other material
confidence high
sentiment positive
materiality 0.50
Creatd announces FY2023 revenue guidance of $2M, expects significant growth in FY2024
Creatd, Inc.
- FY2023 revenue guidance of $2M; management expects significant growth in FY2024.
- Cost of revenue cut 83% to $1M; operating expenses down 63% to $8.6M (adj. for SBC).
- Gross margins positive at $900K vs -$1.3M in 2022; net cash used in ops reduced 131% to $3.4M.
- TAMI Ventures/Bettaverse definitive agreement deadline extended to 4/23/2024; 10-K expected mid-May.
- Company interviewing underwriters for potential uplisting to national exchange later this year.