The stock of Cricut Inc (CRCT) closed the regular trading session at $13.94, losing 0.5% from the previous trading session. On the last check, the stock of CRCT further remained bearish in the after-market, losing 29.77% to $9.79. Cricut Inc reported the fiscal performance for Q4 and FY2021. The company also filed form 8-K with the SEC for reporting the fiscal performance.
CRCT Financials of Q4
On 8 March 2022, CRCT reported the fiscal performance for Q4 of FY21, which concluded on 31 December 2021. The company had total sales of $387.8 million in Q4 of FY21 versus $370.9 million in Q4 of FY22. The total sales saw a growth of 4.5% in the final quarter.
Further, CRCT’s profit was reduced by 15.9% to $104.8 million in Q4 of FY21 against $124.7 million in the corresponding period of last year.
Moreover, the company had a total income of $11.9 million in Q4 of FY21 compared to $61.4 million in the same year-ago period. The total income saw a decline of 80.5%.
Also, Cricut Inc had an EPS of $0.05 in Q4 of FY21 versus $0.30 in the last quarter of FY20. The EPS reduced by 83.3%.
CRCT Financials for FY2021
Cricut Inc (CRCT) also reported the fiscal performance for FY2021. The company had total sales of $1.3 billion in Q4 of FY21 versus $959.03 million in Q4 of FY20. The total sales saw a growth of 36.2% in the final quarter.
Also, CRCT’s profit expanded by 37.6% to $457.4 million in Q4 of FY21 against $332.3 million in the corresponding period of last year.
Moreover, the company had a total income of $140.4 million in FY21 compared to $154.5 million in FY20. The total income saw a decline of 9.1%.
Also, Cricut Inc had an EPS of $0.64 in FY21 versus $0.74 in FY20. The EPS was reduced by 13.5%.
CEO Remarks
The CEO of CRCT, Ashish Arora, commented that this was an astonishing year for them. They developed the business to $1.3 billion in income, up 36% more than 2020. Moreover, Mr. Arora concluded that as they move in 2022, their solid spotlight on development focuses on client commitment and adaptation for the time being.
