Cricut, Inc. Stock Price, News & Analysis

Cricut, Inc. (NASDAQ: CRCT), a leader in creative technology, announced it will release its financial results for Q4 and fiscal year ending December 31, 2022, on March 7, 2023. The results will be available after U.S. market close, followed by a conference call at 3:00 p.m. MT (5:00 p.m. ET). Investors and analysts can access a live webcast on Cricut's investor relations website, with a replay available later. The company provides innovative cutting machines and design software that empower users to create high-quality DIY projects.

Cricut, Inc. (NASDAQ: CRCT) has declared a special cash dividend of $0.35 per share for holders of Class A and Class B Common Stock. This dividend, totaling approximately $77 million, is payable on February 15, 2023, to shareholders on record by February 1, 2023. The company reported a strong balance sheet with $198 million in cash at the end of Q3 and expects to surpass $260 million by the end of 2022, with no debt. Cricut aims to maintain liquidity while returning capital to shareholders through this dividend and its ongoing share repurchase program.

Cricut, Inc. (NASDAQ: CRCT) announced its Q3 2022 financial results, revealing a revenue of $177.0 million, a 32% decline year-over-year. Total users surged to nearly 7.5 million, marking a 30% increase, with paid subscribers rising to 2.5 million, up 35%. Despite the revenue drop, Cricut achieved its 15th consecutive quarter of profitability with a net income of $12.4 million. The gross margin improved to 46.2% from 39.2% in Q3 2021, reflecting stronger fundamentals amidst macroeconomic challenges.

Cricut, Inc. (NASDAQ: CRCT) will report its third quarter financial results for the period ending September 30, 2022, on November 8, 2022, after market close. Management will conduct a conference call at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results. Interested parties can access a live webcast on the investor relations website, with a replay available afterward. Cricut's technology empowers users to create high-quality DIY projects through its cutting machines and design software, fostering a global community of creative individuals.

Cricut, a creative technology company, announces participation in key investor conferences. Management will present at Citi's 2022 Global Technology Conference on September 8, 2022, at 7:30 am ET and at the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 8:15 pm ET. Both presentations will be webcast live on the corporate investor relations website, with replays available post-event. Cricut offers innovative tools for DIY projects and maintains a vibrant user community.

Cricut, Inc. (NASDAQ: CRCT) reported Q2 2022 financial results with revenue of $183.8 million, a 45% decline from Q2 2021. Despite the revenue drop, the company maintained profitability with a net income of $13.8 million, down 71.9% year-over-year. Total users grew to nearly 7.2 million, up 34% year-over-year, while paid subscribers reached 2.4 million, also a 34% increase. Cricut's board authorized a $50 million share repurchase program. CEO Ashish Arora expressed confidence in the company's future, citing inventory rebalancing and a robust business model.

Cricut, Inc. (NASDAQ: CRCT) will report its financial results for Q2 2022 on August 9, 2022, after U.S. market close. Management will host a conference call and webcast at 3:00 PM MT (5:00 PM ET) to discuss the results. The live webcast can be accessed on Cricut's investor relations website, and a replay will be available afterward. Cricut, known for its innovative cutting machines and design software, provides users with tools for high-quality DIY projects.

Cricut, a creative technology company listed under NASDAQ: CRCT, announced its management team will present at Baird’s 2022 Global Consumer, Technology & Services Conference on June 8, 2022, at 9:15 am PT. The presentation will be available via live webcast on Cricut's investor relations website, with a subsequent replay accessible after the event. Cricut specializes in cutting machines and design software, offering products like the Cricut Maker® and Cricut Explore® family. The company promotes a global community of users devoted to creativity.

Cricut (NASDAQ: CRCT) reported Q1 2022 financial results with revenue of $244.8 million, down 24% year-over-year but up 70% from two years ago. The company achieved its 13th consecutive quarter of profitability with a net income of $23.5 million, reflecting a 52% decrease compared to Q1 2021. Total users increased by 40% year-over-year to over 6.9 million, with paid subscribers growing by 43% to over 2.3 million. Despite a decline in connected machine revenue, Cricut maintains a strong balance sheet and emphasizes long-term growth opportunities.