Overview
Creative Realities Q3 revenue of $10.5 mln missed analyst expectations
Company reports Q3 net loss of $7.8 mln, compared to net income last year
Acquisition of Cineplex Digital Media for $42.7 mln completed post-Q3
Outlook
Company plans to update shareholders on integration progress and future outlook during earnings call
Result Drivers
ORDER DELAY - Revenue negatively impacted by $2 mln order slipping into Q4
SOFTWARE IMPAIRMENT - $5.7 mln non-cash software impairment charge due to wind down of Stellantis engagement
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$10.5 mln
$13.70 mln (4 Analysts)
Q3 EPS
-$0.75
Q3 Adjusted EBITDA
$800,000
Q3 ARR
$12.30 mln
Q3 Gross Profit
$4.78 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Creative Realities Inc is $7.63, about 63.4% above its November 11 closing price of $2.79
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nGNX2NbdSJ
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)