Creative Realities, Inc.
3.0400-0.04 (-1.3%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · CREX · USD
Key Stats
Market Cap
31.98MP/E (TTM)
-Basic EPS (TTM)
-0.12Dividend Yield
0%Recent Filings
8-K
CRI acquires CDM for $70M CAD
Creative Realities announced a $70M CAD acquisition of Cineplex Digital Media on October 15, 2025, to double its size and expand into Canada, funding it with $30M in Series A preferred stock and debt. The deal targets 25% growth from CDM's $56M CAD 2024 revenue, with $10M synergies by 2026 boosting pro forma 2026 revenue over $100M and high-teens EBITDA margins. Closing hinges on regulatory approval by December 15; risks include integration delays.
8-K
Q2 revenue flat, ARR up
Creative Realities reported Q2 2025 revenue of $13.0 million, flat year-over-year but up 34% sequentially, with gross profit dropping to $5.0 million from $6.8 million due to lower service margins after exiting media sales. Adjusted EBITDA held at $1.2 million, while ARR climbed to $18.1 million, signaling steady recurring strength. The company slashed $3.1 million in debt using operating cash flow, yet leverage ratios rose to 4.40x net amid contingent liability settlements. Stronger H2 growth awaits.
10-Q
Q2 FY2025 results
Creative Realities posted Q2 revenue of $13.0M, flat year-over-year but down 8% quarter-over-quarter (derived), as hardware sales climbed 41% to $7.1M while services dipped 26% to $6.0M; gross profit fell to $5.0M from $6.8M, yielding a 38.5% margin versus 51.8% last year, with operating loss widening to $1.3M from a $0.6M profit. YTD, revenue slid 10% to $22.8M and net income swung to $1.6M from a $0.7M loss, boosted by a $4.8M gain on settling Reflect merger contingent consideration for $3.0M cash, a $4.0M promissory note (14% rate, due September 2027), and warrants. Cash dwindled to $0.6M amid $0.8M operating cash flow offset by $1.3M investing outflows, while debt rose to $20.1M including a $16.1M revolver (available up to $22.1M, covenants eased via amendments). EPS reconciles at $0.15 YTD on 10,471 basic shares, with anti-dilution from 7.3M options/warrants. Debt covenants pose ongoing risks.
8-K
Credit agreement margin reduced
Creative Realities amended its credit agreement with First Merchants Bank on July 24, 2025, effective June 30, to adjust the revolving line's borrowing base margin downward over time: 95% through September 29, then 90% through October 30, and 85% thereafter, based on the net orderly liquidation value of eligible contracts minus reserves. This step-down tightens borrowing availability amid ongoing liquidity needs. Bank gains appraisal rights through year-end.
8-K
Executive RSU grants awarded
Creative Realities granted 450,000 restricted stock units to CEO Richard Mills and 50,000 to Interim CFO David Ryan Mudd on July 3, 2025, under its 2023 Stock Incentive Plan. Mills' units vest in thirds on December 31, 2025, July 3, 2027, and July 3, 2028, with full acceleration on termination without cause, sale transaction, death, or disability; Mudd's vest annually over three years, accelerating on sale, death, or disability. These awards align executive incentives with shareholder value. Vesting hinges on continued service.
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