Quick Service Restaurant Win
CRI was selected by a well-known upscale quick service restaurant chain with over 1,000 locations to lead the transformation of its indoor and outdoor menu boards. This partnership will play a key role in the chain's digital transformation strategy with a national rollout expected after a successful pilot.
Operating Cost Reduction
Aggregate SG&A expenses were reduced by 11% to $5.2 million in Q1 2025 compared to $5.8 million in Q1 2024, improving profitability as revenue is expected to scale back for the rest of the year.
Adjusted EBITDA Stability
Despite revenue declines, adjusted EBITDA was nominally changed at $0.5 million due to active management of overhead costs.
Debt Contingency Settlement
CRI resolved a $12.8 million contingent liability for $7 million, providing financial visibility and flexibility.
New Product Introduction
The introduction of the AdLogic CPM platform is progressing well, offering customers a self-serve interface that enhances targeting precision and reduces campaign costs.