---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-014351"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:49:01.787952+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-014351
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000143774923014351/0001437749-23-014351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000143774923014351/crex20230513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014351
- JSON: https://secwatch.observer/filing/0001437749-23-014351.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014351.txt

## Key facts
- Earnings Releases
  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
  source text: I am pleased to report that the Company generated first quarter 2023 revenue of $9.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356093/000143774923014351/0001437749-23-014351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.