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.
Cricut (NASDAQ: CRCT) announced it will report its Q1 financial results for the period ending March 31, 2021, on May 13, 2021, after market close. A conference call will follow at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results. Cricut, a leader in creative technology, has over four million users globally, offering innovative products like smart cutting machines and various crafting tools. Investors can find more details and access the conference call link on Cricut’s investor relations website.
Cricut, Inc. has announced the pricing of its initial public offering (IPO) of 15,314,903 shares of Class A common stock at a public price of $20.00 per share. Of these, 13,250,000 shares are offered by Cricut and 2,064,903 by existing shareholders. The IPO includes a 30-day underwriter option for an additional 2,297,235 shares. Trading is set to commence on Nasdaq under the ticker symbol CRCT on March 25, 2021, with the offering closing expected on March 29, 2021. Goldman Sachs and Morgan Stanley are the lead managers for the offering.
Cricut has initiated its roadshow for the proposed IPO of its Class A common stock, planning to offer 15.3 million shares priced between $20 and $22 each. Of this, 13.25 million shares will be issued by Cricut, while the remaining shares will be sold by existing shareholders. The underwriters may purchase an additional 2.3 million shares. The company is expected to list on the Nasdaq under the ticker symbol CRCT, with Goldman Sachs and Morgan Stanley serving as lead managers. A registration statement for the offering has been filed with the SEC but has yet to become effective.