Creatd Inc. (CRTD) stock reverses pre-market, gaining a good 25.87% to reach $3.94, against its last close at $3.13, on November 15. The stock was active at a before hours volume of 1.1 million. Intraday trading, CRTD ranged between $3.29 and $3.09, losing 3.10% at the market close. In the past 52 weeks, the stock traded as high as $9.80 and as low as% 2.10, at an average volume of 4.28 million. Currently, the stock trades at a market capital of% 52.01 million.
The previous day, CRTD was in a downtrend, but the announcement of record Q3 earnings after market close put the stock in uptrend pre-market on November 16.
More on Creatd Inc. (CRTD)
Headquartered in New Jersey, Creatd Inc. (CRTD) is a technology company focused on the development of digital communities and e-commerce opportunities. CRTD also markets branded digital content. The company has a flagship product called Vocal, which is a content distribution platform. Creatd empowers creators and brands through the Vocal technology platform and data-driven innovation.
Previously the company was known as Jerrick Media Holdings Inc. and then changed its name in September 2020.
The Record Q3 Earnings
On November 15, Creatd Inc. (CRTD) announced its financial results for the three and nine months ended September 30, 2021. According to the report, the third-quarter net revenue saw a massive increase of 178% Year over year and 22% quarter over quarter. The net revenues for Q3 were $1.18 million, compared to that of $425,000 for Q3 2020. Moreover, the gross revenues reported were $1.21 million, showing a 20% increase from the previous quarter.
For Q3 2021, the company incurred a net loss of $9.7 million, while the net loss for Q3 2020 was $16.2 million. The current net loss improved by 81% from the third quarter of 2020. Furthermore, the net loss per basic and diluted share was $0.71 for Q3 2021, against that of $3.81 for Q3 2020.
The company currently has an operating capital of $6 million approx.
CRTD Future Guidance
Based on the record third quarter financial results for 2021, Creatd Inc. (CRTD) started revenue guidance of $10-$15 million by 2022. This revenue guidance shows a 100+% increase over the expected guidance for 2021 revenue. CRTD’s revenue guidance for the year 2021 is between $4.5 million and $4.7 million.
