Creatd Set to be Added to Russell Microcap® Index

Published on June 06, 2021

- 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:

  • In less than five years since launch, the Company's flagship platform Vocal has amassed over 1 million registered creators, including over 25,000 premium Vocal+ subscribers. The Company projects that it will hit 100,000 premium Vocal+ members by year-end 2021.
  • The Company recently launched the Vocal Ambassador Program, representing the platform's first referral feature, which is designed to help the Company achieve its projected 100,000 premium subscribers by year-end 2021. To support its freemium and premium subscriber growth, the Company intends to continue to invest across multiple areas of its business, including a series of product enhancements and infrastructure updates anticipated to be rolled out on Vocal this year.
  • At year-end 2020, Creatd introduced Creatd Partners, its new business segment focused on corporate venture opportunities, and entered into its first agreement with direct-to-consumer health food brand Plant Camp. Creatd has since increased its total ownership stake in Plant Camp to 89%.

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

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

Listen to article