CRCT Q1 2022 Earnings — Cricut, Inc. Revenue & Financial Results | Market Cap Arena

CRCTCricut, Inc.

$873M

Q1 2022 Earnings

Technology Computer Hardware

Income Statement

Revenue

$245M-24.4% YoY

Gross Profit

$99M40.5% margin

Operating Income

$31M12.8% margin

Net Income

$24M9.6% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-36.9%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$6M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$966M

Total Liabilities

$260M

Stockholders' Equity

$707M

Cash & Equivalents

$246M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$245M	$324M	-24.4%
Gross Profit	$99M	$120M	-17.7%
Operating Income	$31M	$65M	-51.4%
Net Income	$24M	$49M	-52.4%

Revenue Segments

Accessories And Materials

$118M48%

Subscriptions

$65M26%

Connected Machines

$62M25%

Geographic Segments

North America

$208M85%

International

$36M15%