secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001828962-22-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q2 revenue down 45% to $183.8M; net income falls 72%; board authorizes $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000083/0001828962-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000083/crct-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001828962-22-000083

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