Creative Realities Inc (NASDAQ:CREX) Is The Biggest Gainer In Pre-Market

Creative Realities Inc (NASDAQ:CREX) is moving higher in the pre market session.

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As of 7:42, CREX stock gained 34.35% to $1.76 on hefty volume of 2.17 million shares.

CREX Released Last Week

Creative Realities Reports First Quarter 2021 Results

• Revenues were $5.0 million for the three months ended March 31, 2021, an increase of $1.3 million, or 35%, as compared to the same period in 2020.
• Gross profit was $2.2 million for the three months ended March 31, 2021, an increase of $0.6 million, or 39%, compared to the same period in 2020, approximately half of which relates to an increase in revenue period-over-period with half driven by higher gross profit generated on sales of the Thermal Mirror and Safe Space products.
• Net income was $1.3 million for the three months ended March 31, 2021 as compared to net loss of $13.2 million for the same period in 2020. In addition to those operating items previously identified, the increase was driven by increases of (1) $0.3 million in the fair value of debt instruments, and (ii) $1.5 million related to gains on settlement of obligations, including specifically forgiveness of the Company’s PPP loan during the three months ended March 31, 2021.
• Operating loss was $0.2 million for the three months ended March 31, 2021 as compared to an operating loss of $12.2 million during the same period in 2020.

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