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. (symbol: CRCT) is renowned for its innovative cutting plotters, or computer-controlled cutting machines, specifically designed for home crafters. These versatile machines can cut a wide variety of materials including paper, felt, vinyl, fabric, leather, matboard, and even wood.
As a pioneering creative technology company, Cricut offers a unique creativity platform that empowers users to transform their ideas into professional-grade handmade products. The company's ecosystem integrates connected machines, design applications, accessories, and materials, enabling the creation of personalized items ranging from birthday cards and mugs to T-shirts and extensive interior decorations.
Cricut’s revenue streams are composed of three primary segments:
- Connected Machines: Sales of machine hardware and essential software.
- Subscriptions: Monthly and annual fees for access to exclusive designs, fonts, and other premium features.
- Accessories and Materials: A range of craft-related products and tools, including the Cricut EasyPress, Cricut Mug Press, and Cricut Autopress.
The company's product suite includes industry-leading devices such as the Cricut Maker series, Cricut Explore series, Cricut Joy, and Cricut Venture. Additionally, unique tools like the Cricut EasyPress and the Infusible Ink system, along with a vast array of crafting materials, enhance the creative process.
Recent company updates include an earnings call webcast available on Cricut’s investor relations website. The company actively uses its investor relations site and the Cricut News Blog to share material non-public information, ensuring compliance with Regulation FD. These platforms, along with press releases, SEC filings, and public conference calls, provide stakeholders with the latest business updates.
Cricut is committed to supporting a vibrant community of millions of users globally, fostering creativity and innovation with every project.
For more information, please visit the Cricut investor relations website or the Cricut News Blog.
Cricut, Inc. (NASDAQ: CRCT) will report its financial results for the first quarter ending March 31, 2023, after market close on May 9, 2023. Management will hold a conference call at 3:00 p.m. Mountain Time to discuss the results. A live webcast will be available on Cricut's investor relations site, with a replay accessible afterward. Cricut specializes in creative technology, providing users with cutting machines and design software to facilitate DIY projects. Their product line includes the Cricut Maker, Cricut Explore, and Cricut Joy, supported by a community of millions of dedicated users.
Cricut reported its financial results for FY 2022, achieving a net income of $60.7 million (6.8% margin) despite a 32% revenue decline to $886.3 million. The company generated $117.7 million in cash from operations and ended the year with nearly 7.9 million users, up 23% year-over-year. Paid subscribers grew 28% to 2.6 million. Q4 revenue was $280.8 million, down from $387.8 million in Q4 2021, but subscription revenue increased to $71.1 million. The gross margin improved to 39.5%. Cricut noted challenges from macroeconomic factors and excess channel inventory but aims for increased user engagement and growth in 2023.
SOUTH JORDAN, Utah, March 01, 2023 (GLOBE NEWSWIRE) -- Cricut, the creative technology company, has announced that its management team will present at the Morgan Stanley Technology, Media and Telecom Conference. This event is scheduled for Wednesday, March 8, 2022, at 8:35 am PT. The presentation will be available via live webcast on Cricut's investor relations website, and a replay will be accessible afterward. Cricut is known for its innovative cutting machines and design software, enabling users to create high-quality DIY projects efficiently. For more details, visit the Cricut Investor Relations page.
Cricut, Inc. (NASDAQ: CRCT), a leader in creative technology, announced it will release its financial results for Q4 and fiscal year ending December 31, 2022, on March 7, 2023. The results will be available after U.S. market close, followed by a conference call at 3:00 p.m. MT (5:00 p.m. ET). Investors and analysts can access a live webcast on Cricut's investor relations website, with a replay available later. The company provides innovative cutting machines and design software that empower users to create high-quality DIY projects.
Cricut, Inc. (NASDAQ: CRCT) has declared a special cash dividend of $0.35 per share for holders of Class A and Class B Common Stock. This dividend, totaling approximately $77 million, is payable on February 15, 2023, to shareholders on record by February 1, 2023. The company reported a strong balance sheet with $198 million in cash at the end of Q3 and expects to surpass $260 million by the end of 2022, with no debt. Cricut aims to maintain liquidity while returning capital to shareholders through this dividend and its ongoing share repurchase program.
Cricut, Inc. (NASDAQ: CRCT) announced its Q3 2022 financial results, revealing a revenue of $177.0 million, a 32% decline year-over-year. Total users surged to nearly 7.5 million, marking a 30% increase, with paid subscribers rising to 2.5 million, up 35%. Despite the revenue drop, Cricut achieved its 15th consecutive quarter of profitability with a net income of $12.4 million. The gross margin improved to 46.2% from 39.2% in Q3 2021, reflecting stronger fundamentals amidst macroeconomic challenges.
Cricut, Inc. (NASDAQ: CRCT) will report its third quarter financial results for the period ending September 30, 2022, on November 8, 2022, after market close. Management will conduct a conference call at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results. Interested parties can access a live webcast on the investor relations website, with a replay available afterward. Cricut's technology empowers users to create high-quality DIY projects through its cutting machines and design software, fostering a global community of creative individuals.
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