Creative Realities, Inc. Announces Revenue Results for the Third Quarter and Nine Months Ended September 30, 2016; Reaffirms Earnings Guidance for the Fourth Quarter Ending December 31, 2016 and Fourth Quarter of 2017
November 22, 2016 at 08:00 am EST
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Creative Realities, Inc. announced revenue results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenues were $2.7, a decrease of 20% compared to the same period in 2015.
For the nine months, the company's revenues were $8.2 million, essentially unchanged from the corresponding period in 2015.
The company is reaffirming its financial guidance. The company's fourth quarter of 2016 preliminary financial guidance is: for the three-month period ending December 31, 2016 compared to the same period in 2015, the company anticipates: revenue growth between 60% and 80%; gross profit growth between 250% and 300%; and, gross margin to increase from 30% to over 50% of revenue.
For the fourth quarter of 2017, the company expects revenue will increase 70% organically (that is, excluding acquisitions) year-over-year.
Creative Realities, Inc. provides digital signage and media solutions to enhance communications in a variety of out-of-home environments, key market segments and use cases, including retail, entertainment and sports venues, restaurants, including quick-serve restaurants (QSR), convenience stores, financial services, automotive, medical and healthcare facilities, mixed use developments, corporate communications, employee experience and digital out of home (DOOH) advertising networks. Its platforms include ReflectView, Reflect Xperience, Reflect AdLogic, Clarity, Reflect Zero Touch, iShowroomProX and OSx+. Reflect Xperience is a web-based interface that allows customers to give content scheduling access to local users via the web or mobile devices, while still maintaining centralized programming control. Its technology and solutions include Digital Merchandising Systems, Digital Sales Assistants, Digital Way-Finders, Digital Kiosks, Digital Menu-Board Systems and Dynamic Digital Signage.
Creative Realities, Inc. Announces Revenue Results for the Third Quarter and Nine Months Ended September 30, 2016; Reaffirms Earnings Guidance for the Fourth Quarter Ending December 31, 2016 and Fourth Quarter of 2017