CREATIVE REALITIES INC

For the period ended Dec 31, 2023. Filed Mar 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 21, 2024

CREX$2.16+6.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	For the Years Ended
	December 31,
	2023	2022
Sales
Hardware	$20,303	$19,895
Services and other	24,863	23,455
Total sales	45,166	43,350
Cost of sales
Hardware	15,280	16,613
Services and other	7,703	8,998
Total cost of sales	22,983	25,611
Gross profit	22,183	17,739
Operating expenses:
Sales and marketing	5,247	3,651
Research and development	1,574	1,251
General and administrative	10,795	11,892
Depreciation and amortization	3,221	2,833
Deal and transaction costs	-	592
Total operating expenses	20,837	20,219
Operating income (loss)	1,346	(2,480)
Other expense (income):
Interest expense, including amortization of debt discount	2,992	2,743
Change in fair value of contingent consideration	1,419	(1,074)
Change in fair value of warrant liability	-	(7,902)
Loss on debt waiver consent	-	1,212
Loss on warrant amendment	-	345
Loss on settlement of obligations	-	237
Other expenses (income), net	(211)	4
Total other expense (income)	4,200	(4,435)
Net (loss) income before income taxes	(2,854)	1,955
Income tax expense	(83)	(79)
Net (loss) income	$(2,937)	$1,876
Net (loss) income per common share - basic	$(0.35)	$0.28
Net (loss) income per common share - diluted	$(0.35)	$0.28
Weighted average shares outstanding - basic	8,479	6,664
Weighted average shares outstanding - diluted	8,479	6,664

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.