From GlobeNewswire: 2025-04-17 16:05:00

Fluent Corp. reported a 6.4% increase in annual revenue to $103.6 million. They acquired RIV Capital, adding New York operations. The company also closed a debt refinancing deal, ending the year with over $40 million in cash. Brand presence expanded with strategic launches in New York and Florida.

In the fourth quarter of 2024, Fluent Corp. saw revenue of $24.9 million, with pro forma revenue of $29.6 million. Adjusted EBITDA was $3.0 million, impacted by a decrease in Florida revenue. The company ended the year with $40.1 million in cash and cash equivalents.

For the full year 2024, Fluent Corp. reported a 6.4% increase in revenue to $103.6 million, with Florida revenue at $86.8 million. Gross profit before fair value adjustments was $50.3 million. Adjusted EBITDA was $25.0 million, primarily affected by the slowdown in the Florida market.

Fluent Corp. currently operates 42 locations across Florida, New York, Pennsylvania, and Texas. They are progressing with the construction of a new cultivation facility and completed the acquisition of RIV Capital Inc. The company also launched new brands in different markets.

The company will host a conference call today at 4:30 p.m. Eastern time to discuss its financial and operational results. Participants can join the call using the toll-free dial-in number provided. The call will also be available for replay on the company’s investor relations website.

Fluent Corp.’s financial statements for the years ended December 31, 2024, and December 31, 2023, show a detailed breakdown of their assets, liabilities, income, and cash flow. The company reported EBITDA and Adjusted EBITDA calculations for the same periods, outlining key financial metrics.



Read more at GlobeNewswire:: FLUENT Reports Fourth Quarter and Full Year 2024 Results