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Cricut Inc   (NASDAQ: CRCT)
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Price: $5.7300 $-0.05 -0.865%
Day's High: $5.85 Week Perf: 1.24 %
Day's Low: $ 5.72 30 Day Perf: -9.62 %
Volume (M): 220 52 Wk High: $ 8.40
Volume (M$): $ 1,261 52 Wk Avg: $5.83
Open: $5.85 52 Wk Low: $4.43



 Market Capitalization (Millions $) 1,236
 Shares Outstanding (Millions) 216
 Employees 690
 Revenues (TTM) (Millions $) 733
 Net Income (TTM) (Millions $) 62
 Cash Flow (TTM) (Millions $) 70
 Capital Exp. (TTM) (Millions $) 0

Cricut Inc
Cricut Inc is a company that specializes in the production of cutting machines and software, which allow users to create intricate designs and patterns on a variety of materials ranging from paper, vinyl, and fabrics to wood, leather, and metal. The company was founded in 1969, originally as Provo Craft, and has its headquarters in South Jordan, Utah.

Cricut Inc has developed a reputation for producing cutting-edge and user-friendly technology, which has made its products popular with crafters, designers, and other creative professionals. The company also offers a range of accessories, tools, and materials that are compatible with its machines, allowing users to expand their creative possibilities.

At the heart of Cricut Inc's product range are its cutting machines, which come in a variety of sizes and specifications to suit different needs and budgets. These machines use proprietary software and tools to cut intricate shapes and patterns accurately and efficiently, making them a must-have tool for anyone who wants to create unique and professional-looking designs.

One of the standout products from Cricut Inc is the Cricut Explore Air 2, a wireless cutting machine that can work with over 100 different materials, including cardstock, vinyl, iron-on, and even thicker materials like leather and balsa wood. The machine comes equipped with an intuitive touch-screen interface, making it easy for users to create and customize designs on-the-go.

In addition to its cutting machines, Cricut Inc has also developed a range of software programs that are designed to work harmoniously with its hardware products. The company's Design Space software is a cloud-based program that allows users to create and edit designs on multiple devices, making it easy to collaborate with others and work from anywhere.

Cricut Inc's products are used by a wide range of customers, from home-based crafters to professional designers and businesses. The company has also entered into partnerships with major retailers, including Michaels, Walmart, and Joann Fabrics, to make its products more widely available to consumers.

Overall, Cricut Inc is a leading innovator in the cutting machine and software industry, offering user-friendly technology that empowers users to bring their creative visions to life.


   Company Address: 10855 South River Front Parkway South Jordan 84095 UT
   Company Phone Number: 351-0633   Stock Exchange / Ticker: NASDAQ CRCT


   

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Cricut Inc

Despite Revenue Decline, Cricut Inc. Sees Growth in Net Income and Profit Margins

Cricut Inc. is a well-known industrial machinery and components company that has recently reported its earnings for the fourth quarter of 2023. The company has shown moderate growth in net income, with an increase of 1.95% to $0.05 per share compared to the previous year. However, there was a significant decrease in revenue by -17.553% to $231.48 million, compared to $280.76 million in the same period the year before. Sequentially, revenue surged by 33.083% from $173.93 million, showing some positive momentum.
Despite the decrease in revenue, Cricut Inc. reported a rise in net profits to $11.288 million, which is a 3.65% increase from the $10.891 million reported in the fourth quarter of the previous year. The company also highlighted its improving profit margins, with a net margin of 4.88% and operating margin of 7.14%. Operating earnings also saw an increase of 48.87% to $16.519 million.

Cricut Inc

Cricut Inc Defies Revenue Decline, Soars on Higher Earnings per Share

Financial News Report:
Industrial Machinery and Components company, Cricut Inc, recently released its financial results for the July to September 30, 2023 time-frame. Despite a decrease in revenue, the company managed to raise its earnings per share (EPS), resulting in a significant increase in profit per share.
During this period, Cricut Inc reported a profit per share of $0.08, reflecting a 33.33% increase compared to the same period last year. However, revenue declined by -1.73% to $173.93 million, year on year. In comparison to the previous reporting period, EPS advanced from $0.07 per share, while revenue decreased by -2.095% from $177.66 million.







Cricut Inc's Segments
North America    77.31 % of total Revenue
International    23 % of total Revenue
Platform    46.41 % of total Revenue
Products    53.9 % of total Revenue





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