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Creative Realities, Inc. (NASDAQ: CREX) is a creative technology company that specializes in designing, developing, and deploying marketing technology experiences. With a focus on digital marketing technology and solutions, the company transforms the consumer and shopper journey into intelligent, responsive, and immersive experiences.
Creative Realities operates in one reportable segment: marketing technology solutions. It caters to global retail companies, luxury brands, advertising networks, outdoor clients, enterprises, and other organizations. The company offers a suite of solutions, including digital merchandising systems, omnichannel customer engagement systems, interactive digital shopping assistants, advisors and kiosks, and high-end audio-visual networks.
In the realm of marketing technologies, Creative Realities provides services in mobile, social media, point-of-sale transactions, beaconing, and web-based media. It has developed thousands of digital solutions that inspire and enhance customer experiences. The company's flagship products, ClarityHub™, ReflectView™, and AdLogic™, are designed specifically for the food service, retail, and media network segments, providing robust, scalable, and reliable cloud-based solutions.
Creative Realities has reported record revenue, gross profit, and adjusted EBITDA for the fiscal year ended December 31, 2023, showcasing strong financial growth. The company's recent initiatives include deployment services to EMEA integrators in North America, aiming to capitalize on key verticals such as Retail, Convenience Stores, and Food Service/Restaurant Segments.
The company is also well-positioned as a go-to resource for large-scale deployments in North America, offering project management, procurement, installation services, and ongoing support, including content creation. Creative Realities was recognized as one of the fastest-growing digital signage software platforms in 2023 by Invidis Consulting, with 275,000 active licenses and a growth rate surpassing the market average.
With a mission to use omnichannel technologies to inspire better customer experiences, Creative Realities continues to innovate and expand its offerings across diverse vertical markets. The company remains committed to providing enterprise-level networks with recurring SaaS and support services, ensuring effective and engaging digital marketing solutions.
Creative Realities (NASDAQ: CREX) announces expansion into live venue and IPTV verticals, following 18 months of success in sports and entertainment. The company appointed Michael Baez as VP of IPTV Business Development to lead this initiative, bringing over a decade of IPTV industry experience from Uniguest.
The expansion targets new markets including convention centers, transit hubs, casinos, hospitality, and corporate communications, building on successful projects with major sports clients like the San Antonio Spurs, Memphis Grizzlies, Boston Celtics, and Dallas Cowboys.
The company differentiates itself through comprehensive end-to-end solutions, including robust 'Day 2' support via in-house engineering teams, eliminating third-party vendor reliance. CREX leverages partnerships with Samsung and LG for competitive hardware pricing and offers strategic content creation and monetization plans to maximize client ROI.
Creative Realities (NASDAQ: CREX) has launched AdLogic CPM+, a comprehensive campaign planning and management platform designed for in-store retail media networks. The platform integrates with CRI's existing AdLogic ad-serving platform and CMS systems, including ReflectView, offering a unified solution for managing digital advertising campaigns.
The new platform features dynamic campaign management, advanced targeting capabilities, private marketplaces, and resident DSP/SSP functionality. It aims to reduce operational complexity and costs by eliminating the need for external ad-serving tools and third-party intermediaries. Key benefits include real-time reporting, location-based targeting, and streamlined workflow automation.
For publishers, AdLogic CPM+ enables direct connection with buyers through private marketplaces, potentially reclaiming revenue previously lost to third-party intermediaries. Advertisers benefit from undiluted inventory access, leading to improved campaign exposure and targeting precision.
Creative Realities (NASDAQ: CREX) announced that CFO Will Logan will resign effective January 31st, 2025, to join Rough Country as Chief Financial Officer. Logan will continue serving as a Strategic Advisor through 2025. During his tenure since November 2017, Logan coordinated the company's NASDAQ uplisting and acquisitions of Allure Global Solutions (2018) and Reflect Systems (2022).
Current Controller Ryan Mudd, who has been with CRI for two years and previously worked with Logan at Ernst & Young LLP, will serve as Interim Chief Financial Officer. Mudd recently led the implementation of the company's NetSuite ERP system. The company is currently evaluating both internal and external candidates for the permanent CFO position.
