|Bid||1.6800 x 1100|
|Ask||1.9900 x 1300|
|Day's Range||1.6500 - 1.7490|
|52 Week Range||1.0500 - 2.9700|
|Beta (5Y Monthly)||2.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 14, 2022 - Mar 18, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.75|
Ladies and gentlemen, thank you for standing by, and welcome to the Fluent Inc. 2022 earnings call. Thank you for joining us to discuss our second quarter 2022 earnings results. Joining me on today's call are Fluent's CEO, Don Patrick, our CFO, Sugandha Khandelwal, and Ryan Schulke, our co-founder and chief strategy officer.
Fluent (FLNT) delivered earnings and revenue surprises of 0% and 12.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Q2 2022 revenue of $98.4 million, up 34% over Q2 2021Gross profit (exclusive of depreciation and amortization) of $28.3 million, an increase of 69% over Q2 2021 and representing 29% of revenue for the three months ended June 30, 2022Net loss of $56.9 million, or $0.70 per share, primarily due to non-cash impairment charge of $55.4 million to goodwillMedia margin of $32.3 million, up 60% over Q2 2021 and representing 32.8% of revenue for the three months ended June 30, 2022Adjusted EBITDA of $9.4