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Nov 11, 2021 · Shares of Cricut ( CRCT -1.40%), a company that provides hardware and software for people making handcrafted goods, crashed on Thursday after the company reported financial results for the third ...
How do I purchase Cricut products with affirm financing?
Apr 09, 2021 · As of Friday, the kit is back in stock — and on sale. Cricut Mug Press. Cricut Mug Press™ © Provided by TODAY The Cricut Mug Press …
What can you do with a Cricut?
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Is Cricut coming out with a new machine in 2021?
Why does Cricut Design Space keep crashing 2021?
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Is there an alternative to Cricut design space?
1. A Cricut cutting machine
Whether you prefer the small size of the Cricut Joy or the extra crafting power of the Cricut Maker, a Cricut cutting machine is required to cut and draw mug designs.
2. Infusible Ink
For mug wraps that aren't drawn by the Cricut machine, Infusible Ink is the material used to cut and transfer designs. These sheets of colorful ink come in a variety of solid hues and vibrant patterns.
3. Infusible Ink Markers
For mug wraps that are drawn by the Cricut machine, these colorful Infusible Ink Markers are required.
4. Heat resistant tape
Also required for drawn mug wraps, this heat resistant tape holds both the drawn design and the protective laters of butcher paper onto the mug during pressing.
5. Cutting mat
A standard grip machine mat is recommended for cutting Infusible Ink sheets and loading paper into the machine for drawing.
Cricut Joy StandardGrip Mat
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The crafting specialist reported quarterly results and warned of uncertainty ahead
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Cricut ( NASDAQ:CRCT) have plummeted today, down by 24% as of 10:50 a.m. EDT, after the company reported second-quarter earnings. The results beat expectations, but management's cautious commentary regarding Cricut's outlook may have rattled investors.
So what
Revenue in the second quarter increased 42% to $334.5 million, ahead of the consensus estimate of $317.4 million in sales. That figure included $146.3 million in connected machine revenue and $50.7 million in subscriptions revenue. Another $137.5 million in sales was attribute to accessories and materials.
Now what
Cricut did not offer quantitative guidance, but CFO Marty Peterson instead provided some other commentary. On the conference call with analysts, Peterson noted that second-quarter results benefited from channel fill as the company filled retail inventories with the new products.
Cricut
From cutting machines to crafting essentials, Cricut products make it easy to create for fun, for friends and family or even for a small business.
Made with Cricut
See what you can make possible with Cricut machines, tools, materials and accessories.
Cricut Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
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Cricut (NASDAQ CRCT) News Headlines Today
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