Creative Realities Inc. (CREX) Financial Statements (2024 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)

3/31/2024
MRQ
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 investments2,9101,6332,8831,8262,5342,718
Cash and cash equivalents2,9101,6332,8831,8262,5342,718
Receivables12,4688,2633,3752,3434,7497,681
Inventory, net of allowances, customer advances and progress billings2,5672,2671,8802,351379379
Inventory2,5672,2671,8802,351379379
Other undisclosed current assets6651,8191,6345073201,581
Total current assets:18,61013,9829,7727,0277,98212,359
Noncurrent Assets
Operating lease, right-of-use asset1,0411,5846549311,728
Property, plant and equipment499201751,3401,5531,230
Intangible assets, net (including goodwill)50,51550,20512,37511,31522,57823,960
Goodwill26,45326,4537,5257,52518,17118,900
Intangible assets, net (excluding goodwill)24,06223,7524,8503,7904,4075,060
Other noncurrent assets1124355135179
Total noncurrent assets:52,16752,03313,10913,59125,99425,369
TOTAL ASSETS:70,77766,01522,88120,61833,97637,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,6377,5854,6273,8034,6005,842
Accounts payable7,8763,7572,5171,6611,8491,995
Accrued liabilities3,7613,8282,1102,1422,7513,847
Deferred revenue1,1321,223426764772
Debt3,6904,499 43,637 
Derivative instruments and hedges, liabilities      21
Business combination, contingent consideration, liability      
Other undisclosed current liabilities3,7383,1891,8062,7621,4229,141
Total current liabilities:20,19716,4966,8597,33310,43115,004
Noncurrent Liabilities
Long-term debt and lease obligation 9,82913,0736,8756,7063,7573,233
Long-term debt, excluding current maturities 9,82913,0736,8756,7063,7573,233
Liabilities, other than long-term debt11,92010,867 108 367
Accounts payable and accrued liabilities    108  
Deferred tax liabilities, net128
Other liabilities176205   239
Operating lease, liability536873   
Business combination, contingent consideration, liability 11,2089,789    
Other undisclosed noncurrent liabilities   4182,1361,4602,303
Total noncurrent liabilities:21,74923,9407,2938,9505,2175,903
Total liabilities:41,94640,43614,15216,28315,64820,907
Equity
Equity, attributable to parent28,83125,5798,7294,33518,50816,821
Common stock1042181201099897
Additional paid in capital82,07375,77060,86356,71254,05253,575
Accumulated deficit(53,346)(50,409)(52,254)(52,486)(35,642)(36,851)
Other undisclosed equity     (180) 
Total equity:28,83125,5798,7294,33518,32816,821
TOTAL LIABILITIES AND EQUITY:70,77766,01522,88120,61833,97637,728

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues45,16643,35018,43717,45731,59822,475
Cost of revenue(22,983)(25,611)(10,080)(9,336)(17,859)(12,252)
Cost of goods and services 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:22,18317,7398,3578,12113,73910,223
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)4,4352,803(920)1,241(6,536)
Interest and debt expense(2,992)(2,743)1,9112092,046294
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 taxes2,9922,743(1,911)(209)(2,046)(294)
Income (loss) from continuing operations before income taxes:(2,854)1,955254(17,002)1,131(11,018)
Income tax expense (benefit)(83)(79)(22)158(93)398
Income (loss) from continuing operations:(2,937)1,876232(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)1,876232(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)1,876232(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)1,876232(16,844)1,038(14,897)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(2,937)1,876232(16,844)1,038(10,620)
Comprehensive income (loss):(2,937)1,876232(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.

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