Cricut

Cricut, Inc., distributes scrap book, craft and home decor items. The firm’s products include its flagship line of cutting machines, such as the Cricut Maker family, the Cricut Explore family, and Cricut Joy, accompanied by other tools like Cricut EasyPress, the Infusible Ink system, and a diverse collection of materials. It operates through the following segments: Connected Machines, Subscriptions, and Accessories & Materials. The company was founded by Robert Workman in June 1969 and is headquartered in South Jordan, UT.

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Earnings data Q4 2024

Cricut reports revenue decline, focuses on user growth and engagement

Cricut reported a decline in revenue but highlighted user growth and subscription increases. The company faces challenges with declining revenue, margin pressures, and normal seasonality expectations in 2023.
Despite challenges, Cricut's strengths include strategic financial management, user engagement initiatives, and market expansion strategies. Opportunities exist in further user acquisition, engagement enhancement, and cost optimization.
To navigate challenges and capitalize on opportunities, Cricut must focus on revenue diversification, cost management, and strategic user engagement. Balancing short-term promotional activities with long-term margin improvements will be crucial for sustained growth.

Cricut reports Q1 revenue miss, focuses on user growth

Cricut's Q1 performance reflects a mixed picture with revenue challenges but notable growth in subscription and cash generation.
The company's financial stability, user base, and focus on user engagement provide a strong foundation for future growth.
Balancing profitability with investments in growth areas will be crucial for Cricut to navigate market pressures and capitalize on opportunities.

Cricut reports Q2 revenue dip but sees growth in new users and product innovation

Cricut's Q2 2023 performance showed mixed results with revenue decline but promising growth in machine sales and user acquisition. The company's focus on engagement, new product offerings, and market strategies highlights its proactive approach to driving growth.
Despite challenges in revenue decline and margin pressures, Cricut's strengths in product innovation, user retention, and market positioning provide a solid foundation for future growth. Opportunities in leveraging Cricut Venture, enhancing engagement, and expanding market reach position the company for success.
To address challenges and capitalize on opportunities, Cricut must navigate margin pressures, optimize promotional strategies, and enhance user engagement. The company's phased approach to product rollout and focus on driving new user growth indicate a strategic path towards sustained growth and market expansion.

Cricut reports robust Q3 earnings, eyes growth through engagement

Cricut's Q3 showcased strong financial performance and strategic focus on profitability and user engagement. While facing challenges in certain sales segments, the company is well-positioned to capitalize on growth opportunities and drive sustainable profitability.

Cricut focuses on profitability and growth strategies amidst revenue challenges

Cricut's Q4 2023 performance showed revenue decline but improved profitability and operating income.
The company's strengths lie in financial stability, user engagement strategies, and marketing innovations.
Challenges include revenue pressures, international market difficulties, and achieving target operating margins.
Opportunities exist in marketing enhancements, global expansion, and driving sustainable growth strategies.

Cricut reports stellar Q1 performance, focuses on user engagement

Cricut's Q1 2024 showcased robust financial performance driven by operational efficiencies and subscriber growth, though Products revenues faced a decline.
The company's strategic initiatives to enhance user experience, expand product offerings, and drive engagement position it well for future success.
While challenges like declining product revenues exist, opportunities in dividends, marketing campaigns, and AI-driven enhancements offer avenues for continued growth.

Cricut reports robust Q2 performance, eyes international growth opportunities

Cricut's Q2 2024 earnings call highlighted strong performance, user base growth, and marketing success.
While facing challenges in product sales pressure and operational aspects, the company remains optimistic.
Opportunities for growth through international expansion, marketing enhancements, and strategic initiatives were emphasized.

Cricut reports mixed Q3 results, focuses on subscriber growth

Cricut's Q3 2024 showcased mixed performance with revenue declines but subscriber growth, highlighting resilience in international markets.
The company faces challenges in product segment sales and operating income decline, necessitating strategic adjustments.
Despite challenges, Cricut's strong gross margin and cash position provide a foundation for navigating uncertainties and pursuing growth opportunities.
Focused efforts on engagement, market analysis, and revenue diversification can drive future growth and mitigate current challenges.

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I maintain a sell rating for Cricut Inc. due to ongoing operational headwinds and a challenging consumer spending environment impacting near-term growth. 3Q24 earnings showed a 4% y/y revenue decline, gross margin compression, and a significant drop in EBITDA and net margins. Active users declined y/y for the first time, with management guiding further declines, indicating persistent demand challenges.

Cricut Inc.: There Are Still Visible Operational Headwinds

Cricut, Inc. (NASDAQ:CRCT ) Q3 2024 Earnings Conference Call November 5, 2024 5:00 AM ET Company Participants Jim Suva - Senior Vice President of Finance and Treasurer Ashish Arora - Chief Executive Officer & Director Kimball Shill - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Angus Kelleher-Ferguson - Barclays Asiya Merchant - Citigroup Eric Sheridan - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Cricut Q3 2024 Earnings Conference Call.

