{"schema_version":"secwatch.filing_event.v1","accession":"0001828962-24-000012","form_type":"8-K","ticker":"CRCT","cik":"0001828962","company_name":"Cricut, Inc.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.791655+00:00","generated_at":"2026-06-05T04:01:35.590948+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cricut reports FY23 revenue down 14% to $765M; Q4 revenue falls 18% YoY","bullets":["Q4 revenue $231.2M (-18% YoY); FY23 revenue $765.1M (-14% vs $886.3M).","Q4 GAAP EPS $0.05 flat; FY23 diluted EPS $0.24 vs $0.28 in FY22.","Subscriptions revenue up: Q4 $76.5M (+7.6%), FY $304M (+11.6%); paid subs 2.77M.","Gross margin improved: Q4 42.0% (from 29.8%), FY 44.9% (from 39.5%).","Cash from ops $288.1M in FY23; $26.5M spent on share buybacks in Q4 and after."],"urls":{"canonical":"https://secwatch.observer/filing/0001828962-24-000012","json":"https://secwatch.observer/filing/0001828962-24-000012.json","markdown":"https://secwatch.observer/filing/0001828962-24-000012.md","text":"https://secwatch.observer/filing/0001828962-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/0001828962-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/crct-20240305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:01:35.590948+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":"8eb79f894983093b52d1fe397eefb768977455a3","claim":"Cricut, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $231.2 million, net income $11.3 million, EPS $0.05.","evidence_excerpt":"pricing discipline. We will keep concentrating on acquiring new users and enhancing their engagement and revenue generation.” Fourth Quarter 2023 Financial Results • Revenue was $231.2 million compared to $280.8 million in Q4 2022. • Connected machine revenue was $77.4 million compared to $102.3 million in Q4 2022. • Subscriptions revenue was $76.5 million up from to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/0001828962-24-000012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$231.2 million"},{"label":"Net income","value":"$11.3 million"},{"label":"EPS","value":"$0.05"},{"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"}