Crown Electr Stock Price, News & Analysis

Crown Electrokinetics Corp. (NASDAQ: CRKN) urges shareholders to vote for management proposals outlined in its Form DEF 14A, filed with the SEC on November 25, 2022, ahead of the December 22, 2022 shareholder meeting. These proposals are essential for maintaining its listing on the Nasdaq Capital Market and funding future operations. Shareholders holding shares via brokers need their control number from the proxy card to vote. Crown specializes in smart glass technology, specifically DynamicTint™, which enables glass to change opacity swiftly, enhancing sustainability and reducing carbon emissions.

On November 11, 2022, Crown Electrokinetics Corp. (NASDAQ: CRKN) reported its financial results for Q3 2022. Key highlights include a completed $4 million financing and advancements towards a $30 million debt facility. The company anticipates delivering its first-generation smart window inserts in Q1 2023. Restructuring efforts reduced operational costs by 24%, leading to a monthly cash burn rate of $0.7 million compared to $1.2 million prior to restructuring. Investors can access more information via the company's website.

Crown Electrokinetics Corp. (NASDAQ: CRKN) reported its Q3 2022 financial results on November 11, 2022. The company experienced a net loss of $3.1 million, down from $5.7 million in Q3 2021. Operating expenses totaled $3.1 million. Crown raised $4 million in equity and is advancing towards a $30 million debt facility to support its first-generation smart window product and future manufacturing capabilities, with deliveries expected in Q1 2023. The company maintains a cash position of $0.3 million, aided by a $10 million standby letter of credit.

Crown Electrokinetics Corp. (NASDAQ: CRKN) will report its third quarter financial results for 2022 on November 11, 2022. A conference call featuring CEO Doug Croxall and CFO Joel Krutz will take place at 11:00 a.m. EST to discuss the results. Investors can participate by dialing in or via an audio webcast. Crown specializes in smart glass technology, offering DynamicTint™, which allows glass to transition between clear and dark quickly, presenting a sustainable alternative to traditional window treatments.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has successfully closed a $4 Million private placement facilitated by Revere Securities. This funding is earmarked to support the company in delivering its first-generation product and for ongoing debt capital negotiations necessary for future manufacturing phases. Doug Croxall, CEO, emphasized the significance of this capital for the company's operational expansion.

Crown specializes in smart glass technology, known for its DynamicTint™, enabling glass to switch between clear and dark swiftly, offering a sustainable alternative to conventional window treatments.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced its intent to dual list shares on Upstream, a digital trading platform for securities and NFTs. This move aims to attract a broader, global investor base by enabling trading using USDC, credit, debit, and PayPal. CEO Doug Croxall emphasized the importance of enhanced liquidity for shareholders. Approval from MERJ is required for the listing, but Crown may qualify for expedited processing due to its current Nasdaq status. The dual listing is expected to improve price discovery and liquidity for investors.

Crown Electrokinetics Corp. (NASDAQ: CRKN) reported the successful closure of $4 million in new capital amid challenging market conditions for pre-revenue firms. This funding will facilitate the delivery of their first-generation smart glass product and support ongoing debt negotiations for future manufacturing phases. The company aims to capitalize on the projected smart glass market growth, estimated at $8.2 billion by 2027. Additionally, Crown is restructuring its board with new appointments to better align with its strategic goals and enhance overall governance.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced significant progress with two initial purchase orders of its Smart Window Inserts™ from Hudson Pacific Properties. These orders represent a milestone for the company and are set to be delivered following the launch of its first-generation production line this fall. The Smart Window Inserts™ aim to reduce HVAC energy costs and lower carbon footprints for existing buildings, addressing sustainability needs. The recently passed Inflation Reduction Act enhances tax incentives for retrofitting, potentially accelerating market adoption of Crown's technology.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has secured two purchase orders for its innovative Smart Window Inserts™, which will be implemented in San Francisco Bay Area buildings. The Smart Window Inserts™ are set to be delivered once the first-generation production line is operational this fall. CEO Doug Croxall highlights that this marks the first order and aims to enhance energy efficiency and reduce carbon footprints for legacy buildings. The Inflation Reduction Act will provide expanded tax incentives for energy improvements, further bolstering Crown's value proposition for clients.