Cricut, Inc. - CRCT STOCK NEWS

Cricut, Inc. (NASDAQ: CRCT) reported Q2 2022 financial results with revenue of $183.8 million, a 45% decline from Q2 2021. Despite the revenue drop, the company maintained profitability with a net income of $13.8 million, down 71.9% year-over-year. Total users grew to nearly 7.2 million, up 34% year-over-year, while paid subscribers reached 2.4 million, also a 34% increase. Cricut's board authorized a $50 million share repurchase program. CEO Ashish Arora expressed confidence in the company's future, citing inventory rebalancing and a robust business model.

Cricut, Inc. (NASDAQ: CRCT) will report its financial results for Q2 2022 on August 9, 2022, after U.S. market close. Management will host a conference call and webcast at 3:00 PM MT (5:00 PM ET) to discuss the results. The live webcast can be accessed on Cricut's investor relations website, and a replay will be available afterward. Cricut, known for its innovative cutting machines and design software, provides users with tools for high-quality DIY projects.

Cricut, a creative technology company listed under NASDAQ: CRCT, announced its management team will present at Baird’s 2022 Global Consumer, Technology & Services Conference on June 8, 2022, at 9:15 am PT. The presentation will be available via live webcast on Cricut's investor relations website, with a subsequent replay accessible after the event. Cricut specializes in cutting machines and design software, offering products like the Cricut Maker® and Cricut Explore® family. The company promotes a global community of users devoted to creativity.

Cricut (NASDAQ: CRCT) reported Q1 2022 financial results with revenue of $244.8 million, down 24% year-over-year but up 70% from two years ago. The company achieved its 13th consecutive quarter of profitability with a net income of $23.5 million, reflecting a 52% decrease compared to Q1 2021. Total users increased by 40% year-over-year to over 6.9 million, with paid subscribers growing by 43% to over 2.3 million. Despite a decline in connected machine revenue, Cricut maintains a strong balance sheet and emphasizes long-term growth opportunities.

Cricut, Inc. (NASDAQ: CRCT) will announce its financial results for Q1 2022 on May 10, 2022, after market close. The management team will host a conference call at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) to discuss the results. Investors can access the call via telephone or through a live webcast on Cricut's investor relations website. Cricut is a creative technology company, known for its cutting machines and design software, helping users create high-quality DIY projects.

Cricut reported a full-year revenue of $1.3 billion, representing a 36% growth over 2020. Total users surged to over 6.4 million, a 48% increase year-on-year, with paid subscribers climbing to 2 million, up 56%. The company achieved net income of $140.5 million, but this was down 9% compared to the previous year. Q4 revenue was $387.8 million, a 5% increase from Q4 2020, yet net income dropped by 81%. Gross margin fell to 27% from 33.6% in Q4 2020, primarily due to increased promotions and inflation pressures.

Cricut, a creative technology company, announced that its management team will present at Morgan Stanley’s Technology, Media and Telecom Conference on March 9, 2022, at 11:30 am PT. The presentation will be webcast live on Cricut's investor relations website, with a replay available afterward. Cricut offers a platform for DIY projects, featuring cutting machines like Cricut Maker and Cricut Explore, alongside design software and tools. The company emphasizes community engagement and aims to keep stakeholders informed through its investor relations website and news blog.

Cricut, Inc. (NASDAQ: CRCT) will release its fourth quarter and full year financial results for 2021 after market close on March 8, 2022. A conference call hosted by management will take place at 3:00 p.m. MT (5:00 p.m. ET) that same day to discuss these results. The call will be accessible via a dedicated telephone line or through a live webcast on Cricut's investor relations website. Cricut is known for its cutting machines and design software that empower users to create high-quality DIY projects.

Cricut Inc. (NASDAQ: CRCT) has announced that Marty Petersen, the current CFO, will retire on September 30, 2022, transitioning out of his role by March 31, 2022. He will be succeeded by Kimball Shill, currently the Executive Vice President of Operations, who will assume the CFO position effective April 1, 2022. Petersen has been instrumental in growing Cricut's revenue from $74 million in 2014 to nearly $1.3 billion by September 30, 2021. Shill brings over 25 years of experience and is expected to contribute to the company's continued long-term growth.