Creative Realities (NASDAQ: CREX) announces significant momentum of its Clarity™ digital menu board CMS platform, designed for food and beverage brands. The platform enables QSR and fast-casual chains to manage menus, update pricing, and integrate with POS systems across thousands of locations. Notable adopters include 7 Brew, a drive-thru coffee concept, and Steele Brands, parent of Crisp & Green and PURALIMA. The platform facilitates regional pricing adjustments, -Time Offers (LTOs), and seasonal promotions while maintaining brand consistency. Clarity's scalable architecture supports rapid franchise expansion and helps optimize content for maximum impact.
Creative Realities (NASDAQ: CREX) reported strong Q3 2024 results with record revenue of $14.4 million, up 25% year-over-year. Gross profit increased 25% to $6.6 million, while Adjusted EBITDA rose 122% to $2.3 million. The company achieved breakeven net income, improving by $1.9 million compared to Q3 2023. Annual recurring revenue reached $18.1 million. Despite projecting a revenue shortfall against Q4 2024 forecasts due to delayed project deployments, management expects 2024 to be the company's best year in terms of revenue and profitability.
Creative Realities (NASDAQ: CREX), a digital signage and media solutions provider, has announced its participation in the 15th Annual Craig-Hallum Alpha Select Conference. The event will take place at the Sheraton NY Times Square Hotel on Tuesday, November 19. The conference format will focus on one-on-one meetings between company management and institutional investors, who can arrange meetings through Craig-Hallum.
Creative Realities (NASDAQ: CREX), a digital signage and media solutions provider, has scheduled its Q3 2024 earnings release for November 13, 2024, before market open. The company will host a conference call at 9:00 am Eastern Time on the same day, featuring prepared remarks from CEO Rick Mills and CFO Will Logan, followed by a Q&A session. The earnings call will cover financial results for the three and nine months ended September 30, 2024. Participants must pre-register for the webcast, and an archived version will be available on the company's website for one year.
Creative Realities (NASDAQ: CREX), a digital signage and media solutions provider, has been named a Top Workplace in Greater Louisville based on the Energage Workplace Survey conducted through the Louisville-Courier. The company excelled in three key areas: employee motivation, workplace referral, and loyalty. The recognition stems from direct feedback from the Louisville headquarters team.
The assessment utilized the Energage Workplace Survey, a research-backed tool measuring workplace engagement and culture, built on 18 years of employee feedback. CEO Rick Mills highlighted this achievement as a reflection of their talented team and core values. VP Human Resources Paulina Romon emphasized how this recognition helps attract and retain top talent while fostering an engaging workplace culture.
Creative Realities, Inc. (NASDAQ: CREX), a leading digital signage solutions provider, will present at the 17th annual LD Micro Main Event on October 29th at 11:30 AM PT at the Luxe Sunset Boulevard Hotel in Los Angeles. CEO Rick Mills will represent the company and participate in 1x1 meetings with investors.
The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments. It begins with registration at 3:00 PM PT on the 28th, followed by keynotes and a happy hour. Presentations will run from 8:00 AM to 5:00 PM PT on the 29th and 30th.
Chris Lahiji, LD Micro's Founder, emphasized the event's significance for the industry and its role in shaping the future of small and micro-cap companies. Interested parties can register to watch Creative Realities' virtual presentation online.
Creative Realities, Inc. (NASDAQ: CREX, CREXW) announces key initiatives for the 2024-2025 sports season, supporting nearly a dozen venues across NFL, NHL, and NBA. The company is delivering a mix of new deployments and upgrades, ranging from IT network readiness to digital menu board solutions. Creative Realities is collaborating with major service providers to implement dynamic pricing and content strategies, optimizing offerings and improving menu performance.
The company is also involved in visual merchandising efforts, integrating digital displays into stores to drive team merchandise sales. Despite tight timelines, Creative Realities has consistently met delivery schedules across multiple large-scale projects. The company plans to expand its initiatives into MLS and MLB venues, as well as non-sports verticals such as corporate communications, hospitals, casinos, and resort properties, leveraging its IPTV solutions and cloud-based services for recurring revenue opportunities.
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