Creatd jumps on strong revenue forecast

Creatd

16/11/2021 12:46

** Shares of tech company Creatd Inc  CRTD.O  up 14.4%
pre-market at $3.6 
    ** Co reports Q3 revenue of $1.18 mln, a three-fold increase
from the previous year; reaffirms its FY21 revenue guidance of
between $4.5 mln and $4.7 mln  urn:newsml:reuters.com:*:nPn8X41Dma
    ** Sees FY22 revenue between $10 mln to $15 mln
    ** Reports Q3 loss per share of 71 cents
    ** "We continue to experience double digit quarterly growth,
as we have for five out of our last six quarters and we have
completed our second agency acquisition" - founder and co-CEO
Jeremy Frommer
    ** As of Monday's closing price, stock trades around 1.6%
above its 50-day moving average of $3.08
    ** Stock has lost 24.8% YTD

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))