secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001828962-22-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q1 revenue $244.8M (-24% YoY), net income $23.5M (-52% YoY), EPS $0.11
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- Revenue $244.8M, down 24% YoY; net income $23.5M, down 52% YoY; diluted EPS $0.11.
- Connected machine revenue $62.4M, down 56% YoY; subscriptions revenue $64.8M, up 40% YoY.
- Total users 6.9M (+40% YoY); paid subscribers 2.3M (+43% YoY).
- Gross margin improved to 40.5% from 37.1% YoY; operating income margin 12.8% vs 20.0%.
- International revenue grew 9% YoY to 15% of total revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000057/0001828962-22-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000057/crct-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001828962-22-000057

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