- Fluent turned in a decent FY'20 financial performance, with 11.3% revenue growth and 18.7% adjusted EBITDA growth in spite of the pandemic.
- A shift in business strategy, eliminating lower quality traffic, is expected to result in 11% to 13% revenue drop in Q1'21 versus the same quarter last year.
- The stock has been punished in March/April as a result of lowered expectations and the recent tech meltdown.
- The stock is undervalued according to my relative valuation assessment and I am giving Fluent a speculative bullish rating.
For further details see:
Fluent: Short Term Pain But Long Term Gain