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Cricut, Inc. - $CRCT STOCK NEWS

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.

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In celebration of Mother's Day, local female artists in four major U.S. cities - Austin, Chicago, New York, and San Francisco - collaborated with Cricut, Inc. (NASDAQ: CRCT) to create heartwarming murals. These unique pieces of art aim to inspire and bring joy to the communities they reside in, each reflecting the artist's individual experiences and design elements made with Cricut cutting machines.

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Cricut, Inc. reported first-quarter 2024 financial results, with 2.8 million paid subscribers, a revenue of $167.4 million (8% decline from Q1 2023), and a net income of $19.6 million (up 116% from Q1 2023). The company achieved its 21st consecutive quarter of profitability, with strong operating margin growth and exciting capital allocation plans. Despite some revenue decreases, Cricut remains optimistic about platform engagement and user growth.

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Cricut, Inc. will announce its first quarter 2024 financial results on May 7, 2024. The company will host a conference call and webcast to discuss the results, providing access to a live webcast and a replay. Investors can pre-register for the earnings call to receive dial-in details and a unique PIN code for entry.
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Cricut, Inc. announced its financial results for Q4 and FY 2023, reporting a 14% revenue decline compared to FY 2022. Despite lower sales, the company achieved a 7th consecutive year of profitability, with net income of $53.6 million. Paid subscribers increased to 2.77 million, and total users grew to over 8.9 million. The company intends to boost marketing efforts in 2024 to drive interest and demand.
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Cricut's Women's History Month survey reveals that 84% of women prioritize mental health, with 70% focusing on crafting. Women feel overwhelmed by various roles but find inspiration and support from each other. The study emphasizes the importance of self-care, creative outlets, and fostering supportive communities among women.
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Cricut, Inc. announces its management team's participation in upcoming investor conferences. The company will present at Morgan Stanley's Technology, Media and Telecom Conference on March 6, 2024, and at ROTH MKM Conference on March 18, 2024. The presentations will be webcast live on Cricut's investor relations website.
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Cricut, Inc. will report its Q4 2023 financial results on March 5, 2024, after the U.S. markets close. The earnings call will be hosted by Cricut management at 3:00 p.m. MT. Investors can access the live webcast on Cricut's investor relations website. Pre-registering for the call is recommended to receive a unique PIN code for entry.
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CRCT: Cricut Reports 16% Growth in Total Users, 11% Increase in Paid Subscribers, and 38% Rise in Net Income in Q3 2023
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Cricut, Inc. to report Q3 2023 financial results on November 7, 2023
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Cricut management team to present at upcoming investor conferences.
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FAQ

What does Cricut, Inc. specialize in?

Cricut, Inc. specializes in creative technology, offering cutting machines, design apps, and crafting materials for home crafters.

How does Cricut generate revenue?

Cricut generates revenue through the sale of connected machine hardware, subscription fees, and crafting accessories and materials.

What materials can Cricut machines cut?

Cricut machines can cut a variety of materials including paper, felt, vinyl, fabric, leather, matboard, and wood.

What are some of Cricut's popular products?

Popular products include the Cricut Maker series, Cricut Explore series, Cricut Joy, Cricut Venture, Cricut EasyPress, and the Infusible Ink system.

Where can I find Cricut's latest business updates?

Latest business updates can be found on Cricut's investor relations website and the Cricut News Blog.

What is unique about Cricut's product ecosystem?

Cricut’s ecosystem integrates connected machines, design applications, accessories, and materials, enabling personalized crafting projects from start to finish.

Does Cricut offer any subscription services?

Yes, Cricut offers monthly and annual subscriptions that provide access to exclusive designs, fonts, and premium features.

How can I participate in Cricut’s earnings calls?

You can participate in Cricut's earnings calls by registering via the provided link on their investor relations website.

What should I do if I need more investor information about Cricut?

For more information, you can contact Cricut's investor relations at investors@cricut.com.

How does Cricut support its user community?

Cricut supports its user community by providing innovative tools, a variety of materials, and fostering a platform for creativity and DIY projects.

Cricut, Inc.

Nasdaq:CRCT

CRCT Rankings

CRCT Stock Data

1.45B
46.27M
9.86%
35.22%
1.76%
Audio and Video Equipment Manufacturing
Manufacturing
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United States of America
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