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Why is Cricut Inc (CRCT) Stock down?
We've noticed a 6.68% decline in Cricut Inc (CRCT) stock during the 2024-11-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Nov, 2023:
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.
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