earnings
confidence high
sentiment negative
materiality 0.70
Creatd reports FY 2021 revenue up 255% to $4.3M but comprehensive loss widens to $37.4M; issues FY 2022 guidance
Creatd, Inc.
2023-Q1 EPS reported
-$0.36
revenue$1,348,738
- GAAP revenue $4.3M (+255% YoY); non-GAAP $6.9M; comprehensive loss $37.4M (up 54%) due to heavy non-cash charges.
- Operating expenses doubled to $32.4M; expects to reduce to ~$1.6M/quarter and eliminate extraordinary items.
- Cash $3.8M at year-end; raised $5.1M in Q1 2022 via equity; debt reduced to $822K short-term.
- FY 2022 guidance: GAAP revenue $8-10M, non-GAAP $15-18M; expects 2x growth without expense increase.
- Management bought 46K shares ($152K) in 2021; insiders participated in Q1 2022 offerings.