CROWN ELECTROKINETICS CRP (CRKN) Financials
Newest figures come from the 10-Q for Q1 FY2025, filed May 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CRKN SEC filings page.
CROWN ELECTROKINETICS CRP (CRKN) reported $19.7M in revenue for fiscal year 2024, up 12776.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue reached scale in FY2024, but negative gross margins and cash consumption show the model still depends on financing.
Revenue rose from$153K in FY2023 to$19.7M in FY2024, but gross margin was still negative, so increased sales did not yet create profitable unit economics. At-3.6% , gross margin indicates direct costs exceeded sales; operating cash flow of-$18.2M shows the weakness reached cash generation, not just reported earnings.
Current ratio moved from 0.5x in FY2023 to 2.1x in FY2024, improving short-term coverage. Debt-to-equity fell from 1.0x to 0.0x, while financing cash flow reached
Free cash flow of
Financial Health Signals
CROWN ELECTROKINETICS CRP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
CROWN ELECTROKINETICS CRP passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
CROWN ELECTROKINETICS CRP reported a net loss of $25.9M while operations used $18.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
CROWN ELECTROKINETICS CRP reported an operating loss of $24.1M against $994K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
CROWN ELECTROKINETICS CRP generated $2.8M in revenue in Q1 2025. This represents an increase of 306.5% from the same quarter a year earlier. Against the prior quarter it is down 56.2%.
CROWN ELECTROKINETICS CRP's EBITDA was -$9.4M in Q1 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 169.9% from the same quarter a year earlier. Against the prior quarter it is down 1.2%.
CROWN ELECTROKINETICS CRP reported -$9.7M in net income in Q1 2025. This represents a decrease of 110.0% from the same quarter a year earlier. Against the prior quarter it is up 7.3%.
Cash & Balance Sheet
CROWN ELECTROKINETICS CRP recorded an outflow of $12.7M in free cash flow in Q1 2025, representing a cash shortfall after capex. This represents a decrease of 362.5% from the same quarter a year earlier. Against the prior quarter it is down 21.4%.
CROWN ELECTROKINETICS CRP held $22.4M in cash against $870K in long-term debt as of Q1 2025.
Not reported for Q1 2025.
Margins & Returns
CROWN ELECTROKINETICS CRP's gross margin was -36.7% in Q1 2025, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is down 9.6 percentage points. No change is given against Q1 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
CROWN ELECTROKINETICS CRP's ROE was -27.0% in Q1 2025, measuring profit generated per dollar of shareholder equity. This is up 172.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.9 percentage points.
Not shown for Q1 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
CROWN ELECTROKINETICS CRP invested $1.2M in research and development in Q1 2025. This represents an increase of 35.7% from the same quarter a year earlier. Against the prior quarter it is up 91.1%.
CROWN ELECTROKINETICS CRP invested $1.7M in capex in Q1 2025, funding long-term assets and infrastructure. This represents an increase of 2533.3% from the same quarter a year earlier. Against the prior quarter it is down 58.8%.
Not reported for Q1 2025.
CRKN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M+306.5% | $6.3M | $8.0M | $4.6M+12462.2% | $682K+3000.0% | N/A | $0 | $37K |
| Cost of Revenue | N/A | N/A | $6.6M | $4.0M+17460.9% | $1.6M+5177.4% | N/A | $0 | $23K |
| Gross Profit | -$1.0M+0.6% | -$1.7M | $1.4M | $609K+4250.0% | -$1.0M-11266.7% | N/A | $0 | $14K |
| R&D Expenses | $1.2M+35.7% | $638K | $720K+46.3% | $1.1M+126.7% | $898K+66.0% | N/A | $492K-48.5% | $490K-66.7% |
| SG&A Expenses | $7.7M+329.6% | $7.6M | $6.5M+121.3% | $4.2M-3.3% | $1.8M-47.4% | N/A | $2.9M+36.2% | $4.3M+44.2% |
