Signage and adtech firm Creative Realities Q3 revenue misses estimates on order shift

Reuters11-12
Signage and adtech firm <a href="https://laohu8.com/S/CREX">Creative Realities</a> Q3 revenue misses estimates on order shift

Overview

  • Creative Realities Q3 revenue of $10.5 mln missed analyst expectations

  • Company reports Q3 net loss of $7.8 mln, compared to net income last year

  • Acquisition of Cineplex Digital Media for $42.7 mln completed post-Q3

Outlook

  • Company plans to update shareholders on integration progress and future outlook during earnings call

Result Drivers

  • ORDER DELAY - Revenue negatively impacted by $2 mln order slipping into Q4

  • SOFTWARE IMPAIRMENT - $5.7 mln non-cash software impairment charge due to wind down of Stellantis engagement

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$10.5 mln

$13.70 mln (4 Analysts)

Q3 EPS

-$0.75

Q3 Adjusted EBITDA

$800,000

Q3 ARR

$12.30 mln

Q3 Gross Profit

$4.78 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Creative Realities Inc is $7.63, about 63.4% above its November 11 closing price of $2.79

  • The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX2NbdSJ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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