Creative Realities Inc. (CREX) shares soared 25.34% in after-hours on Friday, November 12, 2021, and closed the weekly trading at $1.83. However, in the regular trading session of Friday, CREX’s stock lost 2.01%. CREX shares have risen 41.75% over the last 12 months, and they have moved down 7.01% in the past week. Over the past three months, the stock has lost 9.60%, while over the past six months, it has jumped 21.67%.
Let’s have a look at its recent news and developments.
CREX and Reflect Merger
On November 12, 2021, Creative Realities, Inc. (CREX) and Reflect Systems, Inc. (Reflect) announced that the companies have executed a definitive merger agreement. The combined company will operate under the Creative Realities, Inc. name and continue to be listed on NASDAQ as CREX.
Rick Mills, CRI’s CEO, who will continue to act as CEO for the combined company, said that this is an ideal combination.
CREX upcoming financial results announcement
Creative Realities, Inc. (CREXW) will release its financial results for the three and nine months ended on September 30, 2021, after the market closes on Monday, November 15, 2021.
CREX Q2 financial results
On August 16, 2021, Creative Realities, Inc. (CREX, CREXW), announced its financial results for the three- and six months ended June 30, 2021.
Q2 2021 financial highlights
- CREX reported total revenue of $3.3 million in Q2 2021 compared to $2.9 million in Q2 2020.
- It earned a net income of $1.0 million in Q2 2021compared to a net loss of $2.5 million in 2020.
- EBITDA was $1.9 million in Q2 2021 compared to an EBITDA loss of $1.7 million in Q2 2020.
- Adjusted EBITDA was $0.3 million in Q2 2021, compared to an Adjusted EBITDA loss of $1.1 million in Q2 2020.
Conclusion
The recent merger announcement was the reason behind its massive surge in the after-hours on Friday and we expect it to continue its momentum after the weekend as well.
