Quarterly ResultMay 8, 2026, 06:12 AM
Creative Media Q1 Revenue Down 9%, Net Loss to Common Stockholders $(34.7)M
AI Summary
Creative Media & Community Trust Corp reported a significant increase in net loss attributable to common stockholders for Q1 2026, reaching $(34.695) million, up from $(11.898) million in Q1 2025. Total revenues declined by 9% to $29.417 million. The company also completed two 1-for-10 reverse stock splits in March and April 2026, and voluntarily delisted its Common Stock from the Tel Aviv Stock Exchange in August 2025. Net cash used in operating activities was $(25.991) million for the quarter.
Key Highlights
- Total Revenues for Q1 2026 decreased 9% to $29.417 million from $32.295 million in Q1 2025.
- Net Loss Attributable to the Company for Q1 2026 was $(8.309) million, up from $(6.114) million in Q1 2025.
- Net Loss Attributable to Common Stockholders for Q1 2026 was $(34.695) million, compared to $(11.898) million in Q1 2025.
- Basic Net Loss Per Common Share was $(70.52) for Q1 2026, adjusted for reverse stock splits.
- The company completed two 1-for-10 reverse stock splits on March 26, 2026, and April 20, 2026.
- Net cash used in operating activities was $(25.991) million in Q1 2026, compared to $1.208 million provided in Q1 2025.
- Creative Media recognized a $1.737 million gain on the sale of First Western.
- Total Assets decreased to $792.321 million as of March 31, 2026, from $859.187 million as of December 31, 2025.
Price Impact
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