SOUTH JORDAN, Utah, Feb. 26, 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 that members of its management team are scheduled to present at upcoming investor conferences. Details for the events are as follows: Morgan Stanley’s Technology, Media and Telecom Conference, Wednesday, March 6, 2024, in San Francisco, CaliforniaROTH MKM Conference, Monday, March 18, 202 ...

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 worldwide, today announced it will report its financial results for the fourth quarter ended December 31, 2023 after the U.S. markets close on Tuesday, March 5, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time). ...

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 worldwide, today announced it will report its financial results for the fourth quarter ended December 31, 2023 after the U.S. markets close on Tuesday, March 5, 2024. Cricut management will host a conference call and webcast to discuss the results that afternoon at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time). A ...

Financial Q3 2023 November 7, 2023 NASDAQ : CRCT Results so excited about this !! # > + O C cricut. A great ploce to start-complete these fun, interactive exercises with the materials in your box. cricut. Q3 2023 Financial Results 1 Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisi ...

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 Shill - Chief Financial Officer Conference Call Participants Maya Neuman - Morgan Stanley Paul Kearney - Barclays Amy Teske - Baird Asiya Merchant - Citigroup Operator Good day and thank you for standing by. Welcome to the Cricut Quarter Three Earnings Conference Call. At this time, all participants are in a list ...

Accessories and Materials We generate Accessories and Materials revenue from sales of ancillary products, such as Cricut EasyPress, Cricut Mug Press, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on and sales of à la carte digital content purchases, including fonts, images and projects. Accessories and Materials 24 revenue is recognized for sales of such items, net of sales discounts, incentives and returns and includes amounts allocated to the material right for ...

NASDAQ : CRCT Financial Q2 2023 August 8, 2023 cricut. 1 Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical o ...

Cricut, Inc. (NASDAQ:CRCT) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Jim Suva - Senior Vice President, Finance Ashish Arora - President & CEO Kimball Shill - CFO Conference Call Participants Erik Woodring - Morgan Stanley Paul Kearney - Barclays Mark Altschwager - Baird Operator Good day, and thank you for standing by. Welcome to the Cricut Q2 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After speakers' presentation, there wil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40257 Cricut, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Address, including zip c ...

Financial Data and Key Metrics Changes - In Q1 2023, the company reported revenue of $181.2 million, a 26% decline compared to the prior year [6] - Net income for the quarter was $9.1 million, down from $23.5 million in Q1 2022, resulting in earnings per diluted share of $0.04 [14] - Operating income was $10.5 million, representing 5.8% of revenue, compared to 12.8% in Q1 2022 [14] - Total gross margin improved to 42.3% from 40.5% in Q1 2022 [28] Business Line Data and Key Metrics Changes - Revenue from connected machines was $34.1 million, down 45% year-over-year [6] - Accessories and materials revenue was $72 million, down 39% compared to Q1 2022 [6] - Subscription revenue increased to $75.1 million, a 16% increase year-over-year [6] - The company ended the quarter with 2.7 million paid subscribers, a 17% increase year-over-year [4] Market Data and Key Metrics Changes - International revenue was $33.5 million, down from $36.5 million in Q1 2022, but as a percentage of total revenue, it increased to 18% from 15% [6] - The total user base grew to over 8.2 million, a 19% increase year-over-year [10] Company Strategy and Development Direction - The company is focusing on new user acquisition and platform expansion to drive engagement and subscriptions [3] - There is an emphasis on improving the consumer purchase journey and enhancing user engagement through new tools and content [3][4] - The company plans to leverage international markets for growth, with over 1.1 million international users outside North America [3] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of softer consumer discretionary spending on connected machines and accessories [5] - The company remains optimistic about subscription resilience and international opportunities despite current challenges [5] - Management expects typical second-half seasonality to improve year-over-year comparisons [29] Other Important Information - The company implemented cost reductions, including an 8% reduction in force, resulting in a $1.2 million charge in Q1 [14] - The company generated $95.2 million in cash from operations and remains debt-free [14] Q&A Session Summary Question: Clarification on connected machines and material sales trends - Management indicated that demand for connected machines and materials has been softer than expected, continuing into Q2 [16] Question: Sell-through rates with channel partners - Management noted that sell-through rates are healthier than sell-in, and promotional strategies are helping maintain market share [18] Question: Marketing strategies for new customer acquisition - Management discussed focusing on digital media and influencer marketing to attract new users, emphasizing the importance of building the marketing funnel [19][25]