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. reports news about its connected platform for making, combining cutting and heat-press machines, Design Space software, Cricut Access subscriptions, digital content, materials, and accessories. Company updates commonly cover Platform revenue, Products revenue, paid subscribers, active users, engagement metrics, international sales, profitability, and capital-return actions.
Recurring product news includes new connected machines such as Cricut Joy and Cricut Explore models, additions to the EasyPress heat-press family, and software features built into Design Space, including AI-assisted project creation. Cricut also issues earnings announcements, webcast notices, and investor-conference updates tied to its consumer creative-technology business.
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Cricut, Inc. (NASDAQ: CRCT) will report its financial results for the first quarter ending March 31, 2023, after market close on May 9, 2023. Management will hold a conference call at 3:00 p.m. Mountain Time to discuss the results. A live webcast will be available on Cricut's investor relations site, with a replay accessible afterward. Cricut specializes in creative technology, providing users with cutting machines and design software to facilitate DIY projects. Their product line includes the Cricut Maker, Cricut Explore, and Cricut Joy, supported by a community of millions of dedicated users.
Cricut reported its financial results for FY 2022, achieving a net income of $60.7 million (6.8% margin) despite a 32% revenue decline to $886.3 million. The company generated $117.7 million in cash from operations and ended the year with nearly 7.9 million users, up 23% year-over-year. Paid subscribers grew 28% to 2.6 million. Q4 revenue was $280.8 million, down from $387.8 million in Q4 2021, but subscription revenue increased to $71.1 million. The gross margin improved to 39.5%. Cricut noted challenges from macroeconomic factors and excess channel inventory but aims for increased user engagement and growth in 2023.
SOUTH JORDAN, Utah, March 01, 2023 (GLOBE NEWSWIRE) -- Cricut, the creative technology company, has announced that its management team will present at the Morgan Stanley Technology, Media and Telecom Conference. This event is scheduled for Wednesday, March 8, 2022, at 8:35 am PT. The presentation will be available via live webcast on Cricut's investor relations website, and a replay will be accessible afterward. Cricut is known for its innovative cutting machines and design software, enabling users to create high-quality DIY projects efficiently. For more details, visit the Cricut Investor Relations page.
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.