earnings
confidence high
sentiment negative
materiality 0.85
Cricut Q1 revenue $244.8M (-24% YoY), net income $23.5M (-52% YoY), EPS $0.11
Cricut, Inc.
2022-Q1 EPS reported
$0.11
revenue$244,783,000
- Revenue $244.8M, down 24% YoY; net income $23.5M, down 52% YoY; diluted EPS $0.11.
- Connected machine revenue $62.4M, down 56% YoY; subscriptions revenue $64.8M, up 40% YoY.
- Total users 6.9M (+40% YoY); paid subscribers 2.3M (+43% YoY).
- Gross margin improved to 40.5% from 37.1% YoY; operating income margin 12.8% vs 20.0%.
- International revenue grew 9% YoY to 15% of total revenue.