Cricut® Pursues Legal Action to Protect Against Intellectual Property Infringement [Yahoo! Finance]
Cricut, Inc. - Class A common stock (CRCT)
Company Research
Source: Yahoo! Finance
decisive legal action to protect its intellectual property against four People's Republic of China (PRC) companies — HTVRont, Vevor, Konduone, and OFFNova. The legal action through the United States International Trade Commission (ITC) aims to stop the importation and sale of products that blatantly infringe upon Cricut's innovative technology, as embodied in six of Cricut's patented technologies and machine designs. Cricut is represented by McDermott Will & Emery, a respected global firm with extensive ITC experience. "Cricut welcomes fair competition," said Ashish Arora, CEO of Cricut. "We are not only committed to the protection of the Cricut brand and its IP, but also our consumers, the hard work of our employees, contributing artists, and the thousands of creators who have made Cricut the category-leading platform for creativity. However, when companies unfairly and illegally misuse Cricut's technologies and designs it compromises our ability to bring innovation to the category
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- Cricut, Inc. (NASDAQ: CRCT) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $6.50 to $5.75. They now have a "neutral" rating on the stock.MarketBeat
- Cricut Inc (CRCT) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines with Strategic ... [Yahoo! Finance]Yahoo! Finance
CRCT
Earnings
- 11/5/24 - Miss
CRCT
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 144
- 11/14/24 - Form 4
- CRCT's page on the SEC website