CRCT Q1 2023 Earnings — Cricut, Inc. Revenue & Financial Results | Market Cap Arena

CRCTCricut, Inc.

$873M

Q1 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$181M-26.0% YoY

Gross Profit

$77M42.3% margin

Operating Income

$11M5.8% margin

Net Income

$9M5.0% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-35.5%

Cash Flow

Operating Cash Flow

$95M

Free Cash Flow

$87M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$846M

Total Liabilities

$152M

Stockholders' Equity

$694M

Cash & Equivalents

$232M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$181M	$245M	-26.0%
Gross Profit	$77M	$99M	-22.6%
Operating Income	$11M	$31M	-66.5%
Net Income	$9M	$24M	-61.3%

Revenue Segments

Subscriptions

$75M41%

Accessories And Materials

$72M40%

Connected Machines

$34M19%

Geographic Segments

North America

$148M82%

International

$33M18%