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Creative Realities Inc (CREX)
NASDAQ:CREX
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
$0.2Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -33.41%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with record-breaking revenue and profitability metrics. However, there are concerns regarding the timing of customer orders and cash management. Despite these challenges, the company remains optimistic about its growth trajectory and future prospects.Company Guidance
On the earnings call for Creative Realities (CREX) for Q3 2024, the guidance highlighted several key metrics reflecting the company's ongoing growth trajectory. The record revenue for the third quarter amounted to $14.4 million, marking a 25% increase from $11.6 million in the previous year. Gross profit rose to $6.6 million, up 24.5% compared to $5.3 million in 2023, while adjusted EBITDA saw a significant jump to $2.3 million from $1.5 million, representing a 53% increase. The company also reported an annual recurring revenue (ARR) run rate of $18.1 million, although the target of $20 million ARR by year-end may be affected by potential order delays. Despite some uncertainties in the fourth quarter outlook due to large customer deployments, the company remains confident in achieving record revenue and profitability for the full year 2024. The operating leverage is evident with a trailing 12-month adjusted EBITDA of $7.4 million, translating to 13.6% of trailing 12-month revenue, surpassing projections of a 2024 exit run rate of approximately 12% on $60 million revenue.Record-Breaking Quarterly Revenue
The company posted record third-quarter revenue of $14.4 million, up 25% from $11.6 million a year ago.
Significant Growth in Gross Profit and Adjusted EBITDA
Gross profit increased by 24.5% to $6.6 million from $5.3 million in 2023. Adjusted EBITDA rose by 53% to approximately $2.3 million from $1.5 million last year.
Annual Recurring Revenue (ARR) Growth
The company reported an ARR at an annual run rate of $18.1 million, aiming to reach $20 million by year-end.
Operating Leverage and Profitability
Operating leverage is evident with adjusted EBITDA as a percent of revenue at 15.8% for the quarter and 11.5% year-to-date.
Debt Reduction Achievement
The company achieved a leverage ratio on a gross and net basis of 1.49 and 1.37x, respectively, down from 2.97x and 2.4x at the beginning of the year.
Successful IPTV Deployment
Completed the largest deployment of IPTV during the third quarter of 2024 at an NHL arena.
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CREX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CREX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $4.43 | $3.71 | -16.25% |
| Aug 14, 2024 | $4.21 | $4.12 | -2.14% |
| May 10, 2024 | $4.05 | $3.92 | -3.21% |
| Mar 21, 2024 | $4.19 | $3.90 | -6.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Creative Realities Inc (CREX) report earnings?
Creative Realities Inc (CREX) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Creative Realities Inc (CREX) earnings time?
Creative Realities Inc (CREX) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CREX EPS forecast?
CREX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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