CRDV
Community Redevelopment Inc.0.0011
-0.0002-15.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
412.57KP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Merger with software firm approved
Community Redevelopment Inc. approved the merger with Incued Inc., a Delaware-based software applications and analytics firm, on January 31, 2025. This acquisition targets expansion into tech-driven redevelopment tools. Board approval signals swift integration. No financial terms or closing date disclosed.
10-K
FY2024 results
Community Redevelopment Inc. posted a $254,612 net loss for FY2024 ended December 31, 2024, a sharp improvement from $700,087 in 2023, driven by a $195,388 gain in the fair value of derivatives that offset $100,000 in interest expense and $350,000 in general and administrative costs; revenue stayed at zero amid the Q4 pivot to a multi-vertical holding company structure. Q4 momentum showed promise with new management taking over on December 2, slashing operating expenses from prior-year levels while issuing $958,431 in convertible promissory notes to fund acquisitions in tech, accounting, and real estate. Cash hit zero by year-end, but net operating cash flow turned positive at $101,729, fueled by accounts payable growth. No dividends or buybacks occurred; liquidity hinges on shareholder loans. A key risk: failure to secure financing could halt operations and stall quarterly progress.
10-K
FY2023 results
Community Redevelopment Inc. posted FY2023 revenue of $6,950, a sharp drop from $93,750 in 2022, with gross profit shrinking to $1,000 amid ongoing real estate redevelopment efforts. Operating expenses fell to $603,437, yielding a $602,437 operating loss, while net loss narrowed to $700,087 from $10.8 million the prior year, thanks to no discontinued operations drag. Q4 momentum showed stabilization under new management since December 2023, with cash climbing to $118,245 from $101,728 year-end, fueled by $450,000 in notes payable proceeds, yet total liabilities swelled to $14.1 million on mortgages and convertibles. No quarterly breakdowns disclosed, but restructuring rescinded prior real estate interests, trimming investments. Liquidity strains persist with a $49.9 million working capital deficit; management eyes $10 million funding for growth. A key risk: failure to secure financing could halt operations.
8-K
Director resigns, board shrinks
Community Redevelopment Inc. saw Richard Balles resign as director on December 1, 2024, leaving Phil Sands as the sole director and CEO. The departure stemmed from no disagreements with management. This streamlines leadership amid the company's emerging growth status. Board changes like this sharpen focus.
8-K
New President Appointment
Community Redevelopment Inc. appointed Phil Sands as President on December 28, 2023, bolstering its executive team with his investment expertise. Sands, a veteran who has led public and private firms while raising millions in capital, brings a BS in Business Communications. This move signals a push for funding amid redevelopment goals. Yet, no integration details emerge.
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