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 reported a 24.4% revenue growth in Q3 2021, totaling $260.1 million, driven by a 55.8% increase in paid subscribers to 1.8 million. The company achieved its 11th consecutive quarter of profitability with a net income of $30.0 million and an EBITDA of $42.7 million. Despite these gains, gross margin declined to 39.2% from 42.8% in Q3 2020. International revenue surged 109.7%, and the user base expanded to 5.7 million, marking a 55.7% year-over-year increase. Future growth strategies include enhanced user experience and international expansion.
Cricut, Inc. (NASDAQ: CRCT) announced it will report its third quarter financial results on November 10, 2021, after U.S. markets close. A conference call will follow at 3:00 p.m. MT (5:00 p.m. ET) to discuss these results. Investors can access the live call via phone or through Cricut's investor relations website, where an archived version will also be available. Cricut is committed to leveraging technology to enhance creativity in home projects, offering innovative products like smart cutting machines, and aims to maintain transparency by using various channels for investor communication.
Cricut, a creative technology company, announced its participation in Citi’s 2021 Global Technology Virtual Conference on September 15, 2021, at 9:40 am ET. The management team will present insights into Cricut's innovative platform, which empowers users to create personalized handmade projects. The presentation will be available for live streaming on Cricut’s investor relations website, with a replay accessible afterward. Cricut is dedicated to unleashing creativity through its smart cutting machines and community engagement.
Cricut reported strong Q2 2021 results with revenues of $334.5 million, marking a 42.1% increase from Q2 2020. Paid subscribers surged 77% year-over-year to 1.8 million, while total users reached 5.4 million. The company achieved net income of $49.1 million and delivered an EBITDA of $68.5 million. Cricut continues to innovate by launching new machines and materials, enhancing user engagement, and expanding its international presence. This marks Cricut's tenth consecutive quarter of profitability, demonstrating robust growth and a strong community of engaged users.
Cricut, Inc. (NASDAQ: CRCT) announced it will release its second-quarter financial results on August 12, 2021, after market close. A conference call will follow at 3:00 p.m. Mountain Time to discuss the results. Cricut, a leader in creative technology, aims to empower users with innovative products including the Cricut Maker® and Cricut Explore® families. The company's investor relations website will provide access to the conference call and additional financial information.
Cricut, Inc. (NASDAQ: CRCT) reported remarkable financial results for Q1 2021, showcasing a 125.3% revenue growth year-over-year, reaching $323.8 million. The company added 600,000 users in the last three months, with total users climbing to 4.9 million and paid subscribers exceeding 1.6 million. Net income soared to $49.4 million, up 279% from Q1 2020, marking the ninth consecutive quarter of profitability. Cricut also reported EBITDA of $68.6 million, with international revenue growing 253.4%.
Cricut (NASDAQ: CRCT), a leading creative technology company, announced its management team will present at two upcoming investor conferences. The first is the Morgan Stanley Life After COVID Thematic Conference on May 18, 2021, at 2:15 pm ET. The second is the Baird Global Consumer, Technology & Services Conference on June 9, 2021, at 2:35 pm ET. Both presentations will be available via live webcast on Cricut's investor relations website, with replays following each event.
Cricut (NASDAQ: CRCT) announced it will report its Q1 financial results for the period ending March 31, 2021, on May 13, 2021, after market close. A conference call will follow at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results. Cricut, a leader in creative technology, has over four million users globally, offering innovative products like smart cutting machines and various crafting tools. Investors can find more details and access the conference call link on Cricut’s investor relations website.
Cricut, Inc. has announced the pricing of its initial public offering (IPO) of 15,314,903 shares of Class A common stock at a public price of $20.00 per share. Of these, 13,250,000 shares are offered by Cricut and 2,064,903 by existing shareholders. The IPO includes a 30-day underwriter option for an additional 2,297,235 shares. Trading is set to commence on Nasdaq under the ticker symbol CRCT on March 25, 2021, with the offering closing expected on March 29, 2021. Goldman Sachs and Morgan Stanley are the lead managers for the offering.
Cricut has initiated its roadshow for the proposed IPO of its Class A common stock, planning to offer 15.3 million shares priced between $20 and $22 each. Of this, 13.25 million shares will be issued by Cricut, while the remaining shares will be sold by existing shareholders. The underwriters may purchase an additional 2.3 million shares. The company is expected to list on the Nasdaq under the ticker symbol CRCT, with Goldman Sachs and Morgan Stanley serving as lead managers. A registration statement for the offering has been filed with the SEC but has yet to become effective.
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