Creative Realities Q1 revenue $9.9M, record gross margin 51.2%, reaffirms FY23 $60M guidance

CREATIVE REALITIES, INC.

2023-Q1 EPS reported -$0.14 revenue$9,944,000

Q1 revenue $9.9M, down 8% YoY; hardware revenue fell 33% but services up 31%.
Record Q1 gross profit $5.1M (51.2% margin) vs 36.2% a year ago; managed services revenue up 51%.
Record Q1 Adjusted EBITDA $1.0M (9.6% margin) vs $0.6M (5.9%) prior year.
Net loss $1.0M vs net income $2.5M in prior year (prior year included $5.4M mark-to-market gain).
Reaffirmed FY 2023 revenue guidance of $60M; projects backlog revenue up to $110M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CREATIVE REALITIES, INC. reported the first quarter ended March 31, 2023 results: revenue $9.9 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $9.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

I am pleased to report that the Company generated first quarter 2023 revenue of $9.9 million

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CREATIVE REALITIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-014351

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