$CREX
CREATIVE REALITIES, INC.

2024 Q4 Form 10-Q Financial Statement

#000143774924034670 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $14.44M
YoY Change 24.84%
Cost Of Revenue $7.853M
YoY Change 25.35%
Gross Profit $6.589M
YoY Change 24.25%
Gross Profit Margin 45.62%
Selling, General & Admin $5.453M
YoY Change 38.65%
% of Gross Profit 82.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.132M
YoY Change 39.24%
% of Gross Profit 17.18%
Operating Expenses $5.453M
YoY Change 6.03%
Operating Profit $1.136M
YoY Change 610.0%
Interest Expense -$901.0K
YoY Change -222.75%
% of Operating Profit -79.31%
Other Income/Expense, Net -$890.0K
YoY Change -57.74%
Pretax Income $246.0K
YoY Change -112.64%
Income Tax $192.0K
% Of Pretax Income 78.05%
Net Earnings $54.00K
YoY Change -102.8%
Net Earnings / Revenue 0.37%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 10.45M 10.45M
Diluted Shares Outstanding 10.63M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $868.0K
YoY Change -89.64%
Cash & Equivalents $868.0K
Short-Term Investments
Other Short-Term Assets $743.0K
YoY Change -22.6%
Inventory $3.054M
Prepaid Expenses
Receivables $11.30M
Other Receivables $0.00
Total Short-Term Assets $15.97M
YoY Change -8.81%
LONG-TERM ASSETS
Property, Plant & Equipment $369.0K
YoY Change -28.07%
Goodwill $26.45M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $355.0K
YoY Change 725.58%
Total Long-Term Assets $51.60M
YoY Change -1.12%
TOTAL ASSETS
Total Short-Term Assets $15.97M
Total Long-Term Assets $51.60M
Total Assets $67.56M
YoY Change -3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.446M
YoY Change 92.99%
Accrued Expenses $3.649M
YoY Change -18.89%
Deferred Revenue $2.769M
YoY Change -21.04%
Short-Term Debt $10.79M
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $27.52M
YoY Change 39.94%
LONG-TERM LIABILITIES
Long-Term Debt $10.71M
YoY Change 1.29%
Other Long-Term Liabilities $309.0K
YoY Change 76.57%
Total Long-Term Liabilities $11.02M
YoY Change 2.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.52M
Total Long-Term Liabilities $11.02M
Total Liabilities $39.27M
YoY Change -7.14%
SHAREHOLDERS EQUITY
Retained Earnings -$54.02M
YoY Change -1.37%
Common Stock $104.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.29M
YoY Change
Total Liabilities & Shareholders Equity $67.56M
YoY Change -3.05%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $54.00K
YoY Change -102.8%
Depreciation, Depletion And Amortization $1.132M
YoY Change 39.24%
Cash From Operating Activities $544.0K
YoY Change -72.33%
INVESTING ACTIVITIES
Capital Expenditures $807.0K
YoY Change -13.97%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$807.0K
YoY Change -13.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.955M
YoY Change -172.34%
NET CHANGE
Cash From Operating Activities 544.0K
Cash From Investing Activities -807.0K
Cash From Financing Activities -2.955M
Net Change In Cash -3.218M
YoY Change -162.94%
FREE CASH FLOW
Cash From Operating Activities $544.0K
Capital Expenditures $807.0K
Free Cash Flow -$263.0K
YoY Change -125.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
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CREATIVE REALITIES, INC.
dei Entity Central Index Key
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dei Security12b Title
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dei Trading Symbol
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us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2293000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2851000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2302000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3138000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5454000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
21854000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10875000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
-0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
289000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
15147000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3865000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
33000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
14000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4490000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1575000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2042000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6743000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2910000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1633000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
868000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8376000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
28237000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
54000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
28294000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
28831000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
124000 usd
us-gaap Net Income Loss
NetIncomeLoss
-670000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
28294000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
23858000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5454000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1931000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
27403000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
25579000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
139000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5454000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4356000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
27403000 usd
CY2024Q3 crex Working Capital
WorkingCapital
11552000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1136000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1652000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4750000 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
10794000 usd
CY2024Q3 crex Line Of Credit Facility Contingent Consideration Reserve Value
LineOfCreditFacilityContingentConsiderationReserveValue
4000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
701000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
984000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
186000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
318000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
228000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
886000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1074000 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2020000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2063000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1034000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
504000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
3054000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2567000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6219244
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7391651
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3363741
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7391651
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i><em style="font: inherit;">10.</em> Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Our significant estimates include: valuation of the contingent consideration, allowance for credit losses, valuation allowances related to deferred taxes, the fair value of acquired assets and liabilities, the fair value of liabilities reliant upon the appraised fair value of the Company, valuation of stock-based compensation awards and other assumptions and estimates used to evaluate the recoverability of long-lived assets, goodwill and other intangible assets and the related amortization methods and periods. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q4 crex Business Acquisition Extension Option Minimum Extension Threshold Price Increase In Price
BusinessAcquisitionExtensionOptionMinimumExtensionThresholdPriceIncreaseInPrice
1
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14442000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11568000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39842000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
30708000 usd
crex Capitalized Software In Accounts Payable
CapitalizedSoftwareInAccountsPayable
114000 usd
crex Capitalized Software In Accounts Payable
CapitalizedSoftwareInAccountsPayable
211000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
154000 usd
crex Capitalized Deferred Financing Costsin Accounts Payable
CapitalizedDeferredFinancingCostsinAccountsPayable
17000 usd
crex Capitalized Deferred Financing Costsin Accounts Payable
CapitalizedDeferredFinancingCostsinAccountsPayable
0 usd
us-gaap Interest Paid Net
InterestPaidNet
933000 usd
us-gaap Interest Paid Net
InterestPaidNet
1303000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
442000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
566000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
46000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
35640000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12121000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
33464000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9402000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12121000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9402000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23519000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24062000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1081000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
766000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2749000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2274000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10979000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
15147000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
269000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1628000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
10710000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
13519000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3690000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10710000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9829000 usd
CY2024Q3 crex Floating Margin At Less Than11 Senior Funded Debt To Ebitda Ratio
FloatingMarginAtLessThan11SeniorFundedDebtToEbitdaRatio
0.02 pure
CY2024Q3 crex Floating Margin At Greater Or Equal To11 But Less Than21 Senior Funded Debt To Ebitda Ratio
FloatingMarginAtGreaterOrEqualTo11ButLessThan21SeniorFundedDebtToEbitdaRatio
0.025 pure
CY2024Q3 crex Floating Margin At Greater Or Equal To21 But Less Than31 Senior Funded Debt To Ebitda Ratio
FloatingMarginAtGreaterOrEqualTo21ButLessThan31SeniorFundedDebtToEbitdaRatio
0.03 pure
CY2024Q3 crex Floating Margin At Greater Or Equal To31 Senior Funded Debt To Ebitda Ratio
FloatingMarginAtGreaterOrEqualTo31SeniorFundedDebtToEbitdaRatio
0.035 pure
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
226000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
229000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
73000 usd
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4587002
crex Class Of Warrant Or Right Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightWeightedAverageRemainingContractualTerm
P3Y4M9D
CY2023 crex Class Of Warrant Or Right Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightWeightedAverageRemainingContractualTerm
P4Y1M9D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M9D

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