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Creative Technology to report operating loss for FY2021

The Edge Singapore
The Edge Singapore7/2/2021 8:22 PM GMT+08  • 1 min read
Creative Technology to report operating loss for FY2021
Creative Technology expects FY2021 revenue of US$83 million vs US$61 million for FY2020
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Creative Technology has guided for an operating loss for the year ended June 30 2021.

The company enjoyed revenue of US$47 million for 1HFY2021 ended Dec 2020, up 52% y-o-y, as demand for its audio products jumped as more people work from home.

However, its revenue for 2HFY2021 has moderated to around US$36 million, although it will still an increase from US$30 million reported for 2HFY2020.

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