Creatd, Inc.

Development-stage creator-economy company with a $35.6M loss, going concern and less than a quarter of cash runway.

Strengths

• Modest revenue growth in e-commerce brands
• Net loss narrowed slightly versus prior year

Risks

• Going concern; cash runway 0.2 quarters, current ratio 0.10, negative gross margin
• Deeply negative returns and heavy debt load; FY2022 data is stale, lowering confidence

Notable findings

• No interest coverageInterest coverage -35.36 (cannot cover interest)
• Going concernThese conditions raise substantial doubt about our ability to continue as a going concern
• Net lossNet loss (net margin -673.3%)
• Cash burnNegative free cash flow (-17.0M)
• Weak liquidityCurrent ratio 0.10 (<1)
• Revenue declineRevenue -37.4% YoY