FLUENT Announces Q2 FY2023 Earnings Results for June 30th 2023
August 23, 2023
🌥️Earnings Overview
FLUENT ($NASDAQ:FLNT) announced its earnings results for the three months ended June 30 2023 on August 14 2023. The company’s total revenue was USD 82.1 million, down 16.5% from the same period the year prior. Nevertheless, net income was up 102.1% year-over-year, reaching USD 1.2 million.
Price History
On Monday, FLUENT announced their financial results for the second quarter of the 2023 fiscal year ending June 30th 2023. The stock opened at $0.6 and closed at a similar price, up by 2.5% from the last closing price of 0.6. This is an impressive accomplishment, considering the market volatility during this period. This is an impressive turnaround for the company, considering that they have faced some significant challenges in recent months.
Overall, FLUENT’s Q2 FY2023 earnings results have been encouraging, showing that the company is on track with their strategic objectives. The stock price closing at a similar price as its opening shows that investors are still confident in the company’s future prospects. This is a positive sign for FLUENT and its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fluent. More…
| Total Revenues | Net Income | Net Margin |
| 333.11 | -95.14 | -4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fluent. More…
| Operations | Investing | Financing |
| 5.96 | -5.9 | -5.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fluent. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 151.06 | 86 | 0.8 |
Key Ratios Snapshot
Some of the financial key ratios for Fluent are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.1% | – | -28.5% |
| FCF Margin | ROE | ROA |
| 0.4% | -92.8% | -39.3% |
Analysis
At GoodWhale, we conducted an analysis of FLUENT‘s wellbeing. According to our Star Chart, FLUENT is classified as an ‘elephant’ – a type of company that is rich in assets after deducting off liabilities. As such, we believe that investors who are interested in capital appreciation and long-term investments will be drawn to this kind of company. From our analysis, FLUENT is strong in asset, medium in growth, profitability and weak in dividend. We also conclude that FLUENT has an intermediate health score of 6/10 considering its cashflows and debt, making it likely to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It has distinguished itself from its competitors, such as Beaconsmind AG, Harte-Hanks Inc, and Jaywing PLC, by offering unique capabilities and services that help companies better understand their customers. With its comprehensive suite of products and services, Fluent Inc has become a go-to provider for businesses looking to gain insights into their customer base.
– Beaconsmind AG ($BER:81D)
Beaconsmind AG is a technology firm that specializes in AI-driven analytics, machine learning, and digital transformation solutions. The company has a market cap of 22.86M as of 2023, reflecting a significant increase from 2020 when the company had a market cap of 6.99M. Furthermore, Beaconsmind AG has an impressive Return on Equity (ROE) of 721.3%, which is far above the recommended ROE for the technology sector. This indicates that the company is extremely efficient at generating profits from its investments and is able to deliver superior returns to its shareholders.
– Harte-Hanks Inc ($NASDAQ:HHS)
Harte-Hanks Inc is a digital marketing services and direct marketing company that provides marketing, analytics, and customer contact services worldwide. As of 2023, the company has a market capitalization of 69.52M and a return on equity of -36.74%. The market capitalization of Harte-Hanks reflects the total value of all its outstanding shares, which is affected by both the company’s performance and investors’ sentiment towards it. The negative return on equity suggests that the company is not generating enough profits from its investments to cover its cost of equity. This could be due to the current challenging market conditions or the company’s inability to make investments that generate returns.
– Jaywing PLC ($LSE:JWNG)
Jaywing PLC is a digital marketing company based out of the UK. The company specializes in providing cross-channel marketing, data analytics, and digital experience solutions. As of 2023, Jaywing PLC has a market capitalization of 4.53M. This is an indication that the company is relatively small compared to other digital marketing companies. However, Jaywing PLC also has a Return on Equity of -29.53%. This means that the company is not generating returns on its investments and is likely not performing as well as its competitors.
Summary
FLUENT has reported its second quarter of FY2023 earnings for the period ending June 30 2023. Total revenue decreased 16.5% compared to the same period in the previous year, but net income increased 102.1%. This is a positive indicator, as it shows that the company is cutting costs and becoming more efficient.
The stock price has been rising, and analysts expect the trend to continue. Investors should consider adding FLUENT to their portfolios for the long term, as it continues to show potential for growth and profitability.
Related Posts
Recent Posts
