secwatch.observer — SEC 8-K summary
======================================

Issuer:     Creatd, Inc. (CRTD)
CIK:        0001357671
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0001213900-22-018644
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creatd reports FY 2021 revenue up 255% to $4.3M but comprehensive loss widens to $37.4M; issues FY 2022 guidance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357671/000121390022018644/0001213900-22-018644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357671/000121390022018644/ea158177-8k_creatdinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-018644

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer