Cricut Inc (CRCT) Navigates Challenging Market with Profitable FY 2023 Despite Revenue Decline [Yahoo! Finance]
Cricut, Inc. - Class A common stock (CRCT)
Company Research
Source: Yahoo! Finance
Operating Cash Flow : Generated $288.1 million in cash from operations in FY 2023. Subscribers : Paid subscribers increased to 2.77 million, a 6% growth over FY 2022. Gross Margin : Improved to 44.9% in FY 2023 from 39.5% in FY 2022. Stock Repurchase : Completed a $50 million stock repurchase program. User Growth : Total user base grew to over 8.9 million, a 13% increase from FY 2022. Warning! GuruFocus has detected 7 Warning Signs with BRCC. Cricut Inc ( NASDAQ:CRCT ) released its 8-K filing on March 5, 2024, detailing its financial performance for the fourth quarter and full year ended December 31, 2023. The company, known for its creativity platform that enables users to produce professional-looking handmade goods, faced a challenging year with a decline in sales but managed to maintain profitability and a strong cash flow. Financial Performance and Challenges Cricut Inc's revenue for FY 2023 was $765.1 million, a 14% decrease compared to the previous year. Despite
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CRCT
News
- Cricut's newest cutting machine is the perfect size for casual crafters [USA TODAY]USA TODAY
- Is Cricut, Inc.'s (NASDAQ:CRCT) Stock Price Struggling As A Result Of Its Mixed Financials? [Yahoo! Finance]Yahoo! Finance
- Cricut to Announce First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Be Wary Of Cricut (NASDAQ:CRCT) And Its Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Cricut: Expect Poor FY2024 Performance To Drag Down Valuation [Seeking Alpha]Seeking Alpha
CRCT
Earnings
- 3/5/24 - Miss
CRCT
Sec Filings
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- CRCT's page on the SEC website