Cricut Inc ( (CRCT) ) just unveiled an update.
On February 28, 2025, Len Blackwell announced he would not seek re-election to Cricut’s Board of Directors at the 2025 annual meeting, a decision not stemming from any disagreements with the company. Cricut reported its financial results for the fourth quarter and full year of 2024, highlighting an 8th consecutive year of profitability with a net income of $62.8 million, despite a 7% decline in revenue compared to 2023. The company saw growth in paid subscribers and platform revenue, although product revenue decreased. Cricut’s CEO expressed optimism about reaching a growth inflection point, supported by new product launches and strategic investments.
More about Cricut Inc
Cricut, Inc. is a creative technology company that offers a connected platform for making, which includes hardware and design software. The company focuses on enabling people to lead creative lives and has a significant market presence with millions of users worldwide.
YTD Price Performance: -3.57%
Average Trading Volume: 288,889
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.16B
For a thorough assessment of CRCT stock, go to TipRanks’ Stock Analysis page.
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