Creative Realities, Inc. WT EXP 110922 - CREXW STOCK NEWS

Creative Realities, Inc. (NASDAQ: CREX, CREXW) has announced a strategic partnership with Freshëns to enhance customer experiences through advanced digital signage technology at over 350 locations. This collaboration will facilitate real-time menu updates, improving order efficiency and simplifying product selection. Freshëns sought Creative Realities to modernize their digital menu boards, aimed at aligning with their commitment to fresh food. The installation of an 84" video marquee at the new FLIP Kitchen location at George Mason University showcases this technology in action, capturing attention with dynamic content. Creative Realities’ Clarity™ software provides ease of updates and customization, strengthening Freshëns' brand image and operational efficiency, further promoting their healthy dining mission.

Creative Realities (NASDAQ: CREX, CREXW) has successfully implemented a new digital signage solution at Road Runner Sports, enhancing the customer experience and increasing sales associate efficiency. The innovations include a Name in Lights feature that celebrates VIP customers and a digital queue tracker that allows associates to focus more on these clients. Following its deployment in 15 locations, the program aims to roll out across all US stores. The partnership leverages cutting-edge technology to recognize loyal customers, which has positively impacted brand loyalty and in-store experiences, marking a significant move in retail and sportswear.

Creative Realities, Inc. (NASDAQ: CREX, CREXW) announced a significant new agreement to deploy infrastructure solutions for up to 5,000 digital media assets for Starlite Media at outdoor shopping centers across the U.S. This project follows Starlite Media's existing network of over 6,000 media assets in top U.S. markets. The strategic partnership, valued at around $2 million for the initial deployment, is expected to generate an additional backlog of approximately $50 million. CEO Rick Mills emphasized the potential of on-premise digital media and the company's capability to serve large enterprise customers. The announcement follows a trend of strategic growth and increased revenue opportunities in the digital signage sector, particularly in retail and digital-out-of-home advertising.

Creative Realities, Inc. (NASDAQ: CREX, CREXW) has confirmed its compliance with the Nasdaq Minimum Bid Price Requirement after receiving a notification from Nasdaq stating that the company's closing bid price has been at least $1.00 per share for the last 10 consecutive business days, from March 27 to April 10, 2023. Previously, in October 2022, the Company was notified that it had fallen below this requirement. The recent announcement indicates that the matter is now resolved, allowing the Company to focus on its business operations without concerns about potential delisting.

Creative Realities specializes in digital signage and media solutions aimed at enhancing customer experiences and improving productivity across various sectors, including retail and foodservice.

Creative Realities, Inc. (CREX, CREXW) announced a significant contract to deploy a digital-out-of-home (DOOH) advertising network across 1,000 locations in the U.S., valued at up to $46 million. This project is supported by the customer’s private equity funding over an 18-month installation period. The contract positions CRI for substantial organic growth and contributes to a revised revenue guidance of $60 million for 2023. The company’s backlog now exceeds $110 million following this agreement. CRI continues to enhance its market position, showcasing technical expertise and enterprise-scale capabilities in digital signage and media solutions.

Creative Realities (NASDAQ: CREX, CREXW) announced record Q4 2022 revenue of $10.5 million, a 94% increase year-over-year, contributing to a FY2022 revenue of $43.3 million, up 41%. The company achieved an Adjusted EBITDA of $3.8 million for the year, a remarkable 215% jump from 2021. Additionally, annual recurring revenue reached $14.8 million. For 2023, the revenue guidance increased to exceed $60 million, with a backlog revenue projected up to $110 million. The company underlines its robust growth from client acquisitions and strategic initiatives.

Creative Realities, Inc. (NASDAQ: CREX, CREXW) announced significant updates for shareholders ahead of its earnings call on March 30, 2023. The Company's Special Committee has rejected an acquisition offer from Pegasus Capital Advisors, deeming it undervalued. Additionally, CRI confirmed that it exceeded its revenue target of $43 million for 2022 and plans to raise its revenue guidance for 2023. The upcoming earnings call will also address the success of CRI's digital drive-thru product and its growth strategy following the acquisition of Reflect Systems, extending its SaaS offerings. The company emphasizes ongoing value creation for shareholders.

Creative Realities, Inc. (NASDAQ: CREX, CREXW) announced a one-for-three reverse stock split effective March 27, 2023, to comply with Nasdaq's minimum bid price requirement. Every three shares will be combined into one, reducing authorized shares from 200 million to 66.67 million. This split aims to help maintain the company's Nasdaq listing and will not change shareholders' equity percentages, aside from fractional shares being rounded up. Share certificates will be exchanged through Computershare, the transfer agent. The company provides digital signage solutions and has expanded its offerings following the acquisition of Reflect Systems, Inc., focusing on SaaS revenue growth.