secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001828962-23-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896223000088/0001828962-23-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896223000088/crct-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001828962-23-000088

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