Creative Realities, Inc. (CREX) is engaged in designing, developing, and deployment of customer experience for enterprise-level platforms. The company is the provider of SaaS across markets including automotive, apparel, food service, theater, and many others.
The price of CREX stock during the early trading on February 1, 2022, was last checked to be $1.68 with a 17.40% incline.
CREX: Events and Happenings
On February 1, 2022, CREX and Reflect Systems, Inc. co-reported their major plan for the deployment of digital experience at multiple localities. The total value of the project is approximately $10 million.
CREX: CEO Comments
Speaking at the occasion, CREX CEO Rick Mills stated that the merger project will serve as the basis of the strongest platform in the industry. He further added that this announcement has sent the company’s consumers a new and exciting portfolio that they want to consider.
On November 17, 2021, CREX reported about the expansion of its partnership with a leading international automotive production Canadian company. The company had been granted additional 440 dealerships by the Canadian giant company. The deployment will complete in Q2 2022.
On November 12, 2021, CREX reported along with Reflect Systems, Inc. about their definitive combination contract. The merger operated under the name and ticker of Creative Realities.
CREX: Key Financials
On November 15, 2021, CREX announced its financial results for the three months ended September 30, 2021. Some of the key points are as follows.
Revenue and Assets
Total revenue recorded in Q3 2021 was $4.8 million. The revenue decreased over the period of year by $0.4 million or 7%.
Net Loss
Net loss in Q3 2021 was $0.3 million compared to $0.6 million in the same period of 2020. The net loss declined by 41% over the year.
Conclusion
CREX Stock outperformed by 17% from the past month. The current early trading increase in stock price is the likely consequence of its multi-million-dollar retail project with a leading company. The financial experts are praising the company for its strong investor-centric policies.
