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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2643,9051,6338192,8405,988
Cash and cash equivalents3,2643,9051,6338192,8405,988
Receivables6,4966,8498,2637,4058,6048,806
Inventory, net of allowances, customer advances and progress billings1,1481,4792,2673,1082,6382,024
Inventory1,1481,4792,2673,1082,6382,024
Other undisclosed current assets7848041,8191,6183,1112,325
Total current assets:11,69213,03713,98212,95017,19319,143
Noncurrent Assets
Operating lease, right-of-use asset1,3561,5041,5841,7031,8461,073
Property, plant and equipment453245201193140154
Intangible assets, net (including goodwill)50,38950,27250,20549,84826,09416,012
Goodwill26,45326,45326,45326,09426,09416,012
Intangible assets, net (excluding goodwill)23,93623,81923,75223,754  
Other noncurrent assets444443191752
Other undisclosed noncurrent assets     23,22726,445
Total noncurrent assets:52,24252,06552,03351,76351,32443,736
TOTAL ASSETS:63,93465,10266,01564,71368,51762,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,1096,8137,5856,0697,7197,340
Accounts payable2,8923,0873,7573,0405,0474,881
Accrued liabilities3,2173,7263,8283,0292,6722,459
Deferred revenue2,8273,6051,2232,7042,8633,586
Debt4,1974,9444,499615216216
Other undisclosed current liabilities4,6301,4973,1894,0495,7465,713
Total current liabilities:17,76316,85916,49613,43716,54416,855
Noncurrent Liabilities
Long-term debt and lease obligation11,58512,42413,0738,3408,1647,990
Long-term debt, excluding current maturities11,58512,42413,0738,3408,1647,990
Liabilities, other than long-term debt10,72810,73710,86711,75312,19514,655
Accounts payable and accrued liabilities    10,49410,9365,600
Deferred revenue    1,2591,2591,259
Other liabilities13680205   
Operating lease, liability711792873   
Business combination, contingent consideration, liability9,8819,8659,789   
Derivative instruments and hedges, liabilities      7,796
Other undisclosed noncurrent liabilities    4,7815,1774,319
Total noncurrent liabilities:22,31323,16123,94024,87425,53626,964
Total liabilities:40,07640,02040,43638,31142,08043,819
Equity
Equity, attributable to parent23,85825,08225,57926,40226,43719,060
Common stock7474218217217217
Additional paid in capital76,61876,41775,77075,26074,74168,626
Accumulated deficit(52,834)(51,409)(50,409)(49,075)(48,521)(49,783)
Total equity:23,85825,08225,57926,40226,43719,060
TOTAL LIABILITIES AND EQUITY:63,93465,10266,01564,71368,51762,879

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9,1969,94410,49011,18010,92310,757
Cost of revenue(4,898)(4,855)(5,819)(6,666)(6,261)(6,865)
Cost of goods and services sold(4,898)(4,855) (3,811)(4,610)(5,382)
Other cost of operating revenue    (2,855)(1,651)(1,483)
Gross profit:4,2985,0894,6714,5144,6623,892
Operating expenses(4,998)(5,179)(5,883)(4,798)(4,632)(4,906)
Operating income (loss):(700)(90)(1,212)(284)30(1,014)
Nonoperating income (expense)(680)(867)(89)(280)1,2853,519
Other nonoperating income (expense)12312(7)(2)(1)6
Interest and debt expense(787)(803)(2,506)(757)(750)(1,212)
Income (loss) from continuing operations before equity method investments, income taxes:(2,167)(1,760)(3,807)(1,321)5651,293
Other undisclosed income from continuing operations before income taxes7878032,5067577501,212
Income (loss) from continuing operations before income taxes:(1,380)(957)(1,301)(564)1,3152,505
Income tax expense (benefit)(45)(43)(33)10(53)(3)
Income (loss) from continuing operations:(1,425)(1,000)(1,334)(554)1,2622,502
Income (loss) before gain (loss) on sale of properties:(554)1,2622,502
Net income (loss):(1,425)(1,000)(1,334)(554)1,2622,502
Net loss attributable to noncontrolling interest      (2,502)
Other undisclosed net income attributable to parent      2,502
Net income (loss) available to common stockholders, diluted:(1,425)(1,000)(1,334)(554)1,2622,502

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(1,425)(1,000)(1,334)(554)1,2622,502
Comprehensive income (loss):(1,425)(1,000)(1,334)(554)1,2622,502
Comprehensive loss, net of tax, attributable to noncontrolling interest      (2,502)
Comprehensive income (loss), net of tax, attributable to parent:(1,425)(1,000)(1,334)(554)1,262 

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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