Crown Electr Financials
Crown Electr (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).
A financing-funded scale-up is expanding revenue fast, but cash burn and negative gross profit still define operations.
Across FY2023-FY2024, financing inflows of$56.2M offset combined free cash burn of-$42.7M , which is why cash and short-term liquidity improved even as the core business stayed loss-making. The move in current ratio from 0.5x to 2.1x therefore reads less like operating repair and more like a recapitalization of the balance sheet.
FY2024’s important change was not just higher sales: revenue scale reached
Operating cash flow of
Financial Health Signals
Crown Electr 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 Electr 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 Electr 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 Electr 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 Electr generated $19.7M in revenue in fiscal year 2024. This represents an increase of 12776.5% from the prior year.
Crown Electr's EBITDA was -$23.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.9% from the prior year.
Crown Electr reported -$25.9M in net income in fiscal year 2024. This represents an increase of 10.5% from the prior year.
Cash & Balance Sheet
Crown Electr recorded an outflow of $24.3M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 32.7% from the prior year.
Crown Electr held $13.7M in cash against $924K in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Crown Electr's gross margin was -3.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. No change is given against fiscal year 2023: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Crown Electr's ROE was -116.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 503.1 percentage points from the prior year.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Crown Electr invested $3.4M in research and development in fiscal year 2024. This represents an increase of 20.0% from the prior year.
Crown Electr invested $6.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 182.8% from the prior year.
Not reported for fiscal year 2024.
CRKN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M-56.2% | $6.3M-21.2% | $8.0M+72.9% | $4.6M+581.5% | $682K | N/A | $0-100.0% | $37K |
| Cost of Revenue | N/A | N/A | $6.6M+64.0% | $4.0M+146.9% | $1.6M | N/A | $0-100.0% | $23K |
| Gross Profit | -$1.0M+40.7% | -$1.7M-221.2% | $1.4M+132.2% | $609K+159.5% | -$1.0M | N/A | $0-100.0% | $14K |
| R&D Expenses | $1.2M+91.1% | $638K-11.4% | $720K-35.2% | $1.1M+23.7% | $898K | N/A | $492K+0.4% | $490K |
| SG&A Expenses | $7.7M+1.3% | $7.6M+16.3% | $6.5M+55.4% | $4.2M+134.7% | $1.8M | N/A | $2.9M-32.0% | $4.3M |
| Operating Income | -$9.9M-2.1% | -$9.7M-66.9% | -$5.8M-18.4% | -$4.9M-32.5% | -$3.7M | N/A | -$3.4M+29.7% | -$4.9M |
| Interest Expense | N/A | -$11K | $0-100.0% | $145K-83.1% | $860K | N/A | $2.4M-2.5% | $2.5M |
| Income Tax | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Net Income | -$9.7M+7.3% | -$10.4M-78.1% | -$5.9M-16.6% | -$5.0M-9.0% | -$4.6M | N/A | -$2.9M+80.3% | -$14.5M |
| EPS (Diluted) | -$5.79 | N/A | N/A | N/A | -$2881.11 | N/A | N/A | N/A |
CRKN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.5M+24.3% | $35.0M+98.5% | $17.6M+10.2% | $16.0M+80.2% | $8.9M-6.8% | $9.5M-21.7% | $12.2M+0.2% | $12.1M |
| Current Assets | $31.3M+32.8% | $23.6M+169.5% | $8.8M-4.6% | $9.2M+273.7% | $2.5M+31.3% | $1.9M-29.8% | $2.7M+236.1% | $792K |
| Cash & Equivalents | $22.4M+63.9% | $13.7M+343.8% | $3.1M-22.6% | $4.0M+1275.9% | $290K-72.6% | $1.1M-48.5% | $2.1M+5611.1% | $36K |
| Accounts Receivable | $4.9M-7.8% | $5.4M+10.0% | $4.9M+45.3% | $3.4M+331.8% | $776K+834.9% | $83K | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $652K0.0% | $652K0.0% | $652K |
| Total Liabilities | $7.6M-40.3% | $12.7M+65.4% | $7.7M+6.7% | $7.2M+10.0% | $6.6M+35.2% | $4.8M+67.7% | $2.9M-61.9% | $7.6M |
| Current Liabilities | $6.1M-44.7% | $11.1M+76.9% | $6.3M+9.0% | $5.7M+9.2% | $5.3M+39.3% | $3.8M+48.9% | $2.5M-64.9% | $7.2M |
