Creative Realities: Set for over 6-month low on disappointing quarter

Creative Realities

13/11/2020 12:30

** Marketing technology co's shares  CREX.O  slip 16.5% to
$0.86 premarket 
    ** Co posts Q3 net loss of $0.58 mln, vs Refinitiv est for
loss of $0.34 mln; Revenue of $5.1 mln also misses expectations
of $6.5 mln  urn:newsml:reuters.com:*:nASA01ECO
    ** CREX falls short of EPS and revenue est for the third
straight quarter as sharp declines in services and other
revenue, driven by pandemic-led customer closures, offset 40%
increase in hardware revenue  urn:newsml:reuters.com:*:nPn92B2l7a
    ** Stock set to open at its lowest level since April 27; On
track for worst session since Aug 14, if losses hold
    ** As of last close, stock down 32.7% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))