earnings
confidence high
sentiment positive
materiality 0.80
Creative Realities reports record Q3 revenue $11.2M, raises 2023 guidance to $54M
CREATIVE REALITIES, INC.
2022-Q3 EPS reported
$0.17
revenue$32,860,000
- Record Q3 2022 revenue of $11.2M, up 135% YoY ($6.4M increase).
- Net loss of $0.6M; adjusted EBITDA of $1.2M (11.2% margin).
- Annual recurring revenue run-rate exceeds $14.5M, on track for 25% growth in 2022.
- Reaffirms 2022 revenue guidance >$43M; raises 2023 guidance to at least $54M.
- Announces 2023 adjusted EBITDA target of 15%; gross margin contracted to 40.4%.