Credit Facility 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.
Regulatory ChallengesRegulatory concerns over consumer consent in marketing have limited the company’s ability to market its owned services and execute on its traditional performance marketing operations.