit)(246)(822)(74)(46)8,97214,04216,583
Income (loss) from continuing operations:(10,059)2,207(1,747)3,192(44,234)(29,086)(42,585)
Loss from discontinued operations   (2,084)  (42,458)
Net income (loss):(10,059)2,207(1,747)1,108(44,234)(29,086)(85,043)
Net loss attributable to noncontrolling interest      (508)
Other undisclosed net income (loss) attributable to parent   (19,040)(8,972) 1,016
Net income (loss) available to common stockholders, diluted:(10,059)2,207(1,747)(17,932)(53,206)(29,086)(84,535)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10,059)2,207(1,747)1,108(44,234)(29,086)(85,043)
Comprehensive income (loss):(10,059)2,207(1,747)1,108(44,234)(29,086)(85,043)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (508)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (8,972) 1,016
Comprehensive income (loss), net of tax, attributable to parent:(10,059)2,207(1,747)1,108(53,206)(29,086)(84,535)

Statements sources

The financial statements are based on the company's filings with the 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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