Creative Realities Inc. (CREX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
13100 MAGISTERIAL DRIVE LOUISVILLE, KY 40223 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,910 | 1,633 | 2,883 | 1,826 | 2,534 | 2,718 | |||
| Cash and cash equivalent | 2,910 | 1,633 | 2,883 | 1,826 | 2,534 | 2,718 | |||
| Receivables | 12,468 | 8,263 | 3,375 | 2,343 | 4,749 | 7,681 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,567 | 2,267 | 1,880 | 2,351 | 379 | 379 | |||
| Inventory | 2,567 | 2,267 | 1,880 | 2,351 | 379 | 379 | |||
| Other undisclosed current assets | 665 | 1,819 | 1,634 | 507 | 320 | 1,581 | |||
| Total current assets: | 18,610 | 13,982 | 9,772 | 7,027 | 7,982 | 12,359 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,041 | 1,584 | 654 | 931 | 1,728 | ✕ | |||
| Property, plant and equipment | 499 | 201 | 75 | 1,340 | 1,553 | 1,230 | |||
| Intangible assets, net (including goodwill) | 50,515 | 50,205 | 12,375 | 11,315 | 22,578 | 23,960 | |||
| Goodwill | 26,453 | 26,453 | 7,525 | 7,525 | 18,171 | 18,900 | |||
| Intangible assets, net (excluding goodwill) | 24,062 | 23,752 | 4,850 | 3,790 | 4,407 | 5,060 | |||
| Other noncurrent assets | 112 | 43 | 5 | 5 | 135 | 179 | |||
| Total noncurrent assets: | 52,167 | 52,033 | 13,109 | 13,591 | 25,994 | 25,369 | |||
| TOTAL ASSETS: | 70,777 | 66,015 | 22,881 | 20,618 | 33,976 | 37,728 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11,637 | 7,585 | 4,627 | 3,803 | 4,600 | 5,842 | |||
| Accounts payable | 7,876 | 3,757 | 2,517 | 1,661 | 1,849 | 1,995 | |||
| Accrued liabilities | 3,761 | 3,828 | 2,110 | 2,142 | 2,751 | 3,847 | |||
| Deferred revenue | 1,132 | 1,223 | 426 | 764 | 772 | ✕ | |||
| Debt | 3,690 | 4,499 | 4 | 3,637 | |||||
| Derivative instruments and hedges, liabilities | 21 | ||||||||
| Business combination, contingent consideration, liability | |||||||||
| Other undisclosed current liabilities | 3,738 | 3,189 | 1,806 | 2,762 | 1,422 | 9,141 | |||
| Total current liabilities: | 20,197 | 16,496 | 6,859 | 7,333 | 10,431 | 15,004 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 9,829 | 13,073 | 6,875 | 6,706 | 3,757 | 3,233 | |||
| Long-term debt, excluding current maturities | 9,829 | 13,073 | 6,875 | 6,706 | 3,757 | 3,233 | |||
| Liabilities, other than long-term debt | 11,920 | 10,867 | 108 | 367 | |||||
| Accounts payable and accrued liabilities | 108 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 128 | ||
| Other liabilities | 176 | 205 | 239 | ||||||
| Operating lease, liability | 536 | 873 | ✕ | ||||||
| Business combination, contingent consideration, liability | 11,208 | 9,789 | |||||||
| Other undisclosed noncurrent liabilities | 418 | 2,136 | 1,460 | 2,303 | |||||
| Total noncurrent liabilities: | 21,749 | 23,940 | 7,293 | 8,950 | 5,217 | 5,903 | |||
| Total liabilities: | 41,946 | 40,436 | 14,152 | 16,283 | 15,648 | 20,907 | |||
| Equity | |||||||||
| Equity, attributable to parent | 28,831 | 25,579 | 8,729 | 4,335 | 18,508 | 16,821 | |||
| Common stock | 104 | 218 | 120 | 109 | 98 | 97 | |||
| Additional paid in capital | 82,073 | 75,770 | 60,863 | 56,712 | 54,052 | 53,575 | |||
| Accumulated deficit | (53,346) | (50,409) | (52,254) | (52,486) | (35,642) | (36,851) | |||
| Other undisclosed equity | (180) | ||||||||
| Total equity: | 28,831 | 25,579 | 8,729 | 4,335 | 18,328 | 16,821 | |||
| TOTAL LIABILITIES AND EQUITY: | 70,777 | 66,015 | 22,881 | 20,618 | 33,976 | 37,728 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 45,166 | 43,350 | 18,437 | 17,457 | 31,598 | 22,475 | ||
| Cost of revenue | (22,983) | (25,611) | (10,080) | (9,336) | (17,859) | (12,252) | ||
| Cost of product and service sold | (22,983) | (25,611) | (6,914) | (6,251) | (6,245) | (4,776) | ||
| Other cost of operating revenue | (3,166) | (3,085) | (11,614) | (7,476) | ||||
| Gross profit: | 22,183 | 17,739 | 8,357 | 8,121 | 13,739 | 10,223 | ||
| Operating expenses | (20,837) | (20,219) | (10,906) | (24,203) | (13,849) | (14,705) | ||
| Operating income (loss): | 1,346 | (2,480) | (2,549) | (16,082) | (110) | (4,482) | ||
| Nonoperating income (expense) | (4,200) | 4,435 | 2,803 | (920) | 1,241 | (6,536) | ||
| Interest and debt expense | (2,992) | (2,743) | 1,911 | 209 | 2,046 | 294 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (5,846) | (788) | 2,165 | (16,793) | 3,177 | (10,724) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,992 | 2,743 | (1,911) | (209) | (2,046) | (294) | ||
| Income (loss) from continuing operations before income taxes: | (2,854) | 1,955 | 254 | (17,002) | 1,131 | (11,018) | ||
| Income tax expense (benefit) | (83) | (79) | (22) | 158 | (93) | 398 | ||
| Income (loss) from continuing operations: | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (10,620) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 232 | (16,844) | 1,038 | (10,620) | |
| Net income (loss): | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (10,620) | ||
| Net loss attributable to noncontrolling interest | (232) | |||||||
| Other undisclosed net income attributable to parent | 232 | |||||||
| Net income (loss) attributable to parent: | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (10,620) | ||
| Other undisclosed net loss available to common stockholders, basic | (4,277) | |||||||
| Net income (loss) available to common stockholders, diluted: | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (14,897) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (10,620) | ||
| Comprehensive income (loss): | (2,937) | 1,876 | 232 | (16,844) | 1,038 | (10,620) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (232) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,937) | 1,876 | (16,844) | 1,038 | (10,620) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.