Overview

* Creative Realities ( CREX ) 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/Mis Actual Consensu

s s

Estimate

Q3 Miss $10.5 $13.70

Revenue mln mln (4

Analysts

)

Q3 EPS -$0.75

Q3 $800,000

Adjusted

EBITDA

Q3 ARR $12.30

mln

Q3 Gross $4.78

Profit 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 ( CREX ) 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:

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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.)