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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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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SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that built a connected platform for making with millions of users worldwide, today released findings for a Women's History Month survey. On the heels of what some are calling the “Year of the Girl” – from the Barbie movie, to girl math and girl dinners, to Beyoncé and Taylor Swift dominating global pop culture – Cricut is highlighting the need for women to turn their attention inwards to.

Cricut Finds 71% of Women Draw Inspiration and Feel Empowered by Other Women

SOUTH JORDAN, Utah, Feb. 13, 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 fourth quarter ended December 31, 2023 after the U.S. markets close on Tuesday, March 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 Fourth Quarter 2023 Financial Results on March 5, 2024

Cricut, Inc. (NASDAQ:CRCT ) Q3 2023 Earnings Conference Call November 7, 2023 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 Maya Neuman - Morgan Stanley Paul Kearney - Barclays Amy Teske - Baird Asiya Merchant - Citigroup Operator Good day and thank you for standing by. Welcome to the Cricut Quarter Three Earnings Conference Call.

Cricut, Inc. (CRCT) Q3 2023 Earnings Call Transcript

Total users grew to over 8.6 million , up 16% over Q3 2022 Paid subscribers of approximately 2.7 million , up 11% over Q3 2022 Delivered 19th consecutive quarter of profitability with net income of $17.2 million , up 38% over Q3 2022 Delivered Q3 2023 revenue of $174.9 million , 1% decline compared to Q3 2022 SOUTH JORDAN, Utah, Nov. 07, 2023 (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, 2023. “The third quarter was strong from a profitability perspective, with operating income +36% year over year despite a 1% sales decline.

Cricut, Inc. Reports Third Quarter 2023 Financial Results

SOUTH JORDAN, Utah, Oct. 17, 2023 (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, 2023 after the U.S. markets close on Tuesday, November 7, 2023. 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 2023 Financial Results on November 7, 2023

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SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut, Inc. (NASDAQ: CRCT), the leading creative DIY platform, today announced its newest cutting machine — Cricut Joy Xtra. Designed to help makers create the most popular projects, like full-color stickers, custom cards, and t-shirts, this new cutting machine works with more than 50 materials with the precision and quality known of the Cricut brand. With its compact size, Cricut Joy Xtra was designed to fit in any space, no craft room required. Powered by.

Cricut launches Cricut Joy Xtra, expanding its platform and cutting machine portfolio

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.06 per share a year ago.

Cricut, Inc. (CRCT) Beats Q2 Earnings and Revenue Estimates

Total users grew to over 8.4 million , up 17% over Q2 2022 Paid subscribers of over 2.7 million , up 15% over Q2 2022 Delivered 18th consecutive quarter of profitability with net income of $16.0 million Delivered Q2 2023 revenue of $177.8 million , 3% decline compared to Q2 2022 SOUTH JORDAN, Utah, Aug. 08, 2023 (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, 2023. “We finished the quarter in line with our expectations and launched some important innovations.

Cricut, Inc. Reports Second Quarter 2023 Financial Results

Cricut, Inc. was a typical beneficiary of the pandemic, and thus was hit hard in its aftermath. While the same boom-bust cycle was seen with Cricut as well, the company maintained financial conservative practices and maintained profitability. This is to be applauded, but a recent run higher in the shares leaves Cricut stock more than fully valued.

Cricut: More Creative Than Appealing

SOUTH JORDAN, Utah, July 18, 2023 (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, 2023 after the U.S. markets close on Tuesday, August 8, 2023. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time).

Cricut to Announce Second Quarter 2023 Financial Results on August 8, 2023

SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut, Inc. (NASDAQ: CRCT), a leading creative technology company, today announced Cricut Venture™, the company's new large-format cutting machine. Cricut Venture cuts a wide variety of materials with precision at commercial speeds, as well as writes, scores, and foils. Cricut Venture builds on the existing Cricut® platform by creating new opportunities for people who are looking to expand their making capabilities, and those looking to grow and scale their.

