Creative Realities, Inc. (NASDAQ: CREX) Stock Surged 14% After-Hour. Here Is The Reason

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YEXT Stock
YEXT Stock

The provider firm of technology and solutions for digital marketing Creative Realities, Inc. (NASDAQ: CREX) saw its share surging 13.93% in extended trading yesterday despite no significant or related news. Regular session also saw its stock price climbing +8.11% to conclude trading at $2.80.

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So, What Is Happening?


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Innovative solutions by Creative Realities helps clients create more powerful customer experiences using omnichannel technology. Based in Irvine, CA, CREX designs, develops and deploys consumer experiences for high-end enterprise networks, and provides recurring SaaS and support services in over 15 vertical markets. A few of the markets include Automotive, Apparel & Accessories, Foodservice/QSR, Theater, Stadium Venues, Advertising Networks, Convenience Stores, Gaming, among others.

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A registered direct offering for 800,000 shares at $2.50 a share has recently been entered into between Creative Realities and an institutional investor. When the offering was announced, it was expected to close on or about February 22, 2021, subject to convention closing conditions.

The company is schedule to release its Q4 and full year 2020 results next week and that is raising the investor sentiment. So the stock is likely to be more volatile at weekend through next week till release of the results.

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Company has posted a decrease of 24% or $1.6 million, over the three months ended September 30, 2020, recording revenues of $5.1 million. For the period, gross profit was $2.4 million, a 26% decrease or a less dollar amount of $0.9 million. Net loss of $0.6 million was realized by the company in third quarter of 2020 compared to a loss of $0.2 million during the same period in 2019.

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