secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001828962-21-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q3 revenue up 24% to $260M; net income down 34%, paid subs up 56%
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- Revenue $260.1M (+24.4% YoY); net income $30.0M (-33.6% YoY); diluted EPS $0.13.
- Subscriptions revenue $53.3M (+70.8% YoY); connected machines $102.5M (+35.7%).
- Total users >5.7M (+55.7%); paid subscribers >1.8M (+55.8%).
- Gross margin 39.2% vs 42.8% a year ago; EBITDA $42.7M (16.4% margin).
- International revenue grew 109.7% to 12% of total; strong inventory heading into Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896221000068/0001828962-21-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896221000068/crct-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001828962-21-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer