{"schema_version":"secwatch.filing_event.v1","accession":"0001828962-23-000004","form_type":"8-K","ticker":"CRCT","cik":"0001828962","company_name":"Cricut, Inc.","filed_at":"2023-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.879782+00:00","generated_at":"2026-06-18T10:00:45.994336+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cricut FY 2022 revenue falls 32% to $886M; net income down 57% to $60.7M","bullets":["FY 2022 revenue $886.3M vs $1.3B in FY 2021; Q4 revenue $280.8M vs $387.8M.","Net income $60.7M ($0.28 EPS) vs $140.5M ($0.64 EPS); Q4 EPS flat at $0.05.","Connected machine revenue halved to $252.6M; subscriptions up 32% to $272.3M.","Total users 7.9M (+23%); paid subscribers 2.6M (+28%); engaged users 51%.","Management plans conservative 2023 approach targeting margin improvement and cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001828962-23-000004","json":"https://secwatch.observer/filing/0001828962-23-000004.json","markdown":"https://secwatch.observer/filing/0001828962-23-000004.md","text":"https://secwatch.observer/filing/0001828962-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828962/000182896223000004/0001828962-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828962/000182896223000004/crct-20230307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T10:00:45.994336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e80d0bac36bcf662a3ad3d7641339acac35a7bb4","claim":"Cricut, Inc. reported fourth quarter and full year ended December 31, 2022 results: revenue $280.8 million (Q4) / $886.3 million (FY), net income $10.9 million (Q4) / $60.7 million (FY), EPS $0.05 diluted per share (Q4) / $0.28 diluted per share (FY).","evidence_excerpt":"from Operations in 2022 Total users grew to nearly 7.9 million, up 23% over FY 2021 Paid subscribers increased to 2.6 million, up 28% over FY 2021 Delivered FY 2022 revenue of $886.3 million, 32% decline compared to a strong FY 2021 74% of total users cut on their Connected Machine in 2022 SOUTH JORDAN, Utah, March 7, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828962/000182896223000004/0001828962-23-000004-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2022"},{"label":"Revenue","value":"$280.8 million (Q4) / $886.3 million (FY)"},{"label":"Net income","value":"$10.9 million (Q4) / $60.7 million (FY)"},{"label":"EPS","value":"$0.05 diluted per share (Q4) / $0.28 diluted per share (FY)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}