Creative Realities SEC Filings Show Yet More Red Ink For Blended Entitity

cri-logoThe red ink story has continued at Creative Realities – the blended entity that includes elements of CRI, Wireless Ronin, Broadcast International and .

The company filed its annual report with the SEC, which shows it had a net loss of just shy of $8 million for the 2015 fiscal year. Sales were down about 15%, and that was with ConeXus World revenues rolled in to the mix.

The company it will “likely be required to raise additional funding through public or private financings, including equity financings, in 2016.” That would come on the heels of money raised last year through secured promissory notes at 14% interest.

If you have been in this industry for a while, what’s of most interest here is that one of the blended companies – Wireless Ronin – burned through $100 million in investor money chasing the digital signage software dream.

What Creative Realities does is more than sell a CMS, but I think it’s fair to openly wonder how this thing is still going.

 

Dave Haynes

Dave Haynes

Editor/Founder at Sixteen:Nine
Dave Haynes is the founder and editor of Sixteen:Nine, an online publication that has followed the digital signage industry for more than a decade. Dave does strategic advisory consulting work for many end-users and vendors, and also writes for many of them. He's based near Toronto.
Dave Haynes

@sixteennine

Decade-old blog about digital signage and related tech, written by industry consultant and shit-disturber Dave Haynes.
Proud/amazed to say I survived out of town drinks with a bunch of young Australians. Good event. Thanks for the inv… https://t.co/87ivT8895k - 9 hours ago
Dave Haynes

1 Comment

  • Tom Roberto says:

    The real issue here isn’t the company, but its investors. It’s been almost a decade and Creative Realities has seen a steady DECLINE in revenue and services. This is all while it takes on larger clients and other businesses. What investment groups are failing to see is the market has begun to shift. Areas where the company was making money have now become a cheaper commodity-type business. There isn’t a way to recoup what has been put in. It’s a viable business, just not one that can return like investors need it to.

    The best thing that can happen is the company STOPS taking on more investment capital. Investors should begin the slow process of removing themselves and getting a slow payout. If the company is left on its own, it will naturally streamline as it should have years ago. Ronin and Conexus would need to be shed and the company would have to get back to what still brings in dollars…high-end engineering.

    No amount of installations, software sales or design is going to make up the difference in quality, high-end, engineering for folks that needs it. It’s one of the few areas competitors have recognized and are doing well with.

Comments are closed.