Added to YB: 2024-01-30
Pitch date: 2024-01-30
CREX [bullish]
Creative Realities, Inc.
-5.35%
current return
Author Info
Lake Thoreau Investment Research is a former tech CFO who provides high-quality and actionable investment ideas. Sign up for the newsletter.
Company Info
Creative Realities, Inc., together with its subsidiaries, provides digital marketing technology and solutions in the United States and internationally.
Market Cap
$28.2M
Pitch Price
$2.99
Price Target
7.25 (+156%)
Dividend
N/A
EV/EBITDA
-11.02
P/E
-3.05
EV/Sales
1.17
Sector
Media
Category
growth
Creative Realities (CREX): Digital Signage Leader
$CREX: Digital signage solution provider set for growth in $20B market. Expects FY23 $47M rev, $4M EBITDA, $15.6M SaaS ARR from 375K devices. Differentiated by integration & scalability w/ clients like Macy's. $110M backlog shows strong visibility. Undervalued on SaaS potential: 80% margin, recurring rev, forecasted $18M ARR in '24. Sees FY24 $60-80M rev, $7-12M EBITDA. Debt reduction to 1.2-1.5x by '24. Fair value $6-7.50 (2-3x NTM SaaS rev vs peers 4-14x). Risks: small-cap, macro, delays, dilution. Currently ~$2.60, PT $7.25 on SaaS re-rating.
Read full article (9 min)