Creative Realities Reports Third Quarter 2020 Results

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Go back to Creative Realities Reports Third Quarter 2020 Results

Creative Realities Inc. (CREX) Reports Q3 Revenues Miss

November 12, 2020 5:06 PM EST

Creative Realities Inc. (NASDAQ: CREX) reported Q3 revenue for the quarter came in at $5.1 million versus the consensus estimate of $6.5 million.

Third Quarter Financial Update

Revenue, gross profit, and gross margin:

Revenues were $5.1 million for the three months ended September 30, 2020, a decrease of $1.6 million, or 24%, as compared to the same period in 2019.Hardware revenues were $2.8 million for the three months ended September 30, 2020, an increase of $0.8 million, or 40%, as compared to the same quarter in the prior year, driven by the introduction of the Thermal Mirror product which generated approximately $1.8... More