Introducing Cricut Venture™, the Largest and Fastest Cutting Machine on the Cricut® Platform

SOUTH JORDAN, Utah, May 24, 2023 (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 that members of its management team are scheduled to present at an upcoming investor conference.

Cricut to Present at an Upcoming Investor Conference

SOUTH JORDAN, Utah, May 22, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (NASDAQ: CRCT) (“Cricut,” the “Company” or “we”) today announced that the Board of Directors, through its Audit Committee, has declared a special, one-time cash dividend of $1.00 per share to holders of the Company's Class A and Class B Common Stock. The dividend is payable on July 17, 2023, to stockholders of record at the close of business on July 3, 2023. The aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $234 million. In addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the Company's equity incentive documents. The dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock units.

Cricut, Inc. Declares Special Cash Dividend of $1.00 Per Share

Cricut, Inc. (NASDAQ:CRCT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Jim Suva - Senior Vice President of Finance Ashish Arora - Chief Executive Officer Kimball Shill - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Operator Good day, and thank you for standing by. Welcome to the Circuit Q1 Earnings Conference Call [Operator Instructions].

Cricut, Inc. (CRCT) Q1 2023 Earnings Call Transcript

Cricut, Inc. (CRCT) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago.

Cricut, Inc. (CRCT) Q1 Earnings and Revenues Miss Estimates

Total users grew to over 8.2 million , up 19% over Q1 2022 Paid subscribers increased to over 2.7 million , up 17% over Q1 2022 Delivered 17th consecutive quarter of profitability with net income of $9.1 million Delivered Q1 2023 revenue of $181.2 million , 26% decline compared to Q1 2022 SOUTH JORDAN, Utah, May 09, 2023 (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 first quarter ended March 31, 2023. “Despite softer than expected Q1 results, we are very encouraged by our subscriptions revenue growth which increased 16% year over year and 6% quarter over quarter.

Cricut, Inc. Reports First Quarter 2023 Financial Results

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SOUTH JORDAN, Utah, April 18, 2023 (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, 2023 after the U.S. markets close on Tuesday, May 9, 2023. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time).

Cricut to Announce First Quarter 2023 Financial Results on May 9, 2023

Cricut (NASDAQ: CRCT) is a story linked to the pandemic. Its IPO came a year after the pandemic began, and the first year of growth was driven by social distancing, stay-at-home-activity, and pandemic spending.

Can Cricut Stock Jump Higher In 2023?

Cricut, Inc. (NASDAQ:CRCT ) Q4 2022 Earnings Conference Call March 7, 2023 5:00 PM ET Company Participants Stacie Clements – Investor Relations-The Blueshirt Group Ashish Arora – Chief Executive Officer Kimball Shill – Chief Financial Officer. Conference Call Participants Mark Altschwager – Baird Jim Suva – Citi Adrienne Yih – Barclays Stacie Clements Thank you, operator, and good afternoon, everyone.

Cricut, Inc. (CRCT) Q4 2022 Earnings Call Transcript

Delivered 6th consecutive year of profitability with net income of $60.7 million , or 6.8% margin

Cricut, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

SOUTH JORDAN, Utah, Feb. 02, 2023 (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 fourth quarter and fiscal year ended December 31, 2022 after the U.S. markets close on Tuesday, March 7, 2023. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time).

Cricut to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on March 7, 2023

SOUTH JORDAN, Utah, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Cricut, Inc. (NASDAQ: CRCT) (“Cricut,” the “Company” or “we”) today announced that the Board of Directors, through its Audit Committee, has declared a special, one-time cash dividend of $0.35 per share to holders of the Company's Class A and Class B Common Stock. The dividend is payable on February 15, 2023, to stockholders of record at the close of business on February 1, 2023. The aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $77 million. In addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the Company's equity incentive documents. The dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock units.

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