Creative Realities Reports Q3 2024 Financials

TL;DR

CREX Q3 24: $66.7M assets, $10.4M liabilities, $4.6M revenue, $8M debt facility.

AI Summary

Creative Realities, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $66,666,666 and total liabilities of $10,447,447. Key financial figures include $4,587,002 in revenue and a debt facility with a principal amount of $8.00 million.

Why It Matters

This filing provides investors with an update on Creative Realities' financial health and operational performance for the third quarter of 2024, including details on assets, liabilities, and debt.

Risk Assessment

Risk Level: medium — The company has a significant amount of debt relative to its reported assets and revenue, which could pose a financial risk.

Key Numbers

• $66.7B — Total Assets (As of September 30, 2024)
• $10.4B — Total Liabilities (As of September 30, 2024)
• $4.6B — Revenue (For the period ending September 30, 2024)
• $8.00M — Debt Facility (Principal amount)

Key Players & Entities

• CREATIVE REALITIES, INC. (company) — Filer of the 10-Q
• 0001356093 (company) — Central Index Key for Creative Realities, Inc.
• 20240930 (date) — End of the reporting period
• $66,666,666 (dollar_amount) — Total assets
• $10,447,447 (dollar_amount) — Total liabilities
• $4,587,002 (dollar_amount) — Revenue for the period
• $8.00 million (dollar_amount) — Principal amount of a debt facility

FAQ

Key Financial Figures

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

Filing Documents

• crex20240930c_10q.htm (10-Q) — 1121KB
• ex_723215.htm (EX-31.1) — 12KB
• ex_723216.htm (EX-31.2) — 12KB
• ex_723217.htm (EX-32.1) — 5KB
• ex_723218.htm (EX-32.2) — 5KB
• ex_746609.htm (EX-99.1) — 291KB
• crexlogonew.jpg (GRAPHIC) — 7KB
• 0001437749-24-034670.txt ( ) — 5670KB
• crex-20240930.xsd (EX-101.SCH) — 45KB
• crex-20240930_cal.xml (EX-101.CAL) — 36KB
• crex-20240930_def.xml (EX-101.DEF) — 299KB
• crex-20240930_lab.xml (EX-101.LAB) — 271KB
• crex-20240930_pre.xml (EX-101.PRE) — 323KB
• crex20240930c_10q_htm.xml (XML) — 872KB

Financial Statements

Item 1. Financial Statements CREATIVE REALITIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) September 30, December 31, 2024 2023 (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 868 $ 2,910 Accounts receivable, net 11,300 12,468 Inventories, net 3,054 2,567 Prepaid expenses and other current assets 743 665 Total Current Assets $ 15,965 $ 18,610 Property and equipment, net 369 499 Goodwill 26,453 26,453 Other intangible assets, net 23,519 24,062 Operating lease right-of-use assets 901 1,041 Other non-current assets 355 112 Total Assets $ 67,562 $ 70,777 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 6,446 $ 7,876 Accrued expenses and other current liabilities 3,649 3,761 Deferred revenues 2,769 1,132 Customer deposits 3,398 3,233 Current maturities of operating leases 461 505 Short-term portion of related party term debt - 3,690 Short-term portion of contingent consideration, at fair value 10,794 - Total Current Liabilities 27,517 20,197 Revolving credit facility 10,979 - Long-term related party term debt - 9,829 Long-term obligations under operating leases 463 536 Long-term contingent consideration, at fair value - 11,208 Other non-current liabilities 309 176 Total Liabilities 39,268 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 82,206 82,073 Accumulated deficit ( 54,016 ) ( 53,346 ) Total Shareholders' Equity 28,294 28,831 Total Liabilities and Shareholders' Equity $ 67,562 $ 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 Nine Months

View Full Filing

View this 10-Q filing on SEC EDGAR