Cansortium Inc., operating under the FLUENT brand, reported a 12% increase in revenue for the second quarter of 2023, reaching $27.3 million. The company also announced its merger with RIV Capital, expanding its reach and operations across multiple states. The merger is expected to close in the fourth quarter of 2024.
Fluent, Inc. (FLNT) reported a quarterly loss that was significantly wider than analysts’ expectations, and its revenue also fell short of estimates. Despite this, the company’s stock is currently rated a Zacks Rank #2 (Buy) due to positive earnings estimate revisions. However, the stock has underperformed the market year-to-date, and investors should consider the industry’s overall outlook.
