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Flyte, Inc. Expands Vision Jet Fleet to Support 2026 Growth Strategy
Prism Media Wire· 2025-11-24 14:00
Core Insights - Flyte, Inc. is expanding its fleet of Cirrus Vision Jets as part of its growth strategy for FY2026, aiming to operate ten Vision Jets and three Pilatus aircraft [2][6] - The expansion is supported by a strengthened balance sheet, reduced liabilities, and improved operational efficiency, attracting interest from strategic partners and investors [5][6] - Recent federal programs providing passive-income advantages for aviation-asset participation have increased investor engagement in Flyte's fleet expansion initiatives [5][7] Fleet Strategy - Flyte's fleet strategy focuses on efficient, mission-versatile aircraft that can meet both passenger and medical-logistics demands [4] - The Cirrus Vision Jet is noted for its low operating costs, advanced safety systems, and suitability for short- and mid-range missions [4] - The planned Pilatus aircraft will enhance the Vision Jet platform by offering greater payload and multi-mission capabilities for extended routes [4] Financial Position - The acquisition of additional Cirrus Vision Jets reflects Creatd's strengthened financial position and ongoing year-over-year revenue growth [6] - The company is actively pursuing further assets, including additional Vision Jets from the Verijet, Inc. bankruptcy [6]
Creatd, Inc. Reports Record EPS, Up 75% YoY; Net Equity Surpasses $9 Million
Globenewswire· 2025-11-17 14:30
Core Insights - Creatd, Inc. reported strong financial results for Q3 2025, highlighting significant revenue growth, reduced operating expenses, and improved profitability on a per-share basis [1][8] - The company plans to file an S-1 registration statement as part of its strategy to uplist to a national exchange [1][10] Financial Performance - Revenues for the nine months ending September 30, 2025, reached $2.3 million, a 93% increase from $1.2 million in the same period of 2024 [2] - Basic and diluted loss per share improved by 75%, with losses of $(0.13) and $(2.10) for the three and nine months ending September 30, 2025, respectively, compared to $(0.50) and $(8.53) in the previous year [3][8] - Excluding stock-based compensation, the company achieved a record per-share gain of $0.45, a significant improvement from a $(4.11) loss in 2024 [3] Balance Sheet Strength - Total assets exceeded $18 million at the end of Q3 2025, up from approximately $2 million at the end of 2024 [4] - Total liabilities decreased from $12.5 million to $9.2 million during the first nine months of 2025, with positive shareholder equity rising to over $10 million [4][8] Strategic Developments - The acquisition and integration of Flyte, an air mobility and aviation technology business, has been a key driver of the company's progress, enhancing operational efficiencies and revenue generation [5][12] - The company is transitioning into the advanced air mobility sector through its Flyte subsidiary, which holds an FAA Part 135 Air Carrier Certificate [12] Leadership Insights - CEO Jeremy Frommer emphasized the company's operational turnaround and the approach towards achieving positive earnings per share, reflecting disciplined execution [6][11] - The company has engaged Dawson James Securities, Inc. and Lucosky Brookman, LLP to assist in its uplisting process, aiming to avoid traditional underwriting structures that have negatively impacted small companies [9][10]
Creatd, Inc. Engages Dawson James Securities, Inc. and Lucosky Brookman, LLP to  Execute Uplisting Strategy
Prism Media Wire· 2025-11-13 14:32
Core Insights - Creatd, Inc. has engaged Dawson James Securities, Inc. as its financial advisor and Lucosky Brookman LLP as legal counsel to facilitate its uplisting strategy to a national securities exchange [4][5] - The company aims to enhance its capital markets strategy, increase institutional visibility, and improve shareholder value in line with national exchange listing standards [5][7] - CEO Jeremy Frommer will provide updates on the uplisting process during the upcoming Investor Conference on November 17, 2025 [5][7] Engagement of Advisors - Creatd has retained Dawson James Securities as financial advisor and Lucosky Brookman LLP as legal counsel to execute its uplisting plan [7] - This engagement is seen as a significant step in the company's efforts to prepare for a national exchange listing [5][7] Commitment to Growth - The company's actions are focused on strengthening its readiness for national exchange listing, which is expected to boost institutional visibility and shareholder value [5][7] - The strategic initiative reflects Creatd's commitment to long-term growth and capital market engagement [5][6] Upcoming Events - An Investor Conference is scheduled for November 17, 2025, where updates regarding the uplisting process will be shared by the CEO [5][7]
