Earnings Call Summary | Creative Realities(CREX.US) Q4 2023 Earnings Conference
Earnings Call Summary | Creative Realities(CREX.US) Q4 2023 Earnings Conference
The following is a summary of the Creative Realities, Inc. (CREX) Q4 2023 Earnings Call Transcript:
以下是 Creative Realities, Inc. (CREX) 2023 年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Creative Realities Inc. reported record Q4 2023 revenue of $14.5 million, gross profit of $7.5 million, and adjusted EBITDA of $2.8 million.
Posted a record annual revenue of $45.2 million, gross profit of $22.2 million, and adjusted EBITDA of $5.1 million in FY 2023.
For the first time, the company reported a positive result on an annual basis with an operating income of $1.3 million.
The Annual Recurring Revenue (ARR) grew to a record $16.3 million by the end of 2023, standing at a record high of $17.7 million midway through March.
The company had outstanding principal debt of about $15.1 million as of December 31, 2023, and a net debt of around $12.2 million.
Creative Realities Inc.報告稱，2023年第四季度收入創紀錄的1,450萬美元，毛利爲750萬美元，調整後的息稅折舊攤銷前利潤爲280萬美元。
2023財年公佈了創紀錄的年收入爲4,520萬美元，毛利爲2,220萬美元，調整後的息稅折舊攤銷前利潤爲510萬美元。
該公司首次公佈年度業績良好，營業收入爲130萬美元。
截至2023年底，年度經常性收入（ARR）增長至創紀錄的1,630萬美元，截至3月中旬創歷史新高，達到1,770萬美元。
截至2023年12月31日，該公司的未償本金債務約爲1,510萬美元，淨負債約爲1,220萬美元。
Business Progress:
業務進展：
Creative Realities expects growth in 2024 and beyond, raising its 2024 guidance for exit run rate ARR for SaaS-based subscription license revenue from $18 million to $20 million.
There are plans for reducing company debt and focusing on profitability and free cash flow.
Plans for continuous investment in platforms and exploration for potential future acquisitions were announced.
Due to customer acquisition in 2022 and 2023, no single customer exceeded 10% of the company's revenue in 2023.
The company began a channel program, targeting to quickly reach 1,000 licenses to generate additional SaaS revenue, and is transitioning to a comprehensive, company-wide ERP solution. It also anticipates rapid sales growth in their drive-thru product.
Creative Realities預計，2024年及以後將增長，將基於SaaS的訂閱許可收入的2024年退出運行率預期從1,800萬美元提高到2000萬美元。
有計劃減少公司債務，重點關注盈利能力和自由現金流。
宣佈了持續投資平台和探索未來潛在收購的計劃。
由於在2022年和2023年獲得了客戶，2023年沒有一個客戶超過公司收入的10％。
該公司啓動了一項渠道計劃，目標是迅速獲得1,000個許可證，以產生額外的SaaS收入，並且正在過渡到全面的全公司ERP解決方案。它還預計其直通車產品的銷售將快速增長。
More details: Creative Realities IR
更多詳情： 創意現實 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。