Filing Flows › Creatd (CRTD) › Q3 2022
Creatd (CRTD) Q3 2022 earnings results (third quarter 2022)
10-Q filed Nov 16, 2022
Creatd (CRTD) reported revenue of $1.0M for the third quarter 2022 (Q3 2022), -13% from a year earlier and -37% from the quarter before. Operating margin was -584.3%, net loss $9.5M (931.4% of revenue).
Creatd, Q3 2022: revenue $1.0M (-13% year over year), operating margin -584.3%, net loss $9.5M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2022 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | -37% | -13% |
| Operating profit | −$6.0M | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $1.0M in Q3 2022, down 13% year over year and down 37% from the previous quarter. Creatd Partners was the largest line at 41% of revenue. Creatd Labs lost $274K year over year (down 48%), 175% of the total change.
Operating costs exceeded revenue by $6.0M, an operating margin of -584.3%. Total costs fell 13% while revenue fell 13%. The fastest-growing cost line was General & admin (+61%). The quarter ended with a net loss of $9.5M, wider than the previous quarter's $8.7M loss. Minority interests bore $300K of it: to shareholders the quarter was a loss of $9.2M.
Operating cash flow was −$3.2M. Non-cash charges added back $158K of depreciation and amortization and $627K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $43K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Creatd's revenue in the third quarter 2022?
Creatd (CRTD) reported revenue of $1.0M for the third quarter 2022 (Q3 2022), -13% from a year earlier and -37% from the quarter before.
Was Creatd profitable in the third quarter 2022?
Operating loss was $6.0M (-584.3% of revenue) and net loss $9.5M.
Source: Creatd 10-Q on SEC EDGAR.