Cricut, Inc. (CRCT)

NASDAQ: CRCT · Real-Time Price · USD
5.57
+0.09 (1.55%)
Dec 3, 2024, 12:42 PM EST - Market open
1.55%
Market Cap 1.19B
Revenue (ttm) 734.48M
Net Income (ttm) 62.19M
Shares Out 214.45M
EPS (ttm) 0.29
PE Ratio 19.23
Forward PE 19.27
Dividend $0.20 (3.60%)
Ex-Dividend Date Jan 7, 2025
Volume 82,910
Open 5.50
Previous Close 5.48
Day's Range 5.39 - 5.57
52-Week Range 4.43 - 8.40
Beta -0.05
Analysts Hold
Price Target 5.25 (-5.66%)
Earnings Date Nov 5, 2024

About CRCT

Cricut, Inc. engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines include Cricut Joy family for personalization, organization, and customizati... [Read more]

Sector Technology
IPO Date Mar 25, 2021
Employees 690
Stock Exchange NASDAQ
Ticker Symbol CRCT
Full Company Profile

Financial Performance

In 2023, Cricut's revenue was $765.15 million, a decrease of -13.67% compared to the previous year's $886.30 million. Earnings were $53.64 million, a decrease of -11.59%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CRCT stock is "Hold." The 12-month stock price forecast is $5.25, which is a decrease of -5.66% from the latest price.

Price Target
$5.25
(-5.66% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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,...

25 days ago - Seeking Alpha

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 O...

27 days ago - Seeking Alpha

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 millio...

27 days ago - GlobeNewsWire

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 worl...

6 weeks ago - GlobeNewsWire

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.

2 months ago - Business Wire

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 wor...

2 months ago - GlobeNewsWire

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

3 months ago - GlobeNewsWire

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 Offi...

4 months ago - Seeking Alpha

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 qu...

4 months ago - GlobeNewsWire

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 worl...

4 months ago - GlobeNewsWire

Personalize and DIY Your 4th of July with Cricut

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.

5 months ago - GlobeNewsWire

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 Confe...

7 months ago - Seeking Alpha

Cricut, Inc. Reports First Quarter 2024 Financial Results

Paid subscribers of approximately 2.8 million , up 3% over Q1 2023

7 months ago - GlobeNewsWire

Cricut to Announce First Quarter 2024 Financial Results on May 7, 2024

SOUTH JORDAN, Utah, April 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 wor...

8 months ago - GlobeNewsWire

Cricut, Inc. (CRCT) Q4 2023 Earnings Call Transcript

Cricut, Inc. (NASDAQ:CRCT) Q4 2023 Earnings Conference Call March 5, 2024 5:00 PM ET Company Participants Jim Suva - Senior Vice President, Finance Ashish Arora - Chief Executive Officer Kimball Shil...

9 months ago - Seeking Alpha

Cricut, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Delivered 7th consecutive year of profitability with net income of $53.6 million , or 7.0% margin

9 months ago - GlobeNewsWire

Cricut Finds 71% of Women Draw Inspiration and Feel Empowered by Other Women

SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that built a connected platform for making with millions of users worldwide, today released...

9 months ago - Business Wire

Cricut to Announce Fourth Quarter 2023 Financial Results on March 5, 2024

SOUTH JORDAN, Utah, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worl...

10 months ago - GlobeNewsWire

Cricut, Inc. (CRCT) Q3 2023 Earnings Call Transcript

Cricut, Inc. (NASDAQ:CRCT) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Jim Suva - Senior Vice President, Finance Ashish Arora - Chief Executive Officer Kimball S...

1 year ago - Seeking Alpha

Cricut, Inc. Reports Third Quarter 2023 Financial Results

Total users grew to over 8.6 million , up 16% over Q3 2022 Paid subscribers of approximately 2.7 million , up 11% over Q3 2022 Delivered 19th consecutive quarter of profitability with net income of $1...

1 year ago - GlobeNewsWire

Cricut to Announce Third Quarter 2023 Financial Results on November 7, 2023

SOUTH JORDAN, Utah, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worl...

1 year ago - GlobeNewsWire

Cricut launches Cricut Joy Xtra, expanding its platform and cutting machine portfolio

SOUTH JORDAN, Utah--(BUSINESS WIRE)--Cricut, Inc. (NASDAQ: CRCT), the leading creative DIY platform, today announced its newest cutting machine — Cricut Joy Xtra. Designed to help makers create the mo...

1 year ago - Business Wire

Cricut, Inc. Reports Second Quarter 2023 Financial Results

Total users grew to over 8.4 million , up 17% over Q2 2022 Paid subscribers of over 2.7 million , up 15% over Q2 2022 Delivered 18th consecutive quarter of profitability with net income of $16.0 milli...

1 year ago - GlobeNewsWire

Cricut: More Creative Than Appealing

Cricut, Inc. was a typical beneficiary of the pandemic, and thus was hit hard in its aftermath. While the same boom-bust cycle was seen with Cricut as well, the company maintained financial conservati...

1 year ago - Seeking Alpha

Cricut to Announce Second Quarter 2023 Financial Results on August 8, 2023

SOUTH JORDAN, Utah, July 18, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worl...

1 year ago - GlobeNewsWire