Articles from Cricut, Inc.

SOUTH JORDAN, Utah, April 15, 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 first quarter ended March 31, 2025 after the U.S. markets close on Tuesday, May 6, 2025. 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).

Delivered 8th consecutive year of profitability with net income of $62.8 million, or 8.8% marginNet Income increased 17% or $9.2 million, compared to 2023Generated $265.0 million in Cash from Operations in 2024Paid subscribers increased to 2.96 million, up 7% over FY 2023FY 2024 revenue of $712.5 million, a 7% decline compared to FY 2023

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 experience with more materials included, speeds up to two times faster than the previous generation1, and an improved user experience in Design Space®, all at a lower price point than the previous generation of machines.

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.

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. Mountain Time (5:00 p.m. Eastern Time).

Paid subscribers over 2.8 million, up 5% over Q3 2023

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. Mountain Time (5:00 p.m. Eastern Time).

Cricut®, the creative technology leader, has taken decisive legal action to protect its intellectual property against four People’s Republic of China (PRC) companies — HTVRont, Vevor, Konduone, and OFFNova. The legal action through the United States International Trade Commission (ITC) aims to stop the importation and sale of products that blatantly infringe upon Cricut’s innovative technology, as embodied in six of Cricut's patented technologies and machine designs. Cricut is represented by McDermott Will & Emery, a respected global firm with extensive ITC experience.

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.

SOUTH JORDAN, Utah, Aug. 19, 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.

Paid subscribers over 2.8 million, up 3% over Q2 2023

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. Mountain Time (5:00 p.m. Eastern Time).

In honor of Mother’s Day, four artists have transformed major cities across the United States – Austin, Chicago, New York and San Francisco – beautifying them with heartwarming murals celebrating mom and everything she does. The murals were created in partnership with creative technology company Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), pronounced like cricket, to inspire and bring joy to the communities they’re located in.

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

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 worldwide, today announced it will report its financial results for the first quarter ended March 31, 2024 after the U.S. markets close on Tuesday, May 7, 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).

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

Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that built a connected platform for making with millions of users worldwide, today released findings for a Women’s History Month survey.

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.

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).

Total users grew to over 8.6 million, up 16% over Q3 2022

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 worldwide, today announced it will report its financial results for the third quarter ended September 30, 2023 after the U.S. markets close on Tuesday, November 7, 2023. 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, Aug. 29, 2023 (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.

Cricut, Inc. (NASDAQ: CRCT), the leading creative DIY platform, today announced its newest cutting machine — Cricut Joy Xtra. Designed to help makers create the most popular projects, like full-color stickers, custom cards, and t-shirts, this new cutting machine works with more than 50 materials with the precision and quality known of the Cricut brand. With its compact size, Cricut Joy Xtra was designed to fit in any space, no craft room required.

Total users grew to over 8.4 million, up 17% over Q2 2022

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 worldwide, today announced it will report its financial results for the second quarter ended June 30, 2023 after the U.S. markets close on Tuesday, August 8, 2023. 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).

Cricut, Inc. (NASDAQ: CRCT), a leading creative technology company, today announced Cricut Venture™, the company’s new large-format cutting machine. Cricut Venture cuts a wide variety of materials with precision at commercial speeds, as well as writes, scores, and foils. Cricut Venture builds on the existing Cricut® platform by creating new opportunities for people who are looking to expand their making capabilities, and those looking to grow and scale their crafting businesses.

SOUTH JORDAN, Utah, May 24, 2023 (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.

SOUTH JORDAN, Utah, May 22, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (NASDAQ: CRCT) (“Cricut,” the “Company” or “we”) today announced that the Board of Directors, through its Audit Committee, has declared a special, one-time cash dividend of $1.00 per share to holders of the Company’s Class A and Class B Common Stock. The dividend is payable on July 17, 2023, to stockholders of record at the close of business on July 3, 2023. The aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $234 million. In addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the Company’s equity incentive documents. The dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock units. 

Total users grew to over 8.2 million, up 19% over Q1 2022

SOUTH JORDAN, Utah, April 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 worldwide, today announced it will report its financial results for the first quarter ended March 31, 2023 after the U.S. markets close on Tuesday, May 9, 2023. 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).

Delivered 6th consecutive year of profitability with net income of $60.7 million, or 6.8% margin

SOUTH JORDAN, Utah, March 01, 2023 (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.

SOUTH JORDAN, Utah, Feb. 02, 2023 (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 and fiscal year ended December 31, 2022 after the U.S. markets close on Tuesday, March 7, 2023. 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, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Cricut, Inc. (NASDAQ: CRCT) (“Cricut,” the “Company” or “we”) today announced that the Board of Directors, through its Audit Committee, has declared a special, one-time cash dividend of $0.35 per share to holders of the Company’s Class A and Class B Common Stock. The dividend is payable on February 15, 2023, to stockholders of record at the close of business on February 1, 2023. The aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $77 million. In addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the Company’s equity incentive documents. The dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock units.

Total users grew to nearly 7.5 million, up 30% over Q3 2021

SOUTH JORDAN, Utah, Oct. 13, 2022 (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, 2022 after the U.S. markets close on Tuesday, November 8, 2022. 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).