Buy Cricut
Amount
Latest price
$5.67
(£1.00 = $1.242)
Number of shares (est.)
0
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Metrics
Market Cap
$1.192B
P/E ratio
19.31
EPS
$0.288
Beta
-0.02
Dividend rate
$0.10
Dividend yield
1.80%
About
Cricut, Inc. is a creative technology company. The Company designs and builds its ecosystem of connected cutting machines, accessories, and materials for scalability and integration. Its segments include Connected Machines, Subscriptions and Accessories and Materials. The Connected Machines segment is engaged in the sale of its connected machine hardware and related essential software. The Accessories and Materials segment consists of craft, do it yourself (DIY), home decor products and heat presses. The Company's products include a flagship line of smart cutting machines - the Cricut Maker series, the Cricut Explore series, and Cricut Joy series, and Cricit Venture series - accompanied by other tools like Cricut EasyPress, the Infusible Ink system, and a diverse collection of materials. The Cricut platform centers around its cloud-based app, Cricut Design Space, giving users access to create and work on their projects anywhere, at any time, across desktop and mobile devices.
CEO
Mr. Ashish Arora
Employees
690
Sector
Consumer Goods
Company HQ
SOUTH JORDAN, United States of America
Website
News
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.
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.
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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