Cricut, Inc. (CRCT) Q3 2024 Earnings Call Transcript

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.08 per share a year ago.

Cricut, Inc. (CRCT) Q3 Earnings Lag Estimates

Paid subscribers over 2.8 million, up 5% over Q3 2023 Q3 2024 revenue of $167.9 million, down 4% compared to Q3 2023 Delivered 23rd consecutive quarter of profitability with net income of $11.5 million SOUTH JORDAN, Utah, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its third quarter ended September 30, 2024. "We are pleased with the increase in paid subscribers in Q3 up 5% YoY to over 2.8 million, which exceeded our expectations.

Cricut, Inc. Reports Third Quarter 2024 Financial Results

SOUTH JORDAN, Utah, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the third quarter ended September 30, 2024 after the U.S. markets close on Tuesday, November 5, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m.

Cricut to Announce Third Quarter 2024 Financial Results on November 5, 2024

SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut® Pursues Legal Action to Protect Against Intellectual Property Infringement.

Cricut® Pursues Legal Action to Protect Against Intellectual Property Infringement

SOUTH JORDAN, Utah, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced an expansion of the company's board of directors.

Cricut Adds New Independent Board Member Heidi Zak

Cricut to Present at Upcoming Investor Conferences SOUTH JORDAN, Utah, August 19, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the crea

Cricut to Present at Upcoming Investor Conferences

Cricut (CRCT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Cricut (CRCT): Will It Gain?

Cricut, Inc. (NASDAQ:CRCT ) Q2 2024 Results Conference Call August 6, 2024 5:00 PM ET Company Participants Jim Suva - Senior Vice President of Finance and Treasurer Ashish Arora - Chief Executive Officer & Director Kimball Shill - Chief Financial Officer Conference Call Participants Eric Woodring - Morgan Stanley Angus Kelleher - Barclays Operator Good day, and thank you for standing by. Welcome to the Cricut Q2 2024 Earnings Conference Call.

Cricut, Inc. (CRCT) Q2 2024 Earnings Call Transcript

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago.

Cricut, Inc. (CRCT) Surpasses Q2 Earnings Estimates

Paid subscribers over 2.8 million, up 3% over Q2 2023 Connected machines revenue growth of 18% over Q2 2023 Q2 2024 revenue of $167.9 million, down 6% compared to Q2 2023 Delivered 22nd consecutive quarter of profitability with net income of $19.8 million , up 23% over Q2 2023 SOUTH JORDAN, Utah, Aug. 06, 2024 (GLOBE NEWSWIRE) --  Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its second quarter ended June 30, 2024. "We are pleased with strong Q2 profitability and 18% growth in connected machines revenue YoY.

Cricut, Inc. Reports Second Quarter 2024 Financial Results

SOUTH JORDAN, Utah, July 16, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the second quarter ended June 30, 2024 after the U.S. markets close on Tuesday, August 6, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m.

Cricut to Announce Second Quarter 2024 Financial Results on August 6, 2024

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.

Personalize and DIY Your 4th of July with Cricut

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Cricut, Inc. (NASDAQ:CRCT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Jim Suva - SVP, Finance, Treasurer & IR Ashish Arora - CEO & Director Kimball Shill - CFO Conference Call Participants Angus Kelleher - Barclays Capital Asiya Merchant - Citi Investment Research Operator Welcome to the cricket Q1 2024 earnings conference call. At this time, all participants are in a listen only mode.

Cricut, Inc. (CRCT) Q1 2024 Earnings Call Transcript

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago.

Cricut, Inc. (CRCT) Beats Q1 Earnings Estimates

Paid subscribers of approximately 2.8 million , up 3% over Q1 2023

Cricut, Inc. Reports First Quarter 2024 Financial Results

SOUTH JORDAN, Utah, April 16, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the first quarter ended March 31, 2024 after the U.S. markets close on Tuesday, May 7, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m.

Cricut to Announce First Quarter 2024 Financial Results on May 7, 2024

Cricut, Inc. (NASDAQ:CRCT ) Q4 2023 Earnings Conference Call March 5, 2024 5:00 PM ET Company Participants Jim Suva - Senior Vice President, Finance Ashish Arora - Chief Executive Officer Kimball Shill - Chief Financial Officer Conference Call Participants Angus Kelleher - Barclays Maya Neuman - Morgan Stanley Asiya Merchant - Citigroup Eric Sheridan - Goldman Sachs Operator Thank you for standing by. Welcome to Cricut, Inc.'s Fourth Quarter 2023 Earnings Conference Call.

Cricut, Inc. (CRCT) Q4 2023 Earnings Call Transcript

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.05 per share a year ago.

Cricut, Inc. (CRCT) Q4 Earnings and Revenues Miss Estimates

Delivered 7th consecutive year of profitability with net income of $53.6 million , or 7.0% margin

News for Cricut Stock (CRCT)