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Sunday, July 3, 2022

FY 2021 Financial Results: Creative Realities, Inc. (CREX) Stock Shines After Hours.

Creative Realities, Inc. (CREX) is a company focused on the development and deployment of consumer experience for enterprise-level platforms. The company is the provider of SaaS across a wider range of markets including automotive, food services, and theater along with others.


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CREX stock price during the regular trading session of March 22, 2022, leaped by 5.93% to be $0.85. Its price swelled further as of the writing in the aftermarket session by 41.03%.

CREX: Key Financials

CREX released its Q4 and full-year 2021 unaudited financial statement on March 22, 2022, for the quarter and year ended December 31, 2021. Some important points are mentioned below.

Revenue

The company posted revenue of $18.4 million in FY 2021 versus $17.4 million in the corresponding year 2020. The company observed a phenomenal gain of $1.0 million or 5.6% in its revenue over the year.

Net Earnings/Loss

Net earnings during the fiscal year 2021 were $0.2 million in comparison to a net loss of $16.8 million in FY 2020. The company’s earnings gained significant momentum over the year.

CREX: Events and Happenings

On February 18, 2022, CREX and Reflect Systems updated on the finalization of their combination, previously disclosed in November 2021. The merged business operates under the brand name CREX. Reflect Systems has vast expertise and experience in different businesses including specialty retail, banking, and corporate communications.

On February 3, 2022, CREX reported its entry into a definitive contract for a private placement with an institutional investor. The company decided to buy 1,315,000 common stock shares and warrants to acquire approximately 1,315,000 common stock shares. Also, 5,851,505 pre-funded warrants along with Common Warrants to acquire approximately 5,851,505 common stock shares. Each common stock share and warrant are sold at a per-share offering price of $1.535, and each Pre-funded Warrant and common warrant are sold at a per-share offering price of $1.5349.

Conclusion

CREX stock dropped by approximately 40% year-to-date. Its stock price soared phenomenally in the aftermarket trading as the company reported the financial statement and its revenue and net earnings increased over the yearly span. The revenue guidance of the company for FY 2022 is above $43 million.

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