Creatd, Inc. Engages Dawson James Securities, Inc. and Lucosky Brookman, LLP to Execute Uplisting Strategy
Globenewswire· 2025-11-13 14:30
Core Insights - Creatd, Inc. is committed to uplisting to a national securities exchange and has engaged Dawson James Securities, Inc. as its financial advisor and Lucosky Brookman LLP as legal counsel for this initiative [1][2] - The CEO emphasized the importance of this engagement as a milestone in enhancing the company's capital markets strategy and increasing institutional visibility [2] Company Overview - Creatd, Inc. is transitioning into the advanced air mobility sector through its subsidiary Flyte, which holds an FAA Part 135 Air Carrier Certificate and is developing an AI-enabled aviation platform for regional hops, private charters, and high-end travel experiences [3]
Creatd to File Quarterly Financials on Friday, November 14; Schedules Investor Conference Call for Monday, November 17 at 4:30 PM ET
Globenewswire· 2025-11-10 19:55
Group 1 - Creatd, Inc. expects to file its Quarterly Report on Form 10-Q for Q3 2025 on November 14, 2025, and will host an investor conference call on November 17, 2025 [1] - For Q3 2025, Creatd estimates preliminary revenues of nearly $1,000,000, representing a 163% year-over-year increase compared to Q3 2024 [1] - Revenues for the nine months ended September 30, 2025, are estimated at approximately $2.28 million, a 93% increase from the same period last year [1] Group 2 - The integration of Flyte is improving gross margins through operational efficiencies and a reduction in cost of revenue, with strengthened EBITDA performance during the quarter [2] - Creatd, Inc. focuses on investing in and operating businesses across technology, media, consumer, and capital markets, aiming to build, acquire, and accelerate assets with strong fundamentals and high growth potential [3] - Flyte is a private aviation company that aims to revolutionize air travel through accessibility and technology-driven innovation, offering a seamless booking platform and an on-demand model [4]
Creatd Launches Flyte Escapes: AI-Enhanced Luxury Travel Experiences for the Modern Era
Prism Media Wire· 2025-10-29 13:30
Core Insights - Creatd, Inc. has launched Flyte Escapes, an AI-enhanced luxury travel service that offers integrated private jet itineraries, curated stays, and exclusive access for high-end clients [3][8] - Flyte Escapes aims to redefine experiential travel by leveraging first-party data and an in-house marketing engine to connect with qualified travelers and strategic brand partners [3][6] Company Overview - Creatd, Inc. focuses on investing in and operating businesses across technology, media, consumer, and capital markets, aiming to build and accelerate assets with strong fundamentals and high growth potential [10] - The company is positioned to explore future acquisitions and partnerships in the travel and hospitality sectors through Flyte Escapes [7] Product Offering - Flyte Escapes provides a seamless travel experience by combining private aviation, luxury accommodations, and curated experiences, all coordinated by expert concierges using AI-driven tools [4][5] - The service is designed for B2B partnerships, expanding Creatd's footprint in the experience travel market and creating new revenue streams [8] Market Positioning - Flyte Escapes is tailored to meet the evolving needs of private flyers who prioritize time, discretion, and effortless access, positioning Creatd at the forefront of a new era in luxury travel [6][7] - The initiative reflects a commitment to building experiences that resonate beyond the journey itself, celebrating unique moments and destinations [7]
Creatd, Inc. Approved to Trade on the OTCQB Venture Market with Nearly $10 Million in Positive Net Equity
Globenewswire· 2025-10-21 18:21
Core Points - Creatd, Inc. has been approved to trade on the OTCQB Venture Market, effective October 22, 2025, marking a significant advancement from the OTCID Market [1] - The company has restored approximately $10 million in positive net equity and has a growing portfolio of tangible assets, including the successful integration of Flyte, valued at $14 million, which is expected to contribute significantly to annual revenues [2] - The rejoining of the OTCQB is seen as a new era for Creatd, indicating restored financial stability and positioning the company for a future national exchange listing [3] Market Advancement - The uplisting to the OTCQB represents the company overcoming critical obstacles before applying for a national exchange [5] - Trading on the OTCQB is expected to enhance visibility among institutional and retail investors, improve share liquidity, and expand access to a broader base of investors [4] Strategic Objective - The company aims to build lasting value and is positioned to pursue national exchange listing goals without relying on dilutive financing, supported by its nearly $10 million in positive net equity [5] Future Financing - The financial turnaround of the Flyte acquisition is complete, with expectations to include three Cirrus Vision Jet SF50 aircraft in its fleet by the end of fiscal year 2025 [5]
