Creatd Inc Stock Price, News & Analysis

Creatd (Nasdaq CM: CRTD) has released its 2020 Year in Review, showcasing how its Vocal platform supported creators during a challenging year. Over 120,000 stories were submitted, with creators earning more than $400,000, including $195,000 through competitive Challenges. CEO Jeremy Frommer emphasized that the company's success is linked to the success of its creators. Vocal also raised awareness on key global issues. The report highlights the platform's impact on storytelling and creator engagement amid significant global challenges.

Creatd, Inc. (Nasdaq CM: CRTD) announced a partnership with Plant Camp to launch a healthy mac and cheese product for kids. This venture marks the debut of Creatd's corporate division, Creatd Partners. The U.S. mac and cheese market is valued at $1.2 billion, and Plant Camp aims to address a gap for healthier options. Creatd has provided seed capital and resources for Plant Camp, acquiring a 30% ownership stake. The product is available for pre-order through Plant Camp's e-commerce site, with future plans to expand to big box retailers.

Creatd, Inc. (Nasdaq CM: CRTD) announced a significant milestone with the conversion of its 10,000th freemium creator to a paid Vocal+ subscriber, surpassing year-end targets. The Vocal+ subscriber base has grown by over 33% recently, while subscriber acquisition costs remain low. Creatd's Vocal platform continues onboarding more than 1,000 new freemium creators daily, and the company anticipates generating an additional $100,000 in recurring monthly revenue. Creatd aims for fourth-quarter revenues between $550,000 and $650,000, with potential first-quarter revenues reaching $1 million.

Creatd, Inc. (Nasdaq CM: CRTD) reported Q3 2020 revenues of approximately $425,000, a 32% increase from Q2 and over four times higher than Q3 2019. The company successfully up-listed to the Nasdaq, raising about $7.8 million in gross proceeds. Operating expenses surged to approximately $7.4 million due to non-recurring costs and performance-based stock options. Despite a comprehensive loss of $13.6 million, management anticipates revenue growth to continue into Q4. Notably, total liabilities decreased dramatically from $15.5 million to $3.3 million, reflecting strong financial management.

Creatd, Inc. (NASDAQ:CRTD) has announced a webcast scheduled for November 17, 2020, at 11 a.m. ET, to discuss its third quarter 2020 financial results and update on business development initiatives. The financial results will be issued on November 16, 2020, following the market close. The webcast will include a Q&A session, allowing participants to submit questions. Creatd's platform, Vocal, supports diverse creators with tools for storytelling and monetization.

Creatd, Inc. (NASDAQ: CRTD) announced the appointment of LaBrena Jones Martin to its Board of Directors. With nearly 40 years in corporate and securities law, she will chair the Corporate Governance and Nomination Committee, and serve on the Compensation and Audit Committees. Martin's experience includes roles at the SEC and Royal Bank of Canada, making her a valuable addition as Creatd aims for growth as a newly listed company. Chairman Mark Standish emphasized her capability in guiding companies during significant growth phases, highlighting the anticipated expansion of Creatd.

Creatd, Inc. (NASDAQ: CRTD) has appointed Laurie Weisberg as its new Chief Operating Officer, effective immediately. Weisberg, who previously served on the Company's board, will spearhead sales and strategic partnerships to drive growth. Her experience includes leadership roles at Intent and Thrive Global. This appointment aligns with Creatd's 2021 strategy to expand its product offerings and revenue streams, particularly through its Vocal platform, which has over 700,000 content creators. The company aims to leverage first-party data to enhance brand engagement and growth.

Creatd, Inc. (NASDAQ: CRTD) has successfully closed a public offering of 1,725,000 units of securities at $4.50 per unit, generating total proceeds of $7,762,500. Each unit comprises one share of common stock and a warrant exercisable at $4.50 for five years. Trading for both common stock and warrants commenced on September 11, 2020. Additionally, the underwriters have a 45-day option to purchase up to 258,750 additional shares to cover over-allotments. The offering was managed by The Benchmark Company, LLC, along with co-managers Aegis Capital Corp. and Brookline Capital Markets.

Creatd, Inc. (NASDAQ: CRTD) has announced the pricing of its public offering of 1,725,000 units at $4.50 per unit, generating gross proceeds of $7.7625 million. Each unit consists of one share of common stock and one warrant, exercisable at $4.50 for five years. The stock will trade on Nasdaq under CRTD and CRTDW from September 11, 2020. The company has granted underwriters a 45-day option for additional shares. Proceeds will fund marketing, debt repayment, and R&D. Closing is expected around September 15, 2020.