Circut Results Presentation Deck

cricut As % of Revenue Gross Margin R&D Expense S&M Expense Cricul G&A Expense Operating Margin¹ Long-term target model ricur FY19 29% 5% 8% 5% 11% FY20 35% 4% 7% 3% 21% FY21 04 and Full Year 2021 Financial Results 35% 6% 10% 4% 15% Long-Term Targets 37 - 38% 7-8% 8 - 10% 3-4% 15 - 19% 1. Starting 2022, the company will be focused on managing the business to long-term operating margins as the primary metric to measure profitability and will no longer include EBITDA as part of the long-term target model. Previously, the company's long-term EBITDA target range was 17% -20% 29

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