CREATD(US:CRTD) Globenewswireยท2025-11-17 14:30Core 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]