Creatd: Q1 Earnings Snapshot

·1 min read

FORT LEE, N.J. (AP) _ Creatd Inc. (CRTD) on Monday reported a loss of $6.6 million in its first quarter.

The Fort Lee, New Jersey-based company said it had a loss of 68 cents per share. Losses, adjusted for non-recurring costs, were 42 cents per share.

The company posted revenue of $743,900 in the period. Its adjusted revenue was $744,000.

For the current quarter ending in July, Creatd said it expects revenue in the range of $1 million to $1.2 million.

The company expects full-year revenue in the range of $5 million to $7 million.

In the final minutes of trading on Monday, the company's shares hit $2.99. A year ago, they were trading at $9.69.


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The Associated Press

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