Welcome to our dedicated page for Cricut news (Ticker: CRCT), a resource for investors and traders seeking the latest updates and insights on Cricut stock.
Cricut, Inc. (CRCT) delivers innovative technology solutions for DIY creators through its integrated ecosystem of cutting machines, design software, and craft materials. This news hub provides investors and enthusiasts with verified updates about the company's operational developments and market position.
Access official press releases covering quarterly earnings, product launches, and strategic partnerships, alongside analysis of technological advancements in connected crafting systems. The curated collection serves as a reliable resource for understanding Cricut's dual focus on hardware innovation and digital content growth.
Key updates include developments in the Cricut Access subscription platform, new machine capabilities for home crafters, and material science breakthroughs enabling diverse creative applications. Content is organized chronologically with clear sourcing to ensure transparency.
Bookmark this page for streamlined access to CRCT's corporate communications, or use the information for comparative market analysis within the creative technology sector. Always verify time-sensitive data through official SEC filings when making financial decisions.
Cricut (NASDAQ: CRCT) reported its Q2 2024 financial results, showcasing a mix of growth and declines. Q2 revenue was $167.9 million, down 6% YoY. However, connected machines revenue grew by 18% and net income increased by 23% to $19.8 million. The company also posted a gross margin of 53.5% and an operating income of $26.4 million.
Key metrics include a 3% rise in paid subscribers to over 2.8 million, and a 5% increase in Platform ARPU to $52.61. Cricut remains debt-free with $299 million in cash and generated $35 million in cash from operations this quarter. Shareholder returns included $9.3 million for repurchasing 1.5 million shares and a special dividend payout.
Noteworthy is the increase in international revenue by 3%. However, product revenue dipped 10%, and 90-day engaged users decreased by 3% YoY.
Cricut, Inc. (NASDAQ: CRCT), a creative technology company, has announced it will release its second quarter 2024 financial results on August 6, 2024, after U.S. markets close. The company will host a conference call and webcast at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) on the same day to discuss the results.
Investors can access the live webcast on Cricut's investor relations website. A replay will be available after the event. To join the audio call, participants must pre-register using the provided link, after which they will receive dial-in details and a unique PIN code. To avoid delays, registration is recommended at least one day in advance or 15 minutes before the call starts.
In celebration of Mother's Day, local female artists in four major U.S. cities - Austin, Chicago, New York, and San Francisco - collaborated with Cricut, Inc. (NASDAQ: CRCT) to create heartwarming murals. These unique pieces of art aim to inspire and bring joy to the communities they reside in, each reflecting the artist's individual experiences and design elements made with Cricut cutting machines.
Cricut, Inc. reported first-quarter 2024 financial results, with 2.8 million paid subscribers, a revenue of $167.4 million (8% decline from Q1 2023), and a net income of $19.6 million (up 116% from Q1 2023). The company achieved its 21st consecutive quarter of profitability, with strong operating margin growth and exciting capital allocation plans. Despite some revenue decreases, Cricut remains optimistic about platform engagement and user growth.
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