Crown Electr Stock Price, News & Analysis

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced a definitive term sheet for debt financing aimed at funding two new roll-to-roll production lines for its DynamicTint™ film. This facility will enhance production capabilities, allowing for films ranging from 12 to 72 inches wide. Upon reaching full capacity, the company anticipates annual revenues of approximately $220 million and an EBITDA of $40 million. The financing details will be disclosed after closing, expected within the next two months.

Crown Electrokinetics Corp. (NASDAQ: CRKN) reported its Q1 2022 financial results during a call on May 13, 2022. The company highlighted its transition to vertically integrated production, aiming to enhance profit margins and IP protection. The first-generation Smart Window Inserts™ will be produced in Oregon with deliveries expected in Summer 2022. Financial reports cited increased operational expenses due to one-time events but announced a potential $2.5 million in annualized savings from organizational restructuring. Crown's intellectual property was valued at $94.4 million as of April 4, 2022.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced its financial results for Q1 2022, reporting a net loss of $4.6 million, down from $20.7 million in Q1 2021. The company's operating expenses decreased to $4.6 million from $5.3 million year-over-year. Crown is set to open a new facility in Salem, Oregon, for Smart Window Inserts™ assembly in Summer 2022 and recently secured a Master Supply Agreement with a large REIT for product installation. As of March 31, 2022, cash reserves were reported at $2.5 million.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced updates regarding its new manufacturing facility and product availability in a recent shareholder letter. The company is moving to vertical integration to enhance control over production, aiming to launch its first-generation Smart Window Insert by summer 2022. With three current customers managing 281 buildings, Crown anticipates annual revenue of $110 - $120 million and an EBITDA of $20 million. Notably, CEO Doug Croxall informed shareholders about executive management changes, including the appointment of Eddie Gordon as Vice President of Operations.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced the promotion of Eddie Gordon to Vice President of Operations. This move aligns with the company's upcoming launch of its independent manufacturing facilities and the anticipated release of its first product, the generation 1.0 Smart Window Insert, this summer. Gordon, who has been with Crown since July 2021, brings over 30 years of manufacturing experience from notable companies like Tesla. The company aims to transition from R&D to production, enhancing operational efficiency to meet expected product demand.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced that it will release its first-quarter financial results for 2022 on May 13, 2022. The company will host a conference call at 11:00 a.m. Eastern Time, featuring remarks from Chairman & CEO Doug Croxall and CFO Joel Krutz. The live call can be accessed at +1-877-451-6152 (Toll Free) or +1-201-389-0879 (International). An archived version will be available after the call on the company's Investor Relations website. Crown specializes in smart glass technology, allowing glass surfaces to transition from clear to dark quickly.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced it will report its first quarter financial results for 2022 on May 13, 2022, at 11:00 a.m. Eastern Time. The company, known for its innovative smart glass technology, will host an earnings conference call featuring remarks from Chairman & CEO Doug Croxall and CFO Joel Krutz. Investors unable to attend can access a replay of the call until April 13, 2022. The firm emphasizes its DynamicTint™ technology, which allows glass surfaces to transition between clear and dark, promoting sustainability and lower carbon emissions.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has released research with Lawrence Berkeley National Laboratory, revealing that over $45 billion in energy is wasted annually in the U.S. due to inefficient windows. This figure highlights the growing concern over energy waste, as data indicates a steady increase since a previous estimate of $40 billion in 2018. Crown's DynamicTint™ technology aims to mitigate this waste across commercial and residential sectors. The company's intellectual property has a market value of $94.4 million, bolstering its prospects for entering the smart glass market. A product launch is anticipated in Summer 2022.