Street Calls of the Week
Creative Realities, Inc. (NASDAQ:CREX), a micro-cap company with annual revenues of $48.2 million and current market capitalization of $23.9 million, announced Friday that Chief Financial Officer David Ryan Mudd has informed the company of his resignation, effective October 10. According to a statement in the SEC filing, Mudd is leaving to accept a CFO position at another company with annual revenues exceeding $2 billion.
The company stated that Mudd’s departure is not related to any disagreements regarding Creative Realities’ operations, policies, or accounting practices. Upon Mudd’s exit, Chief Executive Officer Richard Mills will assume the role of interim Chief Financial Officer until a permanent replacement is appointed.
Creative Realities indicated that it expects to announce a new permanent CFO in the near future. The company is based in Louisville, Kentucky, and its common stock is listed on the Nasdaq Stock Market.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Creative Realities reported its Q2 2025 earnings, highlighting a 34% increase in revenue from the previous quarter, although revenue remained flat compared to the same period last year. Despite this revenue growth, the company experienced a decline in gross profit and adjusted EBITDA compared to the previous year. Creative Realities has focused on reducing its debt and enhancing product innovation, which may contribute to its long-term strategy. The company’s recent earnings call reflected investor optimism, as evidenced by a notable premarket stock increase. These developments come amid ongoing efforts to strengthen its financial position and market offerings. No mergers or acquisitions were announced in the recent updates. Additionally, there have been no recent analyst upgrades or downgrades for the company.
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