Creatd (CRTD) Misses Q3 EPS by $2.54, Revenues Miss

Creatd (NASDAQ: CRTD) reported Q3 EPS of ($3.20), $2.54 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $424.81 thousand versus the consensus estimate of $430 thousand.

Commenting on the third quarter, Jeremy Frommer, Creatd's founder and CEO, said, \"Just under four years ago, in December 2016, we launched our proprietary platform Vocal, with less than 1,000 beta creators and six owned and operated digital communities. Our goal was to create a best-in-class technology platform that made it easy for creators of all types to share their stories and their experiences, get discovered, and be rewarded for their passions. Core to Vocal's design are its storytelling tools. With its unparalleled editor, the creator has the ability to integrate already-published rich media such as videos, songs, and podcasts to reach niche communities and engage with their ideal audiences."

Frommer continued, "Fast forward to today, we have been able to onboard over 800,000 freemium creators who have collectively published over 150 million words on Vocal, and attract nearly 10 million visitors monthly. These accomplishments were achieved with comparatively few development and marketing resources, compared to other privately funded creator platforms. Now, with a significantly strengthened balance sheet, enhanced visibility from our listing on the Nasdaq Capital Market, and the collaboration of a powerful support network, we believe Creatd is prepared to scale revenues and that our Vocal platform is the driving force that will deliver profitability during fiscal year 2021."

For earnings history and earnings-related data on Creatd (CRTD) click here.

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