secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001828962-24-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cricut Q3 revenue down 4% to $167.9M; net income falls 33% to $11.5M
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- Diluted EPS of $0.05 vs $0.08 a year ago; operating margin fell to 6.3% from 13.5%.
- Paid subscribers reached 2.8M (+5% YoY); Platform ARPU $52.86 (+3% YoY).
- Generated $70M cash from ops; repurchased 1.8M shares for $10.3M in Q3.
- Board authorized a $0.10 semi-annual dividend payable Jan 21, 2025 to holders of record Jan 7.
- Revenue beat expectations but net income down 33% due to lower gross margin and higher costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896224000121/0001828962-24-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896224000121/crct-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001828962-24-000121

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