Cricut Q2 2023 revenue $177.8M (-3% YoY); net income $16M; special dividend $1/share paid July 17

Cricut, Inc.

2023-Q2 EPS reported $0.11 revenue$358,992,000

Net income $16.0M vs $13.8M in Q2 2022; diluted EPS $0.07 up from $0.06.
Subscriptions revenue $76.1M (+13% YoY); accessories & materials $64.4M (-20% YoY).
International revenue up 34% to 18% of total; connected machine revenue $37.3M (+5%).
Total users 8.4M (+17%); paid subscribers 2.7M (+15%); launched Cricut Venture on July 18.
Special cash dividend of $1.00/share ($234.6M) paid July 17; cash from operations $64.4M in Q2.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cricut, Inc. reported second quarter ended June 30, 2023 results: revenue $177.8 million, net income $16.0 million, EPS $0.07.

Period: second quarter ended June 30, 2023
Revenue: $177.8 million
Net income: $16.0 million
EPS: $0.07
Result: reported results

Exact text from the filing

2022 Paid subscribers of over 2.7 million, up 15% over Q2 2022 Delivered 18th consecutive quarter of profitability with net income of $16.0 million Delivered Q2 2023 revenue of $177.8 million, 3% decline compared to Q2 2022 SOUTH JORDAN, Utah, August 8, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a

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Source: SEC EDGAR

accession 0001828962-23-000088

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