Crown Electrokinetics Corp. - CRKN STOCK NEWS

Crown Electrokinetics Corp. (NASDAQ: CRKN) reported its financial results for the fiscal 2022 Stub Period, ending December 31, 2021. CEO Doug Croxall and CFO Joel Krutz highlighted significant product updates, including the upcoming delivery of first-generation Smart Window Inserts in summer 2022, with installations planned in major US cities. The company secured a $10 million Letter of Credit facility for operational financing. Additionally, a favorable intellectual property valuation was announced, showcasing the company's promising technology in smart glass.

Crown Electrokinetics Corp (NASDAQ: CRKN) reported its financial results for the nine-month Stub Period ending December 31, 2021, showcasing a net loss of $16.5 million, which is an improvement from a $20.1 million loss in the prior year. Operating expenses rose to $16.9 million, driven mainly by stock-based compensation and payroll. The company anticipates launching its Smart Window Inserts by summer 2022, following the establishment of new facilities in Oregon. Recent partnerships include a Master Supply Agreement with a large REIT for product installation, enhancing market reach.

Crown Electrokinetics Corp (NASDAQ: CRKN) announced on March 28, 2022, that it has entered a Master Supply Agreement with a significant Real Estate Investment Trust (REIT). Crown will supply window tinting products in select locations across three states, with an expected product launch in Summer 2022. The commercial potential is significant, targeting a market of 5.9 million U.S. commercial buildings covering 97 billion square feet, as noted in the U.S. EIA's 2018 survey.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has provided a shareholder update discussing its strategic advancements in 2022. The company is set to complete facilities in Corvallis and Salem, enhancing manufacturing self-sufficiency and improving customer experience. Crown's Smart Window Inserts utilize DynamicTint™ technology to improve energy efficiency. The initial target market includes 5.9 million U.S. commercial buildings. The company is establishing relationships in the REIT market and has commissioned an independent valuation of its intellectual property portfolio, with results forthcoming.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced it will report its Fourth Quarter and Stub Period financial results on March 30, 2022, before market open. The report covers the nine months ending December 31, 2021 as part of transitioning to a new fiscal year starting 2022. A conference call will follow at 11:00 a.m. ET, featuring remarks from CEO Doug Croxall and CFO Joel Krutz. The company specializes