Q2 2024 Creative Realities Inc Earnings Call Transcript
Key Points
- Record second quarter revenue of $13.1 million, up 43% from the prior year.
- Record second quarter gross profit of $6.8 million, significantly higher than $4.3 million in 2023.
- Annual recurring revenue (ARR) reached an all-time high of approximately $18 million.
- Successful debt refinancing, securing a $22.1 million senior revolving credit facility.
- Strong demand across all business segments, particularly in quick-serve restaurants and sports and entertainment.
- Revenue can be lumpy quarter-to-quarter due to deployment timing.
- Challenges in scaling BCTV installations to the originally planned pace.
- Potential seasonal slowdowns in the fourth quarter due to holiday moratoriums and other factors.
- Continued market constraints, such as access to electrical personnel, affecting deployment schedules.
- Uncertainty in the impact of current interest rates and market conditions on enterprise capital investments.
Good morning. At this time, I'd like to welcome everyone to the Creative Realities' 2024 second quarter earnings conference call. This call will be recorded, and the copy will be available on the company's website at cri.com following the completion of the call. The company has prepared remarks summarized of the interim results of the first quarter along with additional industry and company updates.
Joining me on the call today is Rick Mills, CEO; and Will Logan, CFO. Mr. Logan, you may begin.
Thank you and good morning, everyone. Welcome to our earnings call for the second quarter ended June 30, 2024. I would like to take this opportunity to remind you that our remarks today will include forward-looking statements.
The words anticipated, will, believes, expects, intends, plans, estimates, projects, should, may, propose, and similar expressions, or the negative versions of such words or expressions as they relate to us, or our management are intended to identify forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
