On 8 March 2022, Fluent Inc (FLNT) released the fiscal performance for Q4 and FY2021. The stock of Fluent Inc (FLNT) closed the regular trading session at $1.48, 1.99% less than the previous trading session. During the last check, the stock of FLNT gained 18.24% to $1.75 in the after-market. The company also filed form 8-K with the SEC on 8 March 2022.
Fluent Inc participates in the arrangement of advanced marketing administrations. The company’s essential action incorporates securing administrations by computerized advertising efforts. With a market capitalization of $114.85 million and 78.95 million, FLNT headquarter is in New York, United States of America (USA).
FLNT Financials of Q4
Fluent Inc (FLNT) published the fiscal performance of Q4, which concluded on 31 December 2021. The company reported the total sales of $99.8 million in Q4 of FY21 versus $81.9 million in the same year-ago period. The total sales expanded by 21.7%.
Further, FLNT had a total income of $3.8 million in Q4 of FY21 compared to $0.17 million in the corresponding period of last year. The total income grew massively in the last quarter of FY2021.
Moreover, the company had an EPS of $0.05 in Q4 of FY2021 versus $0 in Q4 of FY2020. The EPS grew by 5% in Q4 of FY2021.
Also, the adjusted EBITDA for FLNT in Q4 of FY2021 was reduced by 8.2% to $10.2 million against $11.1 million in Q4 of FY2020.
Financials of FY2021
Fluent Inc (FLNT) also published the fiscal performance for FY2021. The company had total sales of $329.2 million in FY2021 compared to $310.7 million in FY2020. The sales in FY2021 increased by 5.9%.
Fluent Inc (FLNT) incurred a total loss of $10.05 million in FY2021 against the total income of $2.2 million in FY2020.
Further, FLNT had a loss of $0.13 per stock in FY2021 compared to the EPS of $0.03 in FY2020.
CEO Remarks
The CEO of FLNT, Donald Patrick, said that their outcomes for the Q4 and FY2021 mirror the progress they are making towards the essential change of their business. He further added that they are upgrading Fluent’s image value with their client accomplices. They are also structuring an incentive for their partners.
