Creative Realities Inc Stock Price, News & Analysis

Creative Realities, Inc. (NASDAQ: CREX) and Reflect Systems, Inc. have entered into a definitive merger agreement, aiming to create a leading provider in the digital signage industry. The merger will utilize both companies' strengths, with CRI focusing on large-scale projects and Reflect offering advanced content management software. The combined entity will retain the Creative Realities name and headquarters in Louisville, while also maintaining Reflect's Dallas office. The merger is anticipated to close in Q1 2022, positioning the companies for significant growth and enhanced service offerings.

Creative Realities, Inc. (NASDAQ: CREX) will release its financial results for Q3 2021 after market close on November 15, 2021. A conference call for discussion of the results is scheduled for November 16, 2021, at 9:00 am ET, hosted by CEO Rick Mills and CFO Will Logan. Participants must register to access the live webcast. Creative Realities provides digital marketing solutions and operates across various sectors including automotive, retail, and entertainment, with installations in over 10 countries, focusing on enhancing customer experiences through advanced technologies.

Creative Realities (NASDAQ: CREX) announced its financial results for Q2 2021, revealing revenue of $3.3 million, a 10% decline year-over-year. Despite challenges from semiconductor supply chain disruptions, the company achieved net income of $1 million and EBITDA of $1.9 million. Hardware revenues fell by 19% due to display delivery delays, while services revenue decreased slightly. Notably, ongoing customer purchase orders exceed $1.8 million, with expectations of revenue timing shifts rather than losses. Creative Realities also reported significant cost reductions, benefiting from Employee Retention Credits.

Creative Realities, Inc. (NASDAQ: CREX) will release its financial results for Q2 2021 on August 16, 2021, after market close. A conference call hosted by CEO Rick Mills and CFO Will Logan is scheduled for August 17, 2021, at 9:00 AM ET, featuring management remarks and a Q&A session. Participants can register for the call via a provided link. CRI focuses on omnichannel technologies to enhance customer experiences in sectors like Automotive, Retail, and Foodservice, with operations in North America and installations in over 10 countries.

Creative Realities reported a revenue of $5.0 million for Q1 2021, a 35% increase compared to Q1 2020. The company achieved breakeven operating results and a net income of $1.3 million. Hardware sales surged 106% to $2.8 million driven by Safe Space Solutions. They successfully forgave their PPP loan and refinanced debts, improving financial stability. Despite positive results, challenges like customer reopening delays and chip shortages may impact future revenues. A conference call for further details is set for May 18, 2021.

Creative Realities, Inc. (NASDAQ: CREX) will release its financial results for Q1 2021 on May 17, 2021, after market close. A conference call is scheduled for May 18, 2021, at 9:00 AM ET, featuring CEO Rick Mills and CFO Will Logan. Participants can register for the call via a provided link and will have access to an archived version later. Creative Realities specializes in omnichannel technologies for enhancing customer experiences across various sectors, including Automotive and Foodservice.

Creative Realities, Inc. (NASDAQ: CREX) announced that CEO Rick Mills will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, 2021, from 9:00 am-5:00 pm EST. The event, hosted by M Vest LLC and Maxim Group LLC, will feature discussions with C-suite executives, fireside chats, and presentations from various industry leaders. Creative Realities specializes in omnichannel digital marketing solutions, serving multiple sectors across North America and beyond. To attend, participants must sign up for M-Vest membership.

Creative Realities, Inc. (CREX) reported FY 2020 results, revealing a revenue decline of 45% to $17.5 million, attributed to the pandemic's impact. Hardware revenues rose by 9.3%, driven by Safe Space Solutions, while services revenue dropped 63.8%. The net loss increased to $16.8 million, compared to a profit in 2019. Positive EBITDA emerged in Q4, indicating operational stability. Future growth is expected with a focus on digital technologies as the market reopens. The company refinanced its debt and secured a PPP loan forgiveness, strengthening its financial position.

Creative Realities, Inc. (NASDAQ: CREX) announced a restructuring of its debt to enhance liquidity and support future growth initiatives. Key actions include eliminating a three times liquidation preference on a loan, increasing liquidity by $1 million through a new credit facility, and extending debt maturity from June 30, 2021, to March 31, 2023. Additionally, the company plans to reduce outstanding debt by converting it into common stock based on a recent market price. CEO Rick Mills expressed confidence in pursuing growth opportunities as the market recovers from the COVID-19 pandemic.