- Creatd's first quarter net revenues increased 154%, year over year; projects over $1 million in net revenues in second quarter 2021 and between $5 million and $7 million for full year 2021.- Flagship product, Vocal, recently surpassed 1 million subscribers, including 25K premium subscribers to Vocal+, with 100K Vocal+ subscribers expected by year-end 2021.- Vocal offers a broad menu of communities, opportunities for monetization, and creative challenges in collaboration with notable brands like Moleskine, Fiskars, and the Patreon-owned Memberful.
FORT LEE, N.J., June 7, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) (the "Company" or "Creatd"), the parent company of Vocal, is pleased to announce that it is set to join the Russell Microcap® Index, according to a preliminary list of additions released on June 4, 2021. The conclusion of the Russell US Index's annual reconstitution is effective after the US market opens on June 28, 2021.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in Russell's appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
Creatd CEO Jeremy Frommer commented, "Creatd's inclusion in the Russell Microcap® Index is a testament to the great progress we have made in accelerating expansion and engagement in our Vocal communities, optimizing our internal infrastructure and operations, and advancing toward break-even as we prepare for our next stage of growth. We are excited about our milestones ahead in 2021, and we believe the visibility that Russell index inclusion affords will be a benefit to our existing shareholders and lead to greater awareness of Creatd throughout the investment community."
Company progress, achievements and milestones:
Russell indexes are widely used by investment managers and institutional investors and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, please refer to the "Russell Reconstitution" section on the FTSE Russell website.
Forward Looking Statements
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