secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001828962-23-000107
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q3 net income up 38% to $17.2M; revenue down 1% to $174.9M
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- Net income $17.2M ($0.08 diluted EPS) vs $12.4M in Q3 2022; operating income +36% to $23.7M.
- Subscriptions revenue $76.3M (+11% YoY); connected machine revenue $49.5M (-6%); accessories & materials $49.1M (-12%).
- Total users 8.6M (+16%); paid subscribers 2.7M (+11%); international revenue up 36%, now 21% of total.
- Generated $36.4M cash from ops in Q3; ended quarter with $173.6M cash, debt-free.
- Special dividend of ~$232.2M distributed in July; share repurchase program has $20M remaining as of Nov 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896223000107/0001828962-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896223000107/crct-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001828962-23-000107

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