Cricut, Inc. (CRCT) Q1 2025 Earnings Call Transcript |
Cricut, Inc. (NASDAQ:CRCT ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Jim Suva - SVP Finance, Treasurer & Investor Relations Ashish Arora - President & CEO Kimball Shill - Chief Financial Officer Conference Call Participants Michael Cadiz - Citigroup Operator Good day, and thank you for standing by. Welcome to Cricut First Quarter 2025 Earnings Conference Call. |
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2025-05-07 02:32:04 |
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Cricut, Inc. (CRCT) Q1 Earnings and Revenues Top Estimates |
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.09 per share a year ago. |
zacks.com |
2025-05-06 23:10:51 |
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Cricut, Inc. Reports First Quarter 2025 Financial Results |
Paid subscribers up 6% over Q1 2024 to just over 2.97 million Q1 2025 revenue of $162.6 million, down 3% compared to Q1 2024 Net income of $23.9 million , up 22% compared to Q1 2024 Board authorizes three capital allocation items SOUTH JORDAN, Utah, May 06, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its first quarter ended March 31, 2025. “We are pleased with the increase in paid subscribers in Q1 up 6% year-over-year, the continuation of positive International sales growth up 8% year-over-year and strong profitability,” said Ashish Arora, Chief Executive Officer of Cricut. |
globenewswire.com |
2025-05-06 20:05:00 |
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Cricut: Engagement Rates Remain Poor, But There Are Bright Spots |
I maintain a hold rating for Cricut Inc. due to unresolved concerns about declining user activity and weakening profitability despite some encouraging signs. Q4 2024 earnings showed revenue fell 9.5% y/y, with product revenue down ~15% and gross margin expanding by 290 bps, but EBIT margin contracted. Key engagement metrics worsened, with 90-day engaged users dropping 3.1% y/y and active users declining 0.7% y/y, impacting accessories & materials revenue. |
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2025-03-19 16:44:17 |
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Cricut, Inc. (CRCT) Q4 2024 Earnings Call Transcript |
Cricut, Inc. (NASDAQ:CRCT ) Q4 2024 Earnings Conference Call March 4, 2025 5:00 PM ET Company Participants Jim Suva - Senior Vice President Finance, Treasurer and Investor Relations Ashish Arora - President and Chief Executive Officer Kimball Shill - Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Angus Kelleher - Barclays Eric Sheridan - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Cricut Fourth Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2025-03-05 00:14:06 |
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Cricut, Inc. (CRCT) Q4 Earnings Beat Estimates |
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago. |
zacks.com |
2025-03-04 20:55:26 |
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Cricut® Unveils the Next Generation of Smart Cutting Machines: Cricut Explore® 4 and Cricut Maker® 4 |
SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut®, Inc. (NASDAQ: CRCT), a leading creative technology company, has announced the next generation of its smart cutting machines: Cricut Explore® 4 and Cricut Maker® 4. Starting February 28, Cricut Explore 4 and Cricut Maker 4 will be available for purchase in the U.S. and Canada on Cricut.com and Michaels in two new colors: Seashell and Sage, with Sage machines exclusively sold in a bundle at Michaels. These new machines offer an elevated out-of-box exp. |
businesswire.com |
2025-02-27 14:00:00 |
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Cricut to Present at Upcoming Investor Conference |
SOUTH JORDAN, Utah, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced that members of its management team are scheduled to present at an upcoming investor conference. Details of the event are as follows: Morgan Stanley's Technology, Media and Telecom Conference, Wednesday, March 5, 2025, in San Francisco, California The presentation will be webcast live on the investor relations section of Cricut's website at https://investor.cricut.com/. |
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2025-02-18 18:05:00 |
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Cricut to Announce Fourth Quarter 2024 Financial Results on March 4, 2025 |
SOUTH JORDAN, Utah, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the fourth quarter ended December 31, 2024 after the U.S. markets close on Tuesday, March 4, 2025. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. |
globenewswire.com |
2025-02-11 18:05:00 |
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Cricut Is A 'Buy' After Emerging From The Hype Phase |
Cricut experienced a meteoric boom during the pandemic, but its "coming back to earth" has spooked investors. A close look at operational and financial metrics suggests significant potential value for investors, however. Specifically, its high-margin Platform business potentially promises a strong cash-flow generating capacity going forward. |
seekingalpha.com |
2025-02-07 11:43:43 |
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Cricut Inc.: There Are Still Visible Operational Headwinds |
I maintain a sell rating for Cricut Inc. due to ongoing operational headwinds and a challenging consumer spending environment impacting near-term growth. 3Q24 earnings showed a 4% y/y revenue decline, gross margin compression, and a significant drop in EBITDA and net margins. Active users declined y/y for the first time, with management guiding further declines, indicating persistent demand challenges. |
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2024-11-08 13:13:39 |
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Cricut, Inc. (CRCT) Q3 2024 Earnings Call Transcript |
Cricut, Inc. (NASDAQ:CRCT ) Q3 2024 Earnings Conference Call November 5, 2024 5:00 AM ET Company Participants Jim Suva - Senior Vice President of Finance and Treasurer Ashish Arora - Chief Executive Officer & Director Kimball Shill - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Angus Kelleher-Ferguson - Barclays Asiya Merchant - Citigroup Eric Sheridan - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Cricut Q3 2024 Earnings Conference Call. |
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2024-11-06 00:41:05 |
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Cricut, Inc. (CRCT) Q3 Earnings Lag Estimates |
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.08 per share a year ago. |
zacks.com |
2024-11-05 20:40:33 |
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Cricut, Inc. Reports Third Quarter 2024 Financial Results |
