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.
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.
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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