
Shares of commerce media solutions company Fluent FLNT.O rise 28.95% to $2.93 after the bell
Company expects adjusted core profit in the fourth quarter of 2025, as well as double-digit revenue growth and adjusted core profit for the full year 2026
"We expect to continue to drive substantial growth through the back half of the year as we go live with top-tier media partners like Authentic Brands Group" - CEO Don Patrick
For Q2, company reports adjusted EBITDA loss of $2.8 million
Separately, FLNT announces $10.3 million private placement of securities
FLNT currently intends to use the net proceeds from the private placement for working capital and general corporate purposes
Shares down ~10% YTD