Cricut, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results
“We entered 2022 expecting to deliver much better financial results.
- “We entered 2022 expecting to deliver much better financial results.
- We benefit from a healthy pipeline of potential users, a strong existing user base, a platform approach and strong balance sheet.
- Operating income was $11.1 million, or 4.0% of total revenue, compared to $25.8 million, or 6.7% of revenue in Q4 2021.
- Net income was $10.9 million or 3.9% of revenue, compared to $11.9 million or 3.1% of revenue in Q4 2021.