Filing Flows › Creatd (CRTD) › Q3 2023
Creatd (CRTD) Q3 2023 earnings results (third quarter 2023)
10-Q filed Nov 15, 2023
Creatd (CRTD) reported revenue of $438K for the third quarter 2023 (Q3 2023), -57% from a year earlier and -37% from the quarter before. Operating margin was -439.1%, net loss $2.9M (666.6% of revenue).
Creatd, Q3 2023: revenue $438K (-57% year over year), operating margin -439.1%, net loss $2.9M, operating cash flow −$194K. The chart follows the revenue to costs, profit and cash.
| Q3 2023 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $438K | -37% | -57% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$194K | — | — |
What changed
Revenue was $438K in Q3 2023, down 57% year over year and down 37% from the previous quarter. Creatd Labs was the largest line at 56% of revenue. Creatd Ventures lost $278K year over year (down 88%), 47% of the total change.
Gross margin was 17.8%. Operating costs exceeded revenue by $1.9M, an operating margin of -439.1%. The fastest-growing cost line was Research & development (+131%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $4.5M loss.
Operating cash flow was −$194K. Non-cash charges added back $46K of depreciation and amortization and $398K of share-based compensation. Working capital and other items added $2.3M.
Questions
What was Creatd's revenue in the third quarter 2023?
Creatd (CRTD) reported revenue of $438K for the third quarter 2023 (Q3 2023), -57% from a year earlier and -37% from the quarter before.
Was Creatd profitable in the third quarter 2023?
Operating loss was $1.9M (-439.1% of revenue) and net loss $2.9M.
Source: Creatd 10-Q on SEC EDGAR.