Cricut Inc (CRCT)

Shares of Circut Inc (CRCT) dropped by 7.63% from $8.35 to $7.63 in the trading on Wednesday, Novemeber 8, 2023. The reason why CRCT down is due to mixed revenue results. While the company reported a total revenue of $174.9 million for the third quarter of 2023, which represented a 1% decrease from the same period in 2022, it had mixed results in its revenue segments. Connected machine revenue declined by 6%, accessories and materials revenue decreased by 12%, but subscriptions revenue saw an 11% increase.