CREATIVE REALITIES (CREX) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for CREATIVE REALITIES.

Analyst Coverage

Research analysts who have asked questions during CREATIVE REALITIES earnings calls.

Howard Halpern

Taglich Brothers

4 questions for CREX

Also covers: AIRI, BGSF, BLIN +5 more

Brian Kinstlinger

Alliance Global Partners

3 questions for CREX

Also covers: AI, ALAR, ATER +24 more

Ben Howard

Pivotal Group

1 question for CREX

Cal Bartyzal

Craig-Hallum Capital Group LLC

1 question for CREX

Also covers: CDLX, DSP, PRCH +5 more

Jason Kreyer

Craig-Hallum Capital Group LLC

1 question for CREX

Also covers: CDLX, DSP, EVER +15 more

John Heckmann

Ladenburg Thalmann

1 question for CREX

Jon Hickman

Ladenburg Thalmann

1 question for CREX

Also covers: BLDE, BYRN, CLSK +9 more

Laurence Lytton

Second Line Capital

1 question for CREX

Latest news

Recent press releases and 8-K filings for CREX.

Creative Realities Completes Cineplex Digital Media Acquisition and Reports Q3 2025 Results

CREX

M&A

Guidance Update

Convertible Preferred Issuance

Creative Realities (CRI) completed the acquisition of Cineplex Digital Media (CDM) on November 7, 2025, for approximately $50 million US. This acquisition is expected to double the company's size and accelerate growth.
For Q3 2025, CRI reported revenue of $10.5 million and adjusted EBITDA of $0.8 million. A $2 million order slipped from Q3 into Q4, negatively impacting results.
The CDM acquisition was financed through a combination of debt and preferred equity, including a $36 million senior-term loan and $30 million of convertible preferred equity. As of November 7, 2025, total debt stood at $39.9 million.
The combined company anticipates total revenue to exceed $100 million in 2026, with adjusted EBITDA margins in the high teens, expected to exceed 20% once at least $10 million in annualized synergies are realized by the end of 2026. The combined annual recurring run rate (ARR) plus ad revenue is projected to exceed $40 million US entering 2026.
CRI also announced the hiring of Dan McAllister as Chief Revenue Officer to improve new customer acquisition velocity.

Nov 12, 2025, 2:00 PM

Transcript

Creative Realities Completes Cineplex Digital Media Acquisition and Reports Q3 2025 Results

CREX

M&A

Earnings

Convertible Preferred Issuance

Creative Realities completed the acquisition of Cineplex Digital Media (CDM) for CAD $70 million in cash on November 7, 2025, an acquisition expected to more than double the Company's size and generate at least USD $10 million in annualized cost synergies by the end of 2026.
The acquisition was financed through a $36 million senior term loan and $30 million of convertible preferred equity with a $3.00 conversion price from affiliates of North Run Capital LP.
For the third quarter ended September 30, 2025, Creative Realities reported revenue of $10.5 million, a net loss of $7.8 million, and Adjusted EBITDA of $0.8 million.
The Q3 2025 financial results were negatively impacted by a $5.7 million non-cash software impairment charge and an order slipping into the fourth quarter.

Nov 12, 2025, 1:16 PM

8-K

Creative Realities Reports Q3 2025 Results and Announces Acquisition

CREX

Earnings

M&A

Board Change

Creative Realities reported a net loss of $7.8 million for the third quarter ended September 30, 2025, compared to net income of $0.1 million in the prior-year period, with revenue decreasing to $10.5 million from $14.4 million.
The company's Q3 2025 results were negatively impacted by a $5.7 million non-cash software impairment charge and a $2 million order that slipped into the fourth quarter.
Creative Realities completed the acquisition of Cineplex Digital Media (CDM) for CAD $70 million (USD $42.7 million) in cash on November 7, 2025, and concurrently added three new members to its Board of Directors.
Annual recurring revenue (ARR) was approximately $12.3 million at the end of the third quarter of 2025, a decrease from $18.1 million as of September 30, 2024.

Nov 12, 2025, 12:30 PM

Press Release

CRI Announces Acquisition of Cineplex Digital Media

CREX

M&A

Debt Issuance

Convertible Preferred Issuance

CRI is acquiring Cineplex Digital Media (CDM) for $50 million US, financed by $48.5 million in bank debt and $30 million in convertible preferred equity.
The acquisition is projected to double CRI's revenue from $50 million to $100 million, expand its total addressable market, and yield $10 million in cost synergies.
The combined company expects $45 million or $46 million in recurring revenue by the end of 2025, with 2026 revenue projected to exceed $100 million and Adjusted EBITDA margins in the high teens, potentially surpassing 20% by the end of 2026.
CDM adds a $54 million, 10-year North Carolina Lottery contract (with 1,500 locations initially deploying and an additional 500 planned) and the largest mall digital out-of-home network in Canada.

Oct 16, 2025, 3:00 PM

Transcript

Creative Realities Announces Acquisition of Cineplex Digital Media

CREX

M&A

Debt Issuance

Convertible Preferred Issuance

Creative Realities, Inc. (CRI) announced the acquisition of Cineplex Digital Media (CDM) for CAD 70 million in cash, with the closing expected in October 2025.
The acquisition is projected to double the size of CRI, expand its North American footprint, and yield at least $10 million in annualized cost synergies by the end of 2026.
CDM generated sales of just under CAD $56 million in 2024 and is on track for 25% growth in 2025, with over 60% recurring revenue.
The acquisition will be financed by a $36 million senior term loan and $30 million of convertible preferred equity.
On a pro-forma adjusted basis for 2026, CRI anticipates revenue exceeding USD $100 million and Adjusted EBITDA margins in the high teens, eventually surpassing 20% once all synergies are realized.

Oct 16, 2025, 12:11 PM

8-K

Alpha Modus Files Patent Infringement Lawsuit

CREX

Legal Proceedings

Alpha Modus Holdings, Inc. initiated a patent infringement lawsuit against Allerin Tech Pvt. Ltd. on September 12, 2025.
The lawsuit alleges Allerin's "AllView" AI platform infringes upon ten Alpha Modus patents covering core AI-driven retail technologies.
Alpha Modus is seeking damages, injunctive relief, and validation of its patent portfolio as part of a broader strategy to protect and monetize its intellectual property.