Creatd’s Flyte Positions for Strategic Expansion Following Verijet Bankruptcy
Globenewswire· 2025-10-14 15:41
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, is positioned for expansion following Verijet's Chapter 7 bankruptcy, highlighting the risks of overextension in the private aviation market [1][6] - Flyte aims to strategically strengthen its presence in key markets by integrating valuable assets from Verijet's liquidation [2][4] Company Strategy - Flyte was designed to scale the charter business while maintaining operational integrity, learning from the mistakes of others in the industry [2][3] - The company plans to absorb valuable assets such as aircraft, routes, and talent from Verijet to enhance its operations [4][6] Market Context - Verijet's failure serves as a lesson that unsustainable growth without stability can lead to collapse, emphasizing the need for disciplined growth in the aviation sector [4][6] - The private aviation sector is experiencing volatility, creating new opportunities for disciplined operators like Flyte [6] Leadership Vision - CEO Jeremy Frommer emphasizes the importance of balancing vision with financial reality, stating that the next generation of aviation companies must build sustainable models [5][6] - Flyte's approach focuses on steady growth across its three divisions: Flyte Luxe, Flyte Hops, and Flyte Escapes, each targeting distinct market segments [4][6]
Creatd, Inc. Files S-1 Registration Statement with SEC, Signaling Readiness for Future National Exchange Uplisting
Prism Media Wire· 2025-08-15 13:35
Core Points - Creatd, Inc. has filed an S-1 registration statement with the SEC, marking its first filing since December 2023 and indicating readiness for potential uplisting to a national exchange [3][4][7] - The filing is accompanied by fully audited and up-to-date financials, showcasing a $32 million turnaround over 18 months and achieving $9 million in positive net equity as of August 12, 2025 [3][4][7] - The primary purpose of the S-1 filing is to reestablish the company's registration with the SEC, rather than to raise new capital [4][7] - The filing represents a significant milestone following nearly two years of operational restructuring and strategic execution aimed at enhancing long-term shareholder value [4][5] Company Overview - Creatd, Inc. (OTC: CRTD) focuses on investing in and operating businesses across technology, media, consumer, and capital markets, aiming to build, acquire, and accelerate assets with strong fundamentals and high growth potential [5]
Creatd, Inc. Swings to $6.4M Positive Net Equity, $32M Turnaround in 18 Months, Sets Stage for Uplist to National Exchange
Globenewswire· 2025-08-11 13:30
Core Viewpoint - Creatd, Inc. has achieved a significant turnaround in shareholder equity, moving from negative $26 million to positive $6.4 million in 18 months, with plans for an uplist to a national exchange [1][2][3]. Financial Highlights - Shareholder equity improved by $32 million since January 2024, with net equity reaching approximately $9 million by mid-Q3 2025 [1][2]. - The company reported record revenue of $1.5 million in Q2 2025, representing a year-over-year increase of approximately 62% [7]. - Other income for Q2 2025 was $1.7 million, contrasting with a loss of $5.1 million in Q2 2024, indicating a positive profitability trend [7]. Strategic Transactions Driving Growth - Over the past 18 months, Creatd has made targeted acquisitions, including Flyte, Inc. and a minority stake in PCG Advisory, which are expected to generate long-term value [4]. Regulatory Milestone & Path to Uplist - The company has completed two years and two quarters of PCAOB-audited financial statements, allowing it to file an S-1 registration statement to re-register with the SEC and qualify for OTCQB trading [5][6]. Positioned for Expansion - Creatd is operating near break-even, benefiting from efficiency gains due to strategic technology investments, and is prepared to integrate more emerging growth companies [6]. - The company aims to accelerate its M&A strategy and expansion plans, leveraging its stronger balance sheet and expanded investor access [6].