| Operating Income | -$9.9M-167.2% | -$9.7M | -$5.8M-69.3% | -$4.9M-0.5% | -$3.7M+10.2% | N/A | -$3.4M-10.2% | -$4.9M-9.2% |
| EBITDA | -$9.4M-169.9% | -$9.3M | -$5.5M-70.5% | -$4.7M+2.4% | -$3.5M+11.4% | N/A | -$3.2M-10.9% | -$4.8M-11.5% |
| Interest Expense | N/A | -$11K | $0-100.0% | $145K-94.2% | $860K-57.4% | N/A | $2.4M+244400.0% | $2.5M+125300.0% |
| Income Tax | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Net Income | -$9.7M-110.0% | -$10.4M | -$5.9M-105.1% | -$5.0M+65.4% | -$4.6M-100.5% | N/A | -$2.9M+8.2% | -$14.5M-224.3% |
| EPS (Basic) | -$5.79+99.8% | -$538.72+99.5% | -$1.26+99.1% | -$5.89+99.8% | -$2881.11-58939.1% | -$107102.88-1933165.0% | -$140.54-1095.1% | -$2720.27-1007407.4% |
| EPS (Diluted) | -$5.79 | N/A | N/A | N/A | -$2881.11 | N/A | N/A | N/A |
| Diluted Shares (Avg) | 2M | N/A | 5M+20753.8% | 2M+32284.0% | 1,699-99.7% | N/A | 22,356-91.6% | 5,373 |
CRKN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.5M+389.9% | $35.0M+267.2% | $17.6M+44.9% | $16.0M+31.7% | $8.9M-50.6% | $9.5M+44.6% | $12.2M+97.3% | $12.1M+74.3% |
| Current Assets | $31.3M+1175.5% | $23.6M+1161.3% | $8.8M+228.7% | $9.2M+1058.3% | $2.5M-14.2% | $1.9M+32.5% | $2.7M+268.7% | $792K-52.5% |
| Cash & Equivalents | $22.4M+7641.4% | $13.7M+1193.6% | $3.1M+50.1% | $4.0M+10983.3% | $290K-86.4% | $1.1M+29.0% | $2.1M+501.2% | $36K-96.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $4.9M+536.6% | $5.4M+6353.0% | $4.9M | $3.4M | $776K | $83K | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $652K | $652K | $652K |
| Total Liabilities | $7.6M+16.0% | $12.7M+162.7% | $7.7M+166.3% | $7.2M-4.9% | $6.6M-35.8% | $4.8M-20.0% | $2.9M-15.4% | $7.6M+80.1% |
| Current Liabilities | $6.1M+16.4% | $11.1M+193.2% | $6.3M+146.8% | $5.7M-20.6% | $5.3M-41.6% | $3.8M-19.5% | $2.5M+58.1% | $7.2M+201.5% |
| Non-Current Liabilities | $1.5M+14.4% | $1.7M+55.1% | $1.4M+305.6% | $1.5M+315.2% | $1.3M+7.5% | $1.1M-21.5% | $355K-80.4% | $355K-80.4% |
| Long-Term Debt | $870K+106.7% | $924K | $438K | $932K | $421K | N/A | N/A | N/A |
| Total Equity | $35.9M+1447.7% | $22.2M+375.6% | $9.9M+7.0% | $8.8M+92.7% | $2.3M-70.1% | $4.7M+782.5% | $9.3M+237.7% | $4.6M+65.5% |
| Retained Earnings | -$152.6M-25.5% | -$142.9M-22.2% | -$132.5M-23.0% | -$126.6M-20.8% | -$121.6M-34.7% | -$117.0M-32.9% | -$107.7M-25.4% | -$104.8M-26.7% |
Not reported in any period shown, so not listed: Inventory.
CRKN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.0M-311.4% | -$6.4M-47.6% | -$2.9M+15.0% | -$6.2M-68.7% | -$2.7M+43.4% | -$4.3M-40.7% | -$3.4M-62.4% | -$3.7M-53.1% |
| Depreciation & Amortization | $473K+123.1% | $421K+120.4% | $300K+50.0% | $219K+170.4% | $212K+16.5% | $191K+33.6% | $200K0.0% | $81K-51.8% |
| Stock-Based Compensation | $487K+77.7% | N/A | $2.2M+1518.8% | $2.2M+1529.5% | $274K+51.4% | N/A | $133K | $132K |
| Capital Expenditures | $1.7M+2533.3% | $4.0M+269.3% | N/A | N/A | $63K | $1.1M+130.2% | N/A | N/A |
| Free Cash Flow | -$12.7M-362.5% | -$10.4M-92.0% | N/A | N/A | -$2.7M | -$5.4M-52.6% | N/A | N/A |
| Investing Cash Flow | -$1.7M-2530.2% | -$3.9M-260.5% | -$2.2M-488.6% | $7K+102.6% | -$63K+94.2% | -$1.1M-130.2% | -$378K-1790.0% | -$271K-6.7% |
| Financing Cash Flow | $21.4M+986.9% | $21.0M+371.9% | $4.2M-27.3% | $9.9M+439.6% | $2.0M-72.3% | $4.4M+9.8% | $5.8M+292.1% | $1.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CRKN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -36.7% | -27.1% | 17.6% | 13.1%-24.7pp | -150.0% | N/A | N/A | 37.8% |
| Operating Margin | -357.1% | -153.1% | -72.3% | -105.6% | -543.3% | N/A | N/A | -13202.7% |
| Net Margin | -349.4% | -164.8% | -73.0% | -108.2% | -676.3% | N/A | N/A | -39240.5% |
| Return on Equity | -27.0%+172.0pp | -46.9% | -59.1%-28.3pp | -57.3%+261.4pp | -199.0%-169.3pp | N/A | -30.8%+82.6pp | -318.6%-156.0pp |
| Return on Assets | -22.3%+29.7pp | -29.8% | -33.3%-9.8pp | -31.4%+88.1pp | -51.9%-39.1pp | N/A | -23.5%+27.0pp | -119.5%-55.3pp |
