Cricut, Inc. Stock Price, News & Analysis

Cricut reported a full-year revenue of $1.3 billion, representing a 36% growth over 2020. Total users surged to over 6.4 million, a 48% increase year-on-year, with paid subscribers climbing to 2 million, up 56%. The company achieved net income of $140.5 million, but this was down 9% compared to the previous year. Q4 revenue was $387.8 million, a 5% increase from Q4 2020, yet net income dropped by 81%. Gross margin fell to 27% from 33.6% in Q4 2020, primarily due to increased promotions and inflation pressures.

Cricut, a creative technology company, announced that its management team will present at Morgan Stanley’s Technology, Media and Telecom Conference on March 9, 2022, at 11:30 am PT. The presentation will be webcast live on Cricut's investor relations website, with a replay available afterward. Cricut offers a platform for DIY projects, featuring cutting machines like Cricut Maker and Cricut Explore, alongside design software and tools. The company emphasizes community engagement and aims to keep stakeholders informed through its investor relations website and news blog.

Cricut, Inc. (NASDAQ: CRCT) will release its fourth quarter and full year financial results for 2021 after market close on March 8, 2022. A conference call hosted by management will take place at 3:00 p.m. MT (5:00 p.m. ET) that same day to discuss these results. The call will be accessible via a dedicated telephone line or through a live webcast on Cricut's investor relations website. Cricut is known for its cutting machines and design software that empower users to create high-quality DIY projects.

Cricut Inc. (NASDAQ: CRCT) has announced that Marty Petersen, the current CFO, will retire on September 30, 2022, transitioning out of his role by March 31, 2022. He will be succeeded by Kimball Shill, currently the Executive Vice President of Operations, who will assume the CFO position effective April 1, 2022. Petersen has been instrumental in growing Cricut's revenue from $74 million in 2014 to nearly $1.3 billion by September 30, 2021. Shill brings over 25 years of experience and is expected to contribute to the company's continued long-term growth.

Cricut reported a 24.4% revenue growth in Q3 2021, totaling $260.1 million, driven by a 55.8% increase in paid subscribers to 1.8 million. The company achieved its 11th consecutive quarter of profitability with a net income of $30.0 million and an EBITDA of $42.7 million. Despite these gains, gross margin declined to 39.2% from 42.8% in Q3 2020. International revenue surged 109.7%, and the user base expanded to 5.7 million, marking a 55.7% year-over-year increase. Future growth strategies include enhanced user experience and international expansion.

Cricut, Inc. (NASDAQ: CRCT) announced it will report its third quarter financial results on November 10, 2021, after U.S. markets close. A conference call will follow at 3:00 p.m. MT (5:00 p.m. ET) to discuss these results. Investors can access the live call via phone or through Cricut's investor relations website, where an archived version will also be available. Cricut is committed to leveraging technology to enhance creativity in home projects, offering innovative products like smart cutting machines, and aims to maintain transparency by using various channels for investor communication.

Cricut, a creative technology company, announced its participation in Citi’s 2021 Global Technology Virtual Conference on September 15, 2021, at 9:40 am ET. The management team will present insights into Cricut's innovative platform, which empowers users to create personalized handmade projects. The presentation will be available for live streaming on Cricut’s investor relations website, with a replay accessible afterward. Cricut is dedicated to unleashing creativity through its smart cutting machines and community engagement.

Cricut reported strong Q2 2021 results with revenues of $334.5 million, marking a 42.1% increase from Q2 2020. Paid subscribers surged 77% year-over-year to 1.8 million, while total users reached 5.4 million. The company achieved net income of $49.1 million and delivered an EBITDA of $68.5 million. Cricut continues to innovate by launching new machines and materials, enhancing user engagement, and expanding its international presence. This marks Cricut's tenth consecutive quarter of profitability, demonstrating robust growth and a strong community of engaged users.

Cricut, Inc. (NASDAQ: CRCT) announced it will release its second-quarter financial results on August 12, 2021, after market close. A conference call will follow at 3:00 p.m. Mountain Time to discuss the results. Cricut, a leader in creative technology, aims to empower users with innovative products including the Cricut Maker® and Cricut Explore® families. The company's investor relations website will provide access to the conference call and additional financial information.