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Crown ElectroKinetics (CRKN)
OTHER OTC:CRKN
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Crown ElectroKinetics
(OTC:CRKN)
43Neutral
Crown ElectroKinetics (CRKN) vs. S&P 500 (SPY)
Market Cap
$5.25M
Dividend YieldN/A
Average Volume (3M)105.32K
Price to Earnings (P/E)―
Beta (1Y)2.62
Revenue Growth22715.25%
EPS Growth98.18%
CountryUS
Employees42
SectorBasic Materials
Sector Strength61
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-12383.75
Shares Outstanding1,543,255
10 Day Avg. Volume20,354
30 Day Avg. Volume105,321
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.40
Price to Cash Flow (P/CF)-0.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Crown ElectroKinetics Business Overview & Revenue Model
Company DescriptionCrown ElectroKinetics (CRKN) is a technology company operating in the smart glass sector. It focuses on developing and commercializing electrokinetic film technology, which is used to create dynamic tinting effects for glass surfaces. This technology is primarily aimed at enhancing energy efficiency and comfort in buildings and vehicles by allowing windows to change tint on demand, thereby controlling the amount of light and heat passing through.
How the Company Makes MoneyCrown ElectroKinetics makes money by licensing its electrokinetic technology to manufacturers in the architectural glass and automotive industries. The company generates revenue from licensing fees and royalties based on the adoption and integration of its technology into commercial products. Additionally, Crown ElectroKinetics may engage in direct sales of its film products to end-users or through partnerships with window manufacturers. The company relies on collaborations with industry leaders to expand its market reach and enhance its technology offerings.
Crown ElectroKinetics Financial Statement Overview
Summary
Crown ElectroKinetics shows growth potential with increased revenue but struggles with profitability and cash flow management. The balance sheet reflects moderate leverage, yet the company needs to improve its operational efficiency and cash flow generation to enhance financial stability.Income Statement
Crown ElectroKinetics has experienced significant revenue growth from 2023 to TTM, yet it remains unprofitable with negative net and gross profit margins. The EBIT and EBITDA margins are highly negative, reflecting operational inefficiencies and challenges in achieving profitability.20
Very Negative
Balance Sheet
The company has a relatively low debt-to-equity ratio due to high equity, but the equity ratio indicates a moderate reliance on liabilities. The return on equity is negative, pointing to inefficiencies in generating returns from shareholders' equity.30
Negative
Cash Flow
Operating cash flow remains negative, indicating ongoing cash burn, though financing activities have helped maintain liquidity. Free cash flow is also negative, highlighting challenges in covering capital expenditures and operational needs.25
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 13.46M | 153.00K | 0.00 | 0.00 | 100.00K | 504.79K | Gross Profit |
| 331.00K | -733.00K | 0.00 | 0.00 | -520.00K | -109.21K | EBIT |
| -21.29M | -19.31M | -15.11M | -22.13M | -19.35M | -7.84M | EBITDA |
| -19.29M | -18.34M | -14.61M | -21.82M | -7.76M | -7.76M | Net Income Common Stockholders |
| -24.81M | -28.98M | -14.37M | -37.16M | -40.76M | -9.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 8.91K | 1.06M | 821.00K | 6.13M | 48.31K | 99.45K | Total Assets |
| 509.92K | 9.53M | 6.59M | 9.65M | 388.64K | 673.04K | Total Debt |
| 1.24M | 2.16M | 3.60M | 8.00K | 3.08M | 1.93M | Net Debt |
| 1.23M | 1.10M | 2.78M | -6.12M | 3.03M | 1.83M | Total Liabilities |
| 2.43M | 4.85M | 6.06M | 664.00K | 7.35M | 4.07M | Stockholders Equity |
| -1.92M | 4.68M | 530.00K | 8.99M | -6.96M | -3.39M |
| Cash Flow | Free Cash Flow | ||||
| -19.32M | -18.33M | -11.95M | -12.04M | -1.07M | -1.72M | Operating Cash Flow |
| -16.11M | -16.16M | -11.14M | -11.41M | -1.04M | -1.62M | Investing Cash Flow |
| -3.37M | -2.82M | -812.00K | -2.40M | -26.60K | -109.29K | Financing Cash Flow |
| 20.51M | 19.21M | 6.64M | 19.90M | 1.02M | 1.66M |
Crown ElectroKinetics Technical Analysis
Negative
3.40
Price Trends
6.99
Negative
40.11
Negative
264.98
Negative
Market Momentum
-1.24
Negative
31.01
Neutral
45.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRKN, the sentiment is Negative. The current price of 3.4 is below the 20-day moving average (MA) of 3.77, below the 50-day MA of 6.99, and below the 200-day MA of 264.98, indicating a bearish trend. The MACD of -1.24 indicates Negative momentum. The RSI at 31.01 is Neutral, neither overbought nor oversold. The STOCH value of 45.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRKN.