| Current Ratio | 5.11+4.6x | 2.13+1.6x | 1.40+0.3x | 1.60+1.5x | 0.47+0.1x | 0.49+0.2x | 1.05+0.6x | 0.11-0.6x |
| Debt-to-Equity | 0.02-0.2x | 0.04-1.0x | 0.04-0.3x | 0.11-1.6x | 0.18-1.1x | 1.04-10.4x | 0.31-0.9x | 1.67+0.1x |
| Asset Turnover | 0.060.0x | 0.18 | 0.46+0.5x | 0.29+0.3x | 0.08+0.1x | N/A | 0.00 | 0.00 |
| FCF Margin | -457.2% | -164.8% | N/A | N/A | -401.8% | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CROWN ELECTROKINETICS CRP CRKN | FY2024 | $19.7M | -$25.9M | N/A | N/A | — |
| SINCERITY APPLIED MAT SINC | FY2021 | $63K | -$61K | -97.4% | $198K | — |
Where CROWN ELECTROKINETICS CRP Ranks
Frequently Asked Questions
What is CROWN ELECTROKINETICS CRP's annual revenue?
CROWN ELECTROKINETICS CRP (CRKN) reported $19.7M in total revenue for fiscal year 2024. This represents a 12776.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is CROWN ELECTROKINETICS CRP's revenue growing?
CROWN ELECTROKINETICS CRP (CRKN) revenue grew by 12776.5% year-over-year, from $153K to $19.7M in fiscal year 2024.
Is CROWN ELECTROKINETICS CRP profitable?
No, CROWN ELECTROKINETICS CRP (CRKN) reported a net income of -$25.9M in fiscal year 2024.
What is CROWN ELECTROKINETICS CRP's EBITDA?
CROWN ELECTROKINETICS CRP (CRKN) had EBITDA of -$23.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CROWN ELECTROKINETICS CRP have?
As of fiscal year 2024, CROWN ELECTROKINETICS CRP (CRKN) had $13.7M in cash and equivalents against $924K in long-term debt.
What is CROWN ELECTROKINETICS CRP's gross margin?
CROWN ELECTROKINETICS CRP (CRKN) had a gross margin of -3.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is CROWN ELECTROKINETICS CRP's return on equity (ROE)?
CROWN ELECTROKINETICS CRP (CRKN) has a return on equity of -116.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is CROWN ELECTROKINETICS CRP's free cash flow?
CROWN ELECTROKINETICS CRP (CRKN) recorded an outflow of $24.3M in free cash flow during fiscal year 2024. This represents a -32.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is CROWN ELECTROKINETICS CRP's operating cash flow?
CROWN ELECTROKINETICS CRP (CRKN) recorded an outflow of $18.2M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are CROWN ELECTROKINETICS CRP's total assets?
CROWN ELECTROKINETICS CRP (CRKN) had $35.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are CROWN ELECTROKINETICS CRP's capital expenditures?
CROWN ELECTROKINETICS CRP (CRKN) invested $6.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does CROWN ELECTROKINETICS CRP spend on research and development?
CROWN ELECTROKINETICS CRP (CRKN) invested $3.4M in research and development during fiscal year 2024.
What is CROWN ELECTROKINETICS CRP's current ratio?
CROWN ELECTROKINETICS CRP (CRKN) had a current ratio of 2.13 as of fiscal year 2024, which is generally considered healthy.
What is CROWN ELECTROKINETICS CRP's debt-to-equity ratio?
CROWN ELECTROKINETICS CRP (CRKN) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CROWN ELECTROKINETICS CRP's return on assets (ROA)?
CROWN ELECTROKINETICS CRP (CRKN) had a return on assets of -74.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does CROWN ELECTROKINETICS CRP's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, CROWN ELECTROKINETICS CRP (CRKN) held $13.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $18.2M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is CROWN ELECTROKINETICS CRP's Piotroski F-Score?
CROWN ELECTROKINETICS CRP (CRKN) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CROWN ELECTROKINETICS CRP's earnings high quality?
CROWN ELECTROKINETICS CRP (CRKN) reported a net loss of $25.9M while operations used $18.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can CROWN ELECTROKINETICS CRP cover its interest payments?
CROWN ELECTROKINETICS CRP (CRKN) reported an operating loss of $24.1M against $994K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.