earnings
confidence high
sentiment negative
materiality 0.85
Cricut Q2 revenue down 45% to $183.8M; net income falls 72%; board authorizes $50M buyback
Cricut, Inc.
2022-Q2 EPS reported
$0.17
revenue$428,540,000
- Revenue $183.8M (-45.1% YoY); connected machine revenue $35.4M (-75.8%).
- Net income $13.8M (-71.9% YoY); diluted EPS $0.06.
- Subscription revenue $67.6M (+33.4% YoY); paid subscribers 2.4M (+34%).
- Total users 7.2M (+34%); engaged users 3.7M (+17% YoY).
- Board authorized $50M share repurchase program with no expiration.