Creative Realities, Inc. (NasdaqCM:CREX) will look for M&A. William Logan, Chief Financial Officer said during the Second Quarter 2023 Earnings Conference Call, "There was one question that has come into the inbox with respect to merger and acquisition activity and what, if any, updates the company could provide there. So I think that what I would say there is that we have and we'll continue to evaluate strategic options including M&A. We're in a highly fragmented space, strategic combinations can drive highly accretive value creation, both for ARR, EBITDA, free cash flow and EPS basis. The deals come in all shapes and sizes, and the company has and will continue to evaluate them.

Given our anticipated growth and market position, along with strengthening profitability, there have been a number of discussions for opportunities with favorable deal structure. We could utilize that prospective M&A in conjunction with some kind of capital stack play, but the issuance of equity in those prospective strategic combinations would likely only be considered if the currency was inefficient use of capital. So we've had a few that have been on the sidelines, frankly, while we wait for a resolution or response to the growth that we anticipate".