Cricut, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 04:13 pm EDT
Share
Cricut, Inc. announces consolidated unaudited earnings results for the first quarter ended March 31, 2021. For the quarter, the company reported total revenue of $323,822,000 compared $143,723,000 a year ago. Income from operations was $64,664,000 compared to $17,450,000 a year ago. Net income was $49,418,000 compared to $13,040,000 a year ago. Basic and diluted earnings per share was $0.24 compared to $0.06 a year ago.
Cricut, Inc. is a creative technology company. The Company designs and builds its ecosystem of connected cutting machines, accessories, and materials for scalability and integration. Its segments include Connected Machines, Subscriptions and Accessories and Materials. The Connected Machines segment is engaged in the sale of its connected machine hardware and related essential software. The Accessories and Materials segment consists of craft, do it yourself (DIY), home decor products and heat presses. The Company's products include a flagship line of smart cutting machines - the Cricut Maker series, the Cricut Explore series, and Cricut Joy series, and Cricit Venture series - accompanied by other tools like Cricut EasyPress, the Infusible Ink system, and a diverse collection of materials. The Cricut platform centers around its cloud-based app, Cricut Design Space, giving users access to create and work on their projects anywhere, at any time, across desktop and mobile devices.
CRICUT, INC. 
