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

Issuer:     CREATIVE REALITIES, INC. (CREX)
CIK:        0001356093
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014351
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1356093/000143774923014351/0001437749-23-014351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1356093/000143774923014351/crex20230513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014351

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