Creatd, Inc. Completes PCAOB Audit, Strengthening Future Growth
Creatd, Inc. Completes PCAOB Audit, Strengthening Future Growth
NEW YORK – Creatd, Inc. (OTC: CRTD), a company dedicated to acquiring synergistic technology businesses, is excited to announce the significant completion of its 2024 PCAOB audit. Following this milestone, the audited financials are now submitted to the OTC Markets. With two consecutive years of audited statements in hand, and the Q1 2025 financials now public, Creatd is proud to be current with its reporting obligations. This strategic position allows Creatd to re-register its securities with the SEC and reapply for a listing on the OTCQB, paving the way for a potential uplisting to a national securities exchange.
Key Financial Milestones Achieved
Throughout the recent fiscal year, Creatd has made remarkable strides in its financial position. The net equity has surged to over $2.9 million, marking an extraordinary improvement of $18 million since the previous year, with a notable $15 million achieved during the 2024 fiscal year alone. Furthermore, revenues for the fiscal year 2024 reached approximately $1.5 million, a milestone already matched in the early months of 2025.
The company anticipates reapplying to the OTCQB shortly, as part of a comprehensive strategy to further align with capital markets compliance requirements.
Strategic Developments in 2024
The year 2024 has been pivotal for laying a robust foundation for Creatd’s future financial recovery and operational sustainability. The company faced significant challenges, particularly in navigating a capital-constrained environment. By collaborating with shareholders and strategic partners, Creatd has secured essential funding that has enabled it not only to sustain but also to grow operations during these turbulent times.
Moreover, Creatd has recognized the need to adapt to the evolving microcap landscape, where companies with a narrow focus often struggle to maintain traction with investors. In response, Creatd has diversified its business model by acquiring complementary companies. This integration has culminated in a consolidated approach to revenues, back-office functions, and technology systems while improving regulatory compliance and understanding audience behaviors in the marketplace.
This adaptive and strategic mindset has empowered the company not only to withstand the challenges of 2024 but also to emerge with a strengthened balance sheet and a broader revenue base. A clear path forward ensures that Creatd can progress towards SEC re-registration and an uplisting opportunity.
CEO Insights on Recent Developments
Jeremy Frommer, the CEO of Creatd, reflected on the journey the company has taken over the past two years, stating:
“The past two years have been incredibly challenging yet profoundly rewarding. We had to part ways with our previous auditing firm, which posed its own set of difficulties while at the same time experiencing a notable downturn in the microcap sector. This situation brought Creatd to the brink, but we never lost heart. The experiences have taught us invaluable lessons about resilience and our capability to survive in this evolving market environment.”
Today, we stand with renewed strength. With a solid balance sheet and two years of PCAOB-audited financial statements completed, we are fully aware of the requirements to navigate the emerging growth markets effectively. As we continue to look for acquisition opportunities and foster growth among our peers, we understand that collaboration is essential for success in this competitive atmosphere.”
About Creatd, Inc.
Creatd, Inc. is engaged in strategic investments and operational endeavors across various sectors, including technology, media, aviation, advertising, and consumer products. With a focus on structured finance and acquisitions, the company seeks to identify and develop promising opportunities within small-cap firms, driving innovation and growth across its diverse portfolio.
For any investor inquiries, reach out to us at ir@creatd.com.
Frequently Asked Questions
What is the significance of the PCAOB audit for Creatd, Inc.?
The PCAOB audit is crucial as it satisfies regulatory requirements and positions the company for SEC re-registration and potential uplisting to a national exchange.
How has Creatd's financial position improved?
Creatd's net equity has increased to over $2.9 million, marking an $18 million improvement since the previous year, with significant sales growth.
What strategic actions did Creatd take in 2024?
In 2024, Creatd diversified its model by acquiring complementary businesses, allowing for enhanced revenue consolidation and resilience amid market challenges.
What is the future outlook for Creatd, Inc.?
With a strengthened balance sheet and audited financials, Creatd is poised for potential re-listing on the OTCQB and aims for a national exchange uplisting.
How can investors get in touch with Creatd, Inc.?
Investors can reach out to Creatd through their email at ir@creatd.com for inquiries.
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