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Creative Realities announces 2Q18 financial resultsLOUISVILLE, Ky., Aug. 14, 2018 /PRNewswire/ -- Creative Realities, Inc. ("Creative Realities," "CRI," or the "Company") (OTCQX: CREX), a leading provider of digital marketing solutions, announced its financial results for the quarter ended June 30, 2018. Rick Mills, Chief Executive Officer, remarked, "CRI achieved revenue of approximately $7.2 million in the second quarter of 2018, in line with our second quarter budget. This revenue growth resulted in our business achieving breakeven profitability from operations for the three months ended June 30, 2018 and generated positive EBITDA of $475 thousand. We remain focused on controlling costs as we grow revenues. We have stated previously that our goal is to achieve scale and to maintain profitability moving forward. We expect to further build upon this momentum throughout 2018." 2018 Second Quarter Financial Overview
2018 Financial Guidance The Company is providing further clarity regarding its 2018 financial guidance previously provided in connection with our FY2017 earnings release as follows:
Conference Call Details The Company will host a conference call to review the results and provide additional commentary about the Company's recent performance, which is scheduled for Wednesday, August 15, 2018 at 9:00 am Eastern Time. Prior to the call, participants should register at bit.ly/criearnings2018Q2. Once registered, participants can use the weblink provided in the registration email to dial-in by phone or use your computer to listen to the live webcast. Following the live webcast, a replay will be available approximately two hours after the webcast on our website at www.cri.com for at least 30 days. About Creative Realities, Inc. Cautionary Note on Forward-Looking Statements These forward-looking statements may reflect management's present expectations and estimates regarding future expenses, revenue and profitability, trends affecting our financial condition and results of operations, operating efficiencies, revenue opportunities, potential new markets, and the ability of the Company to effectively compete in a highly competitive market. Nevertheless, and despite the fact that management's expectations and estimates are based on assumptions management believes to be reasonable and data management believes to be reliable, the Company's actual results, performance, or achievements are subject to future risks and uncertainties, any of which could materially affect the Company's actual performance. Risks and uncertainties that could affect such performance include, but are not limited to: the adequacy of funds for future operations; future expenses, revenue and profitability; trends affecting financial condition and results of operations; ability to convert proposals into customer orders; the ability of customers to pay for products and services; the impact of changing customer requirements upon revenue recognition; customer cancellations; the availability and terms of additional capital; ability to develop new products; dependence on key suppliers, manufacturers and strategic partners; industry trends and the competitive environment; the impact of the Company's financial condition upon customer and prospective customer relationships; and the impact of losing one or more senior executives or failing to attract additional key personnel. These and other risk factors are discussed in Company reports filed with the Securities and Exchange Commission. Given these uncertainties, and the fact that forward-looking statements represent management's estimates and assumption as of the date of this press release, you should not attribute undue certainty to these forward-looking statements. We assume no obligation to update any forward-looking statements publicly, or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements contained in this press release, even if new information becomes available in the future. View original content:http://www.prnewswire.com/news-releases/creative-realities-announces-2q18-financial-results-300697152.html SOURCE Creative Realities, Inc. |