secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001828962-22-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q3 revenue down 32% to $177M; net income $12.4M, EPS $0.06
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- Revenue $177.0M, down 31.9% YoY; connected machine revenue declined 48.8%.
- Net income $12.4M ($0.06 diluted EPS) vs $30.0M ($0.13) in Q3 2021.
- Subscriptions revenue $68.9M, up 29.2% YoY; paid subscribers grew 35% to 2.5M.
- Total users rose 30% to 7.5M; engaged users (90-day) up 11% to 3.6M.
- Gross margin improved to 46.2% from 39.2% in Q3 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/0001828962-22-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/crct-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001828962-22-000094

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