| Long-Term Debt | $870K-5.8% | $924K+111.0% | $438K-53.0% | $932K+121.4% | $421K | N/A | N/A | N/A |
| Total Equity | $35.9M+61.3% | $22.2M+124.2% | $9.9M+13.0% | $8.8M+278.9% | $2.3M-50.4% | $4.7M-49.6% | $9.3M+103.5% | $4.6M |
| Retained Earnings | -$152.6M-6.8% | -$142.9M-7.9% | -$132.5M-4.6% | -$126.6M-4.1% | -$121.6M-3.9% | -$117.0M-8.6% | -$107.7M-2.7% | -$104.8M |
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.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.0M-71.6% | -$6.4M-120.7% | -$2.9M+52.9% | -$6.2M-130.7% | -$2.7M+38.4% | -$4.3M-27.1% | -$3.4M+6.5% | -$3.7M |
| Capital Expenditures | $1.7M-58.8% | $4.0M | N/A | N/A | $63K-94.2% | $1.1M | N/A | N/A |
| Free Cash Flow | -$12.7M-21.4% | -$10.4M | N/A | N/A | -$2.7M+49.6% | -$5.4M | N/A | N/A |
| Investing Cash Flow | -$1.7M+57.8% | -$3.9M-76.4% | -$2.2M-31885.7% | $7K+111.1% | -$63K+94.2% | -$1.1M-188.1% | -$378K-39.5% | -$271K |
| Financing Cash Flow | $21.4M+2.2% | $21.0M+395.3% | $4.2M-57.1% | $9.9M+400.7% | $2.0M-55.6% | $4.4M-23.7% | $5.8M+218.2% | $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.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -36.7%-9.6pp | -27.1%-44.6pp | 17.6%+4.5pp | 13.1% | -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%+19.9pp | -46.9%+12.2pp | -59.1%-1.8pp | -57.3%+141.7pp | -199.0% | N/A | -30.8%+287.8pp | -318.6% |
| Return on Assets | -22.3%+7.6pp | -29.8%+3.4pp | -33.3%-1.8pp | -31.4%+20.5pp | -51.9% | N/A | -23.5%+96.0pp | -119.5% |
| Current Ratio | 5.11+3.0x | 2.13+0.7x | 1.40-0.2x | 1.60+1.1x | 0.470.0x | 0.49-0.6x | 1.05+0.9x | 0.11 |
| Debt-to-Equity | 0.020.0x | 0.040.0x | 0.04-0.1x | 0.11-0.1x | 0.18-0.9x | 1.04+0.7x | 0.31-1.4x | 1.67 |
| 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.
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Where Crown Electr Ranks
Frequently Asked Questions
What is Crown Electr's annual revenue?
Crown Electr (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 Electr's revenue growing?
Crown Electr (CRKN) revenue grew by 12776.5% year-over-year, from $153K to $19.7M in fiscal year 2024.
Is Crown Electr profitable?
No, Crown Electr (CRKN) reported a net income of -$25.9M in fiscal year 2024.
What is Crown Electr's EBITDA?
Crown Electr (CRKN) had EBITDA of -$23.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Crown Electr have?
As of fiscal year 2024, Crown Electr (CRKN) had $13.7M in cash and equivalents against $924K in long-term debt.
What is Crown Electr's gross margin?
Crown Electr (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 Electr's return on equity (ROE)?
Crown Electr (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 Electr's free cash flow?
Crown Electr (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 Electr's operating cash flow?
Crown Electr (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 Electr's total assets?
Crown Electr (CRKN) had $35.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Crown Electr's capital expenditures?
Crown Electr (CRKN) invested $6.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Crown Electr spend on research and development?
Crown Electr (CRKN) invested $3.4M in research and development during fiscal year 2024.
What is Crown Electr's current ratio?
Crown Electr (CRKN) had a current ratio of 2.13 as of fiscal year 2024, which is generally considered healthy.
What is Crown Electr's debt-to-equity ratio?
Crown Electr (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 Electr's return on assets (ROA)?
Crown Electr (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 Electr's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, Crown Electr (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 Electr's Piotroski F-Score?
Crown Electr (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 Electr's earnings high quality?
Crown Electr (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 Electr cover its interest payments?
Crown Electr (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.