Crown Electrokinetics jumps after giving revenue view $30M -$35M for FY25

“As we look ahead to 2025, Crown is stronger, more focused, and better positioned than ever to capitalize on new opportunities. With momentum across our three divisions, we are committed to achieving profitability in the first half of 2025, expanding our footprint to meet increasing demand, and delivering innovative infrastructure solutions that address critical challenges.Our team of industry experts, with a desire to change the status quo through innovation, is growing rapidly. As we scale, we are actively refining our business processes to align with our growing operations while maintaining agility and focus. Looking ahead, we provided full year 2025 revenue guidance between $30M and $35M , underscoring the expected strength of our business to come.To our shareholders, thank you for your trust and confidence as we continue to execute our vision. While our stock price does not yet reflect the intrinsic value of Crown, we remain focused on building a company that delivers meaningful impact, sustainable growth, and shareholder value. Approving the proposed reverse stock split is a critical step in strengthening our position to meet listing requirements, attract new investors, and enhance financial flexibility. Your support is vital to driving Crown’s long-term success and unlocking its full potential. We’re excited for 2025 and look forward to updating you on our progress regularly,” said the company in a release.The Company will host a Special Meeting of Stockholders on Tuesday, January 14, 2025, at 10:00 a.m. Eastern Time. Holders of record of Crown’s Common Stock as of the close of business on December 16 will be entitled to notice of and to vote at the Special Meeting. Shares are up approximately 4c or 40% in after hours trading on Thursday evening at 18c per share.