Crown ElectroKinetics Risk Analysis
Crown ElectroKinetics disclosed 59 risk factors in its most recent earnings report. Crown ElectroKinetics reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Crown ElectroKinetics Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.05B | 31.94 | 14.46% | 1.08% | 12.36% | 9.70% | |
67 Neutral | $319.20M | 21.31 | 23.13% | 6.06% | -27.68% | -30.47% | |
66 Neutral | $2.73B | 26.14 | 3.83% | ― | 8.31% | -49.90% | |
51 Neutral | $1.01B | ― | -116.01% | ― | -68.86% | -4917.87% | |
47 Neutral | $2.66B | -3.61 | -22.67% | 3.28% | 3.74% | -27.14% | |
43 Neutral | $5.25M | ― | -258.49% | ― | 22715.25% | 98.18% |
* Basic Materials Sector Average
Performance Comparison
CRKN
Crown ElectroKinetics
3.40
-1,369.10
-99.75%
NVEC
NVE
67.30
-13.40
-16.60%
OLED
Universal Display
153.54
-9.80
-6.00%
SEDG
SolarEdge Technologies
17.20
-46.23
-72.88%
REZI
Resideo Technologies
18.46
-3.97
-17.70%
Crown ElectroKinetics Earnings Call Summary
Earnings Call Date: Nov 14, 2024 | % Change Since: -97.64% | Next Earnings Date: Mar 28, 2025
Earnings Call Sentiment Neutral
Crown's earnings call highlighted strong revenue growth and strategic expansion in key divisions, particularly Fiber Optics and Water Solutions. However, increased operating expenses and a growing net loss pose challenges. The company remains optimistic about future growth and profitability.Highlights
Record Revenue Achievement
Crown reported record revenues of $8 million for Q3 2024, a significant increase from zero in the same period of 2023.
Strong Growth in Fiber Optics and Water Solutions
The growth in revenue was primarily driven by new contracts from Crown's Fiber Optics and Water Solutions divisions, including the new slant wells and Element 82 lead detection business.
Strategic Expansion in Water Solutions
Crown secured $48 million in anticipated projects and over $70 million in expected projects in the Water Solutions division, particularly with lead pipe inspection and remediation.
Future Growth and Profitability Outlook
Crown anticipates reaching profitability in 2025 with projected revenues between $30 million and $35 million for fiscal 2025.
Lowlights
Increased Operating Expenses
Operating expenses rose to $7.2 million in Q3 2024 from $3.4 million in the same period of 2023, primarily due to increased compensation and benefits, stock compensation expenses, and professional fees.
Net Loss Increase
The net loss for Q3 2024 was $5.9 million, compared to a net loss of $2.9 million in the same period of 2023.
Challenges in Cash Flow Management
Cash flow remains challenging due to the level of new business and the required upfront working capital investment.
Company Guidance
During Crown's Q3 2024 earnings call, the company reported record revenue of $8 million, a significant increase from the previous year, driven by new contracts in their Fiber Optics and Water Solutions divisions. The CEO, Douglas Croxall, emphasized the company's commitment to scaling and meeting their guidance, projecting Q4 revenue of $9 million and full-year 2024 revenue of $22 million. For 2025, Crown anticipates revenue between $30 million and $35 million, with plans to achieve profitability. The strategic growth strategy includes a three-phase rollout for their Smart Windows division and continued expansion in Fiber Optics and Water Solutions, with over $48 million in secured projects and an estimated $70 million in expected projects. Croxall also expressed confidence in their ability to address critical infrastructure needs and leverage opportunities in lead pipe remediation under the ongoing regulatory framework.Crown ElectroKinetics Corporate Events
Delistings and Listing ChangesStock SplitBusiness Operations and Strategy
Crown ElectroKinetics Initiates Reverse Stock Split for Growth
Positive
Jan 28, 2025
On January 28, 2025, Crown Electrokinetics Corp. announced a 1-for-150 reverse stock split of its common stock, effective January 30, 2025. This move, approved by the board and shareholders, aims to maintain Nasdaq listing and strengthen the company’s market position. The reverse split is expected to enhance Crown’s credibility and growth prospects, with no change in stockholder ownership percentage except for rounding adjustments. CEO Doug Croxall emphasized the importance of this action for Crown’s future, alongside a strong cash balance, growing revenues, and the recent strategic addition of Andy Mayer to the team, which is expected to bolster the company’s offerings and facilitate key agreements in California’s recovery efforts post-wildfires.
Shareholder MeetingsStock SplitBusiness Operations and StrategyRegulatory Filings and Compliance
Crown ElectroKinetics’ Strategic Moves for Market Compliance
Neutral
Jan 14, 2025
Crown Electrokinetics Corp. held a special meeting on January 14, 2025, where shareholders approved two key proposals: a potential reverse stock split and the ratification of BPM LLP as the independent auditor. The reverse stock split, which can range from 1-for-2 to 1-for-200, aims to maintain Nasdaq listing compliance and provides flexibility to the company’s board to adapt to market conditions. This strategic move is part of Crown’s broader plan to achieve profitability, expand its market presence, and continue delivering innovative infrastructure solutions.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.