Filing Flows › Creatd (CRTD) › Q2 2023
Creatd (CRTD) Q2 2023 earnings results (second quarter 2023)
10-Q filed Aug 14, 2023
Creatd (CRTD) reported revenue of $699K for the second quarter 2023 (Q2 2023), -57% from a year earlier and -29% from the quarter before. Operating margin was -387.9%, net loss $4.5M (638.6% of revenue).
Creatd, Q2 2023: revenue $699K (-57% year over year), operating margin -387.9%, net loss $4.5M, operating cash flow −$333K. The chart follows the revenue to costs, profit and cash.
| Q2 2023 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $699K | -29% | -57% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$4.5M | — | — |
| Operating cash flow | −$333K | — | — |
What changed
Revenue was $699K in Q2 2023, down 57% year over year and down 29% from the previous quarter.
Gross margin was 37.4%. Operating costs exceeded revenue by $2.7M, an operating margin of -387.9%. The quarter ended with a net loss of $4.5M, narrower than the previous quarter's $16.0M loss. Minority interests bore $15K of it: to shareholders the quarter was a loss of $4.5M.
Operating cash flow was −$333K. Non-cash charges added back $63K of depreciation and amortization and $558K of share-based compensation. Working capital and other items added $3.5M.
Questions
What was Creatd's revenue in the second quarter 2023?
Creatd (CRTD) reported revenue of $699K for the second quarter 2023 (Q2 2023), -57% from a year earlier and -29% from the quarter before.
Was Creatd profitable in the second quarter 2023?
Operating loss was $2.7M (-387.9% of revenue) and net loss $4.5M.
Source: Creatd 10-Q on SEC EDGAR.