Compliance And Credit IssuesThe delay in filing was a result of efforts to attain an amendment to its credit facility, finishing the quarter out of compliance with the new leverage covenants.
Financial PerformanceFluent's third quarter revenues fell to $64.5 million, 3% below a year ago, with EBITDA impacted by softer media margins and revenue declines.
Revenue OutlookElection-related headwinds have impacted media costs, affecting Fluent's revenue outlook and leading to a decline in Owned and Operated revenue.