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. (NASDAQ: CRCT) is a creative technology company in the manufacturing sector whose cutting machines and design software form a connected platform for DIY projects. The CRCT news page on Stock Titan aggregates company press releases, earnings announcements and other disclosures so readers can follow how this platform business evolves over time.
Recent Cricut news has focused on quarterly and annual financial results, including updates on Platform and Products revenue, profitability and cash generation. Management commentary in these releases highlights trends in Active Users, 90-Day Engaged Users, Paid Subscribers and Platform ARPU, metrics that the company uses to evaluate the health of its business and user engagement with its subscription offerings.
News items also cover capital allocation decisions such as stock repurchase activity and dividends on Class A and Class B common stock, as well as product announcements like the launch of the Cricut Explore 4 and Cricut Maker 4 smart cutting machines. In addition, Cricut regularly announces upcoming earnings calls and investor conference presentations, giving investors and analysts insight into how the company presents its strategy and performance.
By reviewing the CRCT news feed, readers can see how Cricut’s connected platform, user metrics, product portfolio and financial profile are described in its own communications. Bookmark this page to access a consolidated view of Cricut’s official news flow, from earnings releases to product updates and investor events.
Cricut (NASDAQ: CRCT) has scheduled its first quarter 2025 financial results announcement for May 6, 2025, after U.S. markets close. The creative technology company will discuss its financial performance for the quarter ended March 31, 2025, through a conference call and webcast at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time).
Investors can access the live webcast through Cricut's investor relations website. Pre-registration is required for the audio call, with registrants receiving dial-in details and a unique PIN code via email. To ensure smooth access, participants are encouraged to register at least one day in advance or minimum 15 minutes before the call.
Cricut Inc. (NASDAQ: CRCT) reported its Q4 and full-year 2024 financial results, marking its 8th consecutive year of profitability. The company achieved net income of $62.8 million (8.8% margin), a 17% increase from 2023. While annual revenue declined 7% to $712.5 million, platform revenue grew 1% to $313.0 million.
Key highlights include:
- Cash from operations reached $265.0 million in 2024
- Paid subscribers increased 7% to 2.96 million
- Platform ARPU grew 2% to $53.12
- International revenue grew 1% to $157.5 million
The company recently launched two new cutting machines, Cricut Explore 4 and Cricut Maker 4, with positive initial feedback. Despite current challenges, management expects profitability in each quarter of 2025 and continues its $50 million stock repurchase program, with $22.9 million remaining.
Cricut (NASDAQ: CRCT) has unveiled its next-generation smart cutting machines: Cricut Explore 4 and Cricut Maker 4, available from February 28 in the US and Canada. The new machines, priced at $249.99 and $399.99 respectively, offer significant improvements over previous models:
- Up to 2x faster cutting speeds for materials like cardstock and vinyl
- Enhanced out-of-box experience with included materials for 10 initial projects
- Lower price point compared to previous generation
- Available in Seashell color on Cricut.com and Michaels, with Sage color exclusive to Michaels bundles
The machines feature improved user experience in Design Space® and come with Smart Vinyl™, Cardstock, Smart Iron-on™, Transfer Tape, Mini Weeder, and Light Grip Machine Mat. Wider retail availability begins March 14.
Cricut (NASDAQ: CRCT) has announced its management team will present at Morgan Stanley's Technology, Media and Telecom Conference on March 5, 2025, in San Francisco, California. The presentation will be available via live webcast on Cricut's investor relations website, with a replay accessible after the event.
Cricut is a creative technology company providing a connected platform for DIY projects through its smart cutting machines and design software. Their product lineup includes the Cricut Maker series, Cricut Explore series, Cricut Joy, and Cricut Venture, along with tools like Cricut EasyPress and the Infusible Ink system. The company serves millions of users worldwide through its creative platform and diverse collection of materials.
Cricut (NASDAQ: CRCT) has announced it will release its fourth quarter 2024 financial results on Tuesday, March 4, 2025, after U.S. markets close. The company will host a conference call and webcast at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) to discuss the results.
Investors can access the live webcast through Cricut's investor relations website. Pre-registration is required for the audio call, with registrants receiving dial-in details and a unique PIN code via email. To avoid delays, participants are encouraged to register at least one day in advance or minimum 15 minutes before the call.
Cricut reported Q3 2024 financial results with revenue of $167.9 million, down 4% from Q3 2023. Paid subscribers grew 5% year-over-year to over 2.8 million. Platform revenue was $77.7 million, slightly up, while products revenue declined 7% to $90.2 million. Net income was $11.5 million (6.8% of revenue), down 33% from Q3 2023. The company generated $70 million in cash from operations and announced a semi-annual dividend of $0.10 per share. International revenue increased by 2%, representing 23% of total revenue.
Cricut, Inc. (NASDAQ: CRCT), the creative technology company, has announced it will report its financial results for the third quarter ended September 30, 2024 after U.S. markets close on Tuesday, November 5, 2024. The company will host a conference call and webcast to discuss the results at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) on the same day.
Investors can access the live webcast of the earnings call on Cricut's investor relations website at https://investor.cricut.com/. A webcast replay will be available after the event. To join the audio call, participants must pre-register using the provided link, after which they will receive dial-in details and a unique PIN code via email. To avoid long wait times, it is suggested to register at least one day in advance or at minimum 15 minutes before the call starts.
Cricut, Inc. (NASDAQ: CRCT) has announced the expansion of its board of directors with the addition of Heidi Zak as an independent board member and member of the audit committee. This increases the board size from seven to eight members. Jason Makler, Chairman of Cricut's Board, highlighted Zak's skills and experiences as complementary to the existing board and leadership team.
Ashish Arora, CEO of Cricut, emphasized Zak's valuable insights as co-founder and CEO of ThirdLove, along with her prior professional experiences. Her expertise in developing new markets, focusing on brand and customer experience, and understanding core customer segments is expected to guide Cricut's acquisition and engagement strategy.
Heidi Zak expressed her enthusiasm for joining the board, stating her intention to leverage her experience to help Cricut return to growth and focus on its core target market.
Cricut Inc. (NASDAQ: CRCT), a creative technology company, has announced its participation in two upcoming investor conferences. The management team will present at Citi's 2024 Global Technology Conference on September 6, 2024, in New York City, and the Goldman Sachs Communacopia + Technology Conference on September 12, 2024, in San Francisco.
Both presentations will be webcast live on Cricut's investor relations website, with replays available after the events. Cricut provides a connected platform for creative projects, offering smart cutting machines, design software, and other tools for DIY enthusiasts. The company serves millions of users worldwide and uses its investor relations website and News Blog to disclose material non-public information.