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.
For FY2021, Creative Technology expects to report revenue of US$83 million compared to US$61 million for FY2020. It incurred losses of US$17.6 million for FY2020.
Details of the financial results will be available when its FY2021 earnings are released in August 2021.
Creative shares closed July 2 at $2.70, up 2.27%.
