Creatd Inc (PK:CRTD)

Business Focus: Content & Site Management Services

Sector:  Technology Industry:  Internet Services
 
See Regulatory Filings on SEC
Company Contact
Address: 419 Lafayette Street, 6Th Floor
NEW YORK NY 10003
Tel: N/A
Website: https://creatd.com
IR: See website
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Key People
Jeremy Frommer
Executive Chairman of the Board, Chief Executive Officer, Chief Financial Officer
Justin Maury
President, Chief Operating Officer, Director
Robert Tal
Chief Information Officer
Business Overview
Creatd, Inc. is a technology company focused on providing economic opportunities for creators. The Company operates through three segments: Creatd Labs, Creatd Ventures, and Creatd Partners. The Creatd Labs segment is focused on development initiatives. Creatd Labs segment houses the Company's technology, including its flagship platform, Vocal, as well as oversees the Company's content creation framework and management of its digital communities. Its flagship product, Vocal, delivers a long-form, digital publishing platform organized into engaged niche-communities. The Creatd Ventures segment builds, develops, and scales e-commerce brands. This segment sells products from its two majority-owned direct-to-consumer brands, Camp and Dune Glow Remedy. Creatd Partners segment fosters relationships between brands and creators through its suite of agency services, including content marketing (Vocal for Brands), performance marketing (Seller's Choice), and influencer marketing (WHE Agency).
Financial Overview
For the nine months ended 30 September 2023, Creatd Inc revenues decreased 47% to $2.1M. Net loss applicable to common stockholders increased 84% to $44.3M. Revenues reflect Creatd Partners segment decrease of 64% to $595K, Creatd Labs segment decrease of 34% to $853K. Higher net loss reflects Stock based compensation increase from $3.8M to $8.3M (expense), Compensation increase from $1.8M to $5.2M (expense).
Employees: 14 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $8.31M as of Sep 30, 2023
Annual revenue (TTM): $2.92M as of Sep 30, 2023
EBITDA (TTM): -$22.92M as of Sep 30, 2023
Net annual income (TTM): -$56.72M as of Sep 30, 2023
Free cash flow (TTM): -$6.55M as of Sep 30, 2023
Net Debt Last Fiscal Year: $7.61M as of Sep 30, 2023
Shares outstanding: 367,355 as of Jan 24, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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