Here is how Cricut, Inc. (CRCT) and Digi Power X Inc. (DGXX) have performed compared to their sector so far this year.
CRCT's return to positive revenue growth is largely due to demand pull-forward, not a sustainable improvement in fundamentals. User engagement and new hardware sales remain weak, casting doubt on the company's ability to drive recurring, high-margin revenue. Management's guidance acknowledges temporary demand drivers and offers little confidence for a near-term turnaround in earnings or margins.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Cricut, Inc. (CRCT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Cricut, Inc. (NASDAQ:CRCT ) Q2 2025 Earnings Conference Call August 5, 2025 5:00 PM ET Company Participants Ashish Arora - CEO, President & Director James Dickey Suva - Senior Vice President of Finance, Treasurer & Investor Relations Kimball Shill - Chief Financial Officer Conference Call Participants Angus Kelleher-Ferguson - Barclays Bank PLC, Research Division Maya C. Neuman - Morgan Stanley, Research Division Michael Cadiz - Unidentified Company Operator Good day and thank you for standing by.
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.09 per share a year ago.
Cricut, Inc. (NASDAQ:CRCT ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Jim Suva - SVP Finance, Treasurer & Investor Relations Ashish Arora - President & CEO Kimball Shill - Chief Financial Officer Conference Call Participants Michael Cadiz - Citigroup Operator Good day, and thank you for standing by. Welcome to Cricut First Quarter 2025 Earnings Conference Call.
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.09 per share a year ago.
I maintain a hold rating for Cricut Inc. due to unresolved concerns about declining user activity and weakening profitability despite some encouraging signs. Q4 2024 earnings showed revenue fell 9.5% y/y, with product revenue down ~15% and gross margin expanding by 290 bps, but EBIT margin contracted. Key engagement metrics worsened, with 90-day engaged users dropping 3.1% y/y and active users declining 0.7% y/y, impacting accessories & materials revenue.
Cricut, Inc. (NASDAQ:CRCT ) Q4 2024 Earnings Conference Call March 4, 2025 5:00 PM ET Company Participants Jim Suva - Senior Vice President Finance, Treasurer and Investor Relations Ashish Arora - President and Chief Executive Officer Kimball Shill - Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Angus Kelleher - Barclays Eric Sheridan - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Cricut Fourth Quarter 2024 Earnings Conference Call.
Cricut, Inc. (CRCT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago.
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.