Paid subscribers over 2.8 million, up 5% over Q3 2023 Q3 2024 revenue of $167.9 million, down 4% compared to Q3 2023 Delivered 23rd consecutive quarter of profitability with net income of $11.5 million SOUTH JORDAN, Utah, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its third quarter ended September 30, 2024. "We are pleased with the increase in paid subscribers in Q3 up 5% YoY to over 2.8 million, which exceeded our expectations. |
globenewswire.com |
2024-11-05 18:05:00 |
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Cricut to Announce Third Quarter 2024 Financial Results on November 5, 2024 |
SOUTH JORDAN, Utah, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the third quarter ended September 30, 2024 after the U.S. markets close on Tuesday, November 5, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. |
globenewswire.com |
2024-10-15 20:05:00 |
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Cricut® Pursues Legal Action to Protect Against Intellectual Property Infringement |
SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut® Pursues Legal Action to Protect Against Intellectual Property Infringement. |
businesswire.com |
2024-10-04 23:27:00 |
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Cricut Adds New Independent Board Member Heidi Zak |
SOUTH JORDAN, Utah, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced an expansion of the company's board of directors. |
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2024-09-30 20:05:00 |
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Cricut to Present at Upcoming Investor Conferences |
Cricut to Present at Upcoming Investor Conferences SOUTH JORDAN, Utah, August 19, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the crea |
globenewswire.com |
2024-08-19 20:52:00 |
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Earnings Estimates Rising for Cricut (CRCT): Will It Gain? |
Cricut (CRCT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. |
zacks.com |
2024-08-09 17:21:35 |
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Cricut, Inc. (CRCT) Q2 2024 Earnings Call Transcript |
Cricut, Inc. (NASDAQ:CRCT ) Q2 2024 Results Conference Call August 6, 2024 5:00 PM ET Company Participants Jim Suva - Senior Vice President of Finance and Treasurer Ashish Arora - Chief Executive Officer & Director Kimball Shill - Chief Financial Officer Conference Call Participants Eric Woodring - Morgan Stanley Angus Kelleher - Barclays Operator Good day, and thank you for standing by. Welcome to the Cricut Q2 2024 Earnings Conference Call. |
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2024-08-07 01:49:11 |
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Cricut, Inc. (CRCT) Surpasses Q2 Earnings Estimates |
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago. |
zacks.com |
2024-08-07 00:15:32 |
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Cricut, Inc. Reports Second Quarter 2024 Financial Results |
Paid subscribers over 2.8 million, up 3% over Q2 2023 Connected machines revenue growth of 18% over Q2 2023 Q2 2024 revenue of $167.9 million, down 6% compared to Q2 2023 Delivered 22nd consecutive quarter of profitability with net income of $19.8 million , up 23% over Q2 2023 SOUTH JORDAN, Utah, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its second quarter ended June 30, 2024. "We are pleased with strong Q2 profitability and 18% growth in connected machines revenue YoY. |
globenewswire.com |
2024-08-06 20:05:00 |
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Cricut to Announce Second Quarter 2024 Financial Results on August 6, 2024 |
SOUTH JORDAN, Utah, July 16, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced it will report its financial results for the second quarter ended June 30, 2024 after the U.S. markets close on Tuesday, August 6, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. |
globenewswire.com |
2024-07-16 20:05:00 |
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Personalize and DIY Your 4th of July with Cricut |
A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla. |
globenewswire.com |
2024-06-27 11:00:00 |
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3 Under $10 Stocks to Buy Now: June 2024 |
Picking stocks under $10 to buy now isn't easy, particularly in light of today's mega-caps making up so much of the wider market's movement. Typically, stocks under $10 fall into one of just a handful of camps: penny stocks destined to struggle to break free from micro-cap status, once-great winners slowly circling the drain, or highly speculative stocks with massive upside potential buffered by equally significant downside risk. |
investorplace.com |
2024-06-19 11:48:30 |
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7 Small-Cap Value Stocks Leaving the S&P 500 in the Dust |
Even as the S&P 500 reaches new highs, some investors view small-cap value stocks as the best option for long-term growth. Concerns are growing about the concentration of investments in index-based stocks. |
investorplace.com |
2024-06-12 17:20:01 |
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Invest in the Underestimated: 7 Bargain Stocks Poised to Prove Wall Street Wrong |
As inflation remains increasingly sticky, finding undervalued stocks to buy has become increasingly difficult. Meme stocks like GameStop (NYSE: GME ) continue climbing despite rapidly approaching market saturation, which could leave retail traders holding the bag when the music stops. |
investorplace.com |
2024-05-20 19:02:14 |
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Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar |
As the S&P 500 races toward new highs, some investors see small-cap value stocks as the best bet for long-term growth amid growing concerns about index-based stock concentration. As mega-caps like Nvidia (NASDAQ: NVDA ) disproportionately drive the S&P 500's performance, the index becomes more vulnerable to fluctuations—a few missteps could significantly impact your entire portfolio. |
investorplace.com |
2024-05-13 19:12:44 |
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Cricut, Inc. (CRCT) Q1 2024 Earnings Call Transcript |
Cricut, Inc. (NASDAQ:CRCT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Jim Suva - SVP, Finance, Treasurer & IR Ashish Arora - CEO & Director Kimball Shill - CFO Conference Call Participants Angus Kelleher - Barclays Capital Asiya Merchant - Citi Investment Research Operator Welcome to the cricket Q1 2024 earnings conference call. At this time, all participants are in a listen only mode. |
seekingalpha.com |
2024-05-08 01:25:22 |
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Cricut, Inc. (CRCT) Beats Q1 Earnings Estimates |
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago. |
zacks.com |
2024-05-07 23:31:21 |
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