Filing Flows › Creatd (CRTD) › Q1 2023
Creatd (CRTD) Q1 2023 earnings results (first quarter 2023)
10-Q filed May 18, 2023
Creatd (CRTD) reported revenue of $986K for the first quarter 2023 (Q1 2023), -27% from a year earlier and +23% from the quarter before.
Creatd, Q1 2023: revenue $986K (-27% year over year), net loss $16.0M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2023 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $986K | +23% | -27% |
| Operating profit | −$13.7M | — | — |
| Net earnings | −$16.0M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $1.0M in Q1 2023, down 27% year over year and up 23% from the previous quarter.
Operating costs exceeded revenue by $13.7M, an operating margin of -1390.4%. Total costs grew 76% against a revenue fall of 27%. The fastest-growing cost line was Other operating costs (+317%). The quarter ended with a net loss of $16.0M, wider than the previous quarter's $10.6M loss. Minority interests bore $49K of it: to shareholders the quarter was a loss of $15.9M.
Operating cash flow was −$2.9M. Non-cash charges added back $9K of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $5.8M.
Questions
What was Creatd's revenue in the first quarter 2023?
Creatd (CRTD) reported revenue of $986K for the first quarter 2023 (Q1 2023), -27% from a year earlier and +23% from the quarter before.
Source: Creatd 10-Q on SEC EDGAR.