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Crown ElectroKinetics Corp - CRKN STOCK NEWS

Welcome to our dedicated news page for Crown ElectroKinetics (Ticker: CRKN), a resource for investors and traders seeking the latest updates and insights on Crown ElectroKinetics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crown ElectroKinetics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crown ElectroKinetics's position in the market.

Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) reported a net loss of $29.0 million for the year ended December 31, 2023, with $0.2 million in revenues solely from the Fiber division. Operating expenses totaled $19.4 million, and the cash position stood at $1.1 million. Updated financial guidance for Q1 and Q2 of 2024 shows revenue and net loss expectations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
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Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) announced its fourth quarter and year-end 2023 conference call scheduled for April 1, 2024. The conference will feature remarks by Crown's management team, and participants can join via webcast or dial-in. Questions can be sent in advance to info@crownek.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
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conferences
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Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) provides financial guidance for the first and second quarters of 2024, highlighting new deals in Mexico and Florida, Arizona business, and personnel additions. The company expects an inflection point in the second quarter with revenue growth and improved earnings in the Fiber Optics division.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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none
Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) announces an agreement with The Twin Dolphin Club for constructing slant wells in a resort development, marking a $3.5 million deal with potential for further projects. The project led by Corey Boaz is set to start in spring and finish by fall, with a $1.2 million upfront payment. CEO Doug Croxall sees this as a gateway to new revenue streams in Mexico, Central America, and the Caribbean.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.93%
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none
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Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) issues a letter to shareholders, highlighting advancements in its Electrokinetic Film division, including solving the 12-inch mastering challenge for its 'Gen 1' smart window insert. The company also welcomes Sheldon Davis as a senior advisor, bringing valuable industry expertise. In the Fiber Optics division, Crown reflects on lessons learned from its initial investment in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
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none
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Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) announces the commencement of a new backbone fiber project in Florida, involving 300 miles of horizontal directional drilling. The project is expected to generate up to $11 million in revenue with a 20% margin. This marks the beginning of a 1,100 mile fiber build that could result in $40 million in total revenue and an estimated EBITDA of $8 million. Crown is positioning itself as a major player in the Florida market, led by the new President of Construction, Corey Boaz.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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none
Rhea-AI Summary
Crown Electrokinetics Corp. (CRKN) appoints Sheldon Davis as Senior Business Advisor, bringing extensive R&D experience and a track record of revenue generation to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
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none
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Rhea-AI Summary
Crown Electrokinetics Corp. appoints Corey Boaz as President of Construction of its fiber optics division, Crown Fiber Optics. Boaz brings 13 years of experience in construction of underground utility infrastructure and aims to drive new business opportunities in the communications sector, as well as develop new revenue streams for Crown in various sectors. He has been granted 750,000 RSUs as an inducement equity award.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.42%
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none
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Rhea-AI Summary
Crown Electrokinetics Corp. (NASDAQ:CRKN) has reached a major milestone in its Electrokinetic Film division and has made significant progress in its Fiber Optics division. The company has successfully created the largest and highest quality master in its history, a critical step in the production of its smart window insert. Additionally, Crown has expanded its customer base in the Arizona market and has been onboarded with multiple customers, marking the first time the company has been selected as a prime contractor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.84%
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Rhea-AI Summary
Crown Electrokinetics Corp. (NASDAQ:CRKN) has been selected for a high-profile project in Chandler, Arizona, by a $5 billion NYSE-listed infrastructure construction company. The project is expected to last 7-10 years, with significant revenue growth anticipated throughout 2024 and beyond. The CEO, Doug Croxall, expressed pride in the company's strategic focus and execution, positioning Crown for further scale and strong growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
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Crown ElectroKinetics Corp

Nasdaq:CRKN

CRKN Rankings

CRKN Stock Data

2.81M
51.31M
0.7%
1.29%
0.31%
Other Electronic Component Manufacturing
Manufacturing
Link
United States
Corvallis

About CRKN

crown electrokinetics (otcqb: crkn) a global leader in dynamictint - we make your glass smarter™. originally invented by hewlett-packard (hp, inc.), our technology allows any glass surface to transition between clear and dark in seconds. dynamictint™allows windows to transition from transparent to black. with applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, crown partners with leading glass and film manufacturers, licensing its intellectual property for mass production. at the core of crown’s technology is a thin film that is powered by electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. the company is supported by a robust patent portfolio.