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Creatd, Inc. Completes 2024 PCAOB Audit, Achieving Two Years of Audited Financials and Clearing Path Toward SEC Re-Registration and National Exchange Uplisting
CREATDCREATD(US:CRTD) Globenewswire·2025-06-24 18:57

Core Insights - Creatd, Inc. has completed its 2024 PCAOB audit and submitted audited financials to the OTC Markets, positioning the company for SEC re-registration and potential uplisting to a national securities exchange [1][3] Financial Highlights - Net equity has improved by $18 million since 2023, with over $2.9 million reported as of now, and $15 million of that gained during the 2024 fiscal year [6] - Revenues for fiscal year 2024 totaled approximately $1.5 million, a figure already matched in the first half of 2025 [6] Strategic Developments - In 2024, the company addressed challenges by securing funding through collaboration with shareholders and strategic partners, allowing it to sustain and grow operations [3][4] - Creatd has built a diversified model by acquiring complementary businesses and integrating them into a shared infrastructure, which includes consolidating revenues and unifying back-office functions [3][4] Management Commentary - The CEO of Creatd highlighted the past two years as both challenging and transformative, emphasizing the lessons learned from navigating the microcap sector's difficulties [4][5] - The company aims to continue acquiring and supporting peers in the microcap space, recognizing the importance of collaboration for success [5]