CRCT Earnings Prediction
The chart below shows how CRCT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CRCT sees a +4.73% change in stock price 10 days leading up to the earnings, and a -1.41% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
CRCT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
167.89M
-4.01%
-0.03%
Gross Margin
46.08%
-1.62%
-13.85%
Operating Margin
6.31%
-53.40%
-59.91%
Net Margin
6.84%
-30.56%
-41.89%
EPS
0.05
-37.50%
-44.44%
No Data Available
CRCT Earnings Analysis
Cricut, Inc. Class A Common Stock Corporation (CRCT.O) Earnings Conference Call
Positive
Subscriber Growth Exceeds Expectations: We are pleased with the increase in paid subscribers in Q3 up 5% year-on-year which exceeded our expectations.
International Sales Growth: International sales grew 2% year-on-year with some benefit from foreign exchange rates.
Platform Revenue Increase: In Q3 platform revenue increased slightly on paid subscriber growth products.
User Engagement Decline: We ended the quarter with just under 5.9 million active users who cut in the past year, down less than 1% from a year ago, and our 90 Day Engage users declined 3%.
Subscriber Growth Update: We ended the quarter with over 2.8 million paid subscribers, up 5% from Q3 2023 and up sequentially.
Negative
Sales Decline in Q3: Total sales in Q3 decreased 4% year-on-year.
Revenue Decline Analysis: Revenue declined 7% as connected machines revenue declined 11% on higher promotions planned for the Q4 holiday season.
Product Revenue Decline: Revenue from products was $90.2 million, down 7% over Q3 2023.
User Engagement Decline: We ended the quarter with just under 5.9 million active users who cut in the past year, down less than 1% from a year ago, and our 90 Day Engage users declined 3%.
Operating Income Decline: Operating income for the quarter decreased 55% to $10.6 million or 6.3% of revenue from $23.7 million or 13.5% of revenue in Q3 last year.
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CRCT Earning Call Sentiment
Cricut, Inc. (CRCT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CRCT.O
2.2%Positive
The earnings call reveals mixed signals: a decline in sales and gross margins, but strong cash flow and continued subscriber growth. The Q&A highlights ongoing engagement challenges and margin pressures, but also positive signs in marketing and inventory management. The special dividend and share repurchase are positives, but market risks and unclear margin recovery weigh on sentiment. Given the market cap, these factors suggest a neutral short-term stock price movement.
