Creative Realities Reports Fourth Quarter and Full Year 2021 Results; Expects 2022 Revenue to Exceed $43 Million
Creative Realities, Inc. (CRI) has announced its financial results for 202, including its fourth quarter results.
“CRI’s fourth quarter 2021 revenue was approximately $5.4 million, bringing full year 2021 revenue to $18.4 million, which represents an increase of 8.3% and 5.6% as compared to the same periods in the prior year,” said Rick Mills, chief executive officer, Creative Realities, Inc. “Removing the year-over-year revenue generated from our Safe Space Solutions products, which we launched in response to the COVID-19 pandemic, our core digital signage revenue grew 32.2% and 20.5% in the three- and twelve-month periods ended December 31, 2021 as compared to the same periods in the prior year, despite facing supply chain difficulties. We continue to experience strong and growing demand for our digital signage solutions into 2022 and beyond.”
In the 2021 fiscal year, CRI experienced a revenue growth of $1.0 million (5.6%), and a
digital signage revenue growth of $2.9 million (20.5%). In addition, the company saw a net income of $0.2 million as compared to net loss of $16.8 million in 2020.
According to the company, its primary focus is growing Creative Realities, Inc. into the market leader in end-to-end digital signage solutions for enterprise customers while expanding the number of devices managed by its digital signage software and expanding recurring services revenue.
“We are proud of the work we have done to prepare the company for long-term success and are excited about recent customer developments—both those we have previously announced and those we anticipate will come to fruition throughout 2022,” concluded Mills. “Now more than ever, we believe our end-to-end offering has positioned CRI well within the industry to compete for new and growing opportunities with partners, particularly enterprise customers in a variety of key verticals.”
Creative Realities, Inc.’s annual report can be downloaded here.