Creative Realities Reports First Quarter 2020 Results
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Creative Realities Inc. (CREX) Reports Q1 Revenues Miss
May 14, 2020 5:30 PM EDTCreative Realities Inc. (NASDAQ: CREX) reported Q1 revenue for the quarter came in at $3.7 million versus the consensus estimate of $5.5 million.
2020 First Quarter Financial Overview
Revenues were $3.7 million for the quarter ended March 31, 2020, a decrease of $5.8 million, or 61%, compared to the same period in 2019.Hardware revenue decreased approximately $0.3 million, or 17%, in the quarter ended March 31, 2020 as compared to the same quarter in the prior year. Gross margin on hardware revenue was 28% in 1Q2020 as compared to 14% in 1Q2019.Services and other revenue decreased approximately $5.5 million, or 70%, in the... More