Creative Realities Inc (NASDAQ:CREX) stock is the biggest percentage gainer in the pre-market session on Friday. The stock has surged about 49.62% to $1.96. There seems to be no news for such a big rally. However, last week, the company reported for the first quarter.
The company posted a 35% year-over-year jump in revenue to $5.0 million. The company swung to a quarterly profit of $1.3 million, from a year-ago loss of $13.2 million. EBITDA was $2.4 million for the three months ended March 31, 2021, as compared to an EBITDA loss of $12.7 million in the same period in 2020.
Adjusted EBITDA was $0.7 million for the three months ended March 31, 2021, compared to an Adjusted EBITDA loss of $1.9 million for the same period in 2020. See below for a description of these non-GAAP financial measures and reconciliation to our net loss.
CREX stock has fallen about 18% so far this year.
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