Stock News in Focus: Fluent, Inc. (NASDAQ: FLNT)

On Wednesday, Fluent, Inc. stock identified change of 71.57% away from 52-week low price and recently located move of -74.36% off 52-week high price. It has market worth of $113.47M. FLNT stock has been recorded 6.40% away from 50 day moving average and -27.68% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.53% off 20-day moving average.

Ryan Schulke, Fluent’s Chief Executive Officer, commented, “Our fourth quarter results confirmed the success of our response to factors affecting our business and the further strengthening of our core business in the latter part of the quarter. The uptick in our business demonstrated the resilience of our business model and our team and validates the market’s demand for our performance marketing services. During the quarter, we successfully fulfilled increased demand from key clients and further improved our client base, serving some of the highest quality leading global brands and innovative disruptors over Fluent’s history to date.”

Fourth Quarter Highlights

Revenue increased 13% to $80.0M, from $70.8M in Q4 2018

Net income from continuing operations of $1.0M, or $0.01 per share, contrast to net income from continuing operations of $1.6M, or $0.02 per share

Media margin of $26.3M, a raise of 5% over previous period and representing 32.9% of revenue

Adjusted EBITDA of $11.5M, representing 14% of revenue

Adjusted net income of $6.1M, or $0.08 per share

Full-Year 2019 Highlights

Revenue increased 13% to $281.7M, from $250.3M in 2018

Net loss from continuing operations of $1.7M, or $0.02 per share, contrast to net income from continuing operations of $3.2M, or $0.04 per share

Net loss from discontinued operations of $0.0M, contrast to $21.1M

Media margin of $93.6M, a raise of 2% over previous period and representing 33.2% of revenue

Adjusted EBITDA of $34.7M, representing 12% of revenue

Adjusted net income $13.8M, or $0.17 per share

The Communication Services sector company, Fluent, Inc. noticed change of -12.06% to $1.75 along volume of 443213 shares in recent session compared to an average volume of 337.05K. FLNT’s shares are at -33.96% for the quarter and driving a -70.44% return over the course of the past year and is now at -30.00% since this point in 2018.

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