Creative Realities Reports Q2 2024 Financials

TL;DR

CREX Q2 24: Assets $4.59M, Liabs $4.01M. Debt details in 10-Q.

AI Summary

Creative Realities, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $4.587 million and total liabilities of $4.01 million as of June 30, 2024. The filing also details various credit facilities, including a Consolidated Term Loan and a Revolving Credit Facility, with specific balances and maturity dates mentioned.

Why It Matters

This filing provides investors with a snapshot of Creative Realities, Inc.'s financial health and debt obligations as of the second quarter of 2024.

Risk Assessment

Risk Level: medium — The company has significant liabilities relative to its assets, indicating potential financial strain.

Key Numbers

• $4.587M — Total Assets (As of June 30, 2024)
• $4.01M — Total Liabilities (As of June 30, 2024)
• 8.00% — Interest Rate (Consolidated Term Loan)
• 8.01% — Interest Rate (Revolving Credit Facility)

Key Players & Entities

• CREATIVE REALITIES, INC. (company) — Filer
• 4.587 million (dollar_amount) — Total Assets as of June 30, 2024
• 4.01 million (dollar_amount) — Total Liabilities as of June 30, 2024
• June 30, 2024 (date) — Reporting Period End Date

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share CREX The Nasdaq Stock Mar

Filing Documents

• crex20240630_10q.htm (10-Q) — 1130KB
• ex_711657.htm (EX-10.6) — 91KB
• ex_683672.htm (EX-31.1) — 12KB
• ex_683673.htm (EX-31.2) — 12KB
• ex_683674.htm (EX-32.1) — 5KB
• ex_683675.htm (EX-32.2) — 5KB
• ex_683676.htm (EX-99.1) — 289KB
• crexlogonew.jpg (GRAPHIC) — 7KB
• 0001437749-24-026573.txt ( ) — 5742KB
• crex-20240630.xsd (EX-101.SCH) — 44KB
• crex-20240630_cal.xml (EX-101.CAL) — 35KB
• crex-20240630_def.xml (EX-101.DEF) — 297KB
• crex-20240630_lab.xml (EX-101.LAB) — 265KB
• crex-20240630_pre.xml (EX-101.PRE) — 321KB
• crex20240630_10q_htm.xml (XML) — 868KB

Financial Statements

Item 1. Financial Statements CREATIVE REALITIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) June 30, December 31, 2024 2023 (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 4,086 $ 2,910 Accounts receivable, net 9,491 12,468 Inventories, net 2,995 2,567 Prepaid expenses and other current assets 964 665 Total Current Assets $ 17,536 $ 18,610 Property and equipment, net 418 499 Goodwill 26,453 26,453 Other intangible assets, net 23,745 24,062 Operating lease right-of-use assets 1,009 1,041 Other non-current assets 393 112 Total Assets $ 69,554 $ 70,777 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 5,205 $ 7,876 Accrued expenses and other current liabilities 4,345 3,761 Deferred revenues 2,946 1,132 Customer deposits 3,585 3,233 Current maturities of operating leases 449 505 Short-term portion of related party term debt - 3,690 Short-term portion of contingent consideration, at fair value 10,196 - Total Current Liabilities 26,726 20,197 Revolving credit facility 13,819 - Long-term related party term debt - 9,829 Long-term obligations under operating leases 585 536 Long-term contingent consideration, at fair value - 11,208 Other non-current liabilities 187 176 Total Liabilities 41,317 41,946 Shareholders' Equity Common stock, $ 0.01 par value, 66,666 shares authorized; 10,447 and 10,409 shares issued and outstanding, respectively 104 104 Additional paid-in capital 82,203 82,073 Accumulated deficit ( 54,070 ) ( 53,346 ) Total Shareholders' Equity 28,237 28,831 Total Liabilities and Shareholders' Equity $ 69,554 $ 70,777 See accompanying notes to condensed consolidated financial statements 1 CREATIVE REALITIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) For the Three Months Ended For the Six Months En

View Full Filing

View this 10-Q filing on SEC EDGAR