Creative Realities announces 1Q19 financial results
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Creative Realities Inc. (CREX) Reports Q1 Revenues Above Estimates; Reaffirms 1H19 Revenue Outlook
May 9, 2019 5:15 PM EDTCreative Realities Inc. (NASDAQ: CREX) reported Q1 revenue for the quarter came in at $9.5 million versus the consensus estimate of $9.12 million.
2019 First Quarter Financial Overview
Revenues were $9.5 million for the three-month period ended March 31, 2019, an increase of $5.4 million, or 133%, compared to the same period in 2018.Hardware revenue grew approximately $0.4 million, or 33%, in the first quarter of 2019 as compared to the same period in the prior year. Gross margin on hardware revenue was 14%, compared to 11% in 1Q18.Services and other revenue grew approximately $5.0 million, or 177%, in the first... More