{"id":454253,"date":"2021-03-09T16:33:23","date_gmt":"2021-03-09T21:33:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454253"},"modified":"2021-03-09T16:33:23","modified_gmt":"2021-03-09T21:33:23","slug":"creative-realities-reports-fourth-quarter-and-full-year-2020-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/creative-realities-reports-fourth-quarter-and-full-year-2020-results\/","title":{"rendered":"Creative Realities Reports Fourth Quarter and Full Year 2020 Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n LOUISVILLE, Ky.<\/span>, March 9, 2021<\/span> \/PRNewswire\/ — Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX, CREXW), a leading provider of digital marketing solutions, announced its financial results for the year ended December 31, 2020<\/span>, including the quarter ended as of the same date.<\/p>\n

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\n Rick Mills<\/span>, Chief Executive Officer, commented “CRI’s fourth quarter results generated positive EBITDA, build upon the successful stabilization of our business during the third quarter of 2020, and evidence the continued momentum towards a return to sustained growth as we and our customers begin to exit the ongoing COVID-19 pandemic. We believe that our implementation of cost control measures and expansion of our business into the Safe Space Solutions marketplace set CRI on a path for return to expansion in 2021 and beyond.”<\/p>\n

“During the fourth quarter a resurgence in COVID-19 cases again put pressure on our customers as anticipated re-openings were again delayed; however, as we move through the first quarter of 2021, we experienced a reawakening of many current and potential customers of our digital signage solutions, with a renewed focus on integrating digital technologies into the patron experience as the U.S. prepares for reopening and the easing of government restrictions. We expect that the second half of 2021 will present significant opportunities for CRI as a result of our ability to strengthen the Company’s market perception and competitive position during the COVID-19 pandemic, and significantly improve our balance sheet through activities executed in the first quarter of 2021.” <\/p>\n

Mr. Mills continued, “We believe CRI’s suite of Safe Space Solutions product offerings are a clear market leader, and we see continued opportunities for growth for this product line in 2021. The expansion of capabilities we worked to develop alongside our partner InReality have expanded the use cases for these products beyond temperature taking and have generated demand that we believe can be sustained beyond the COVID-19 pandemic.”<\/p>\n

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\n 2020 Financial Overview<\/u>
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\n Revenue, gross profit, and gross margin:<\/i>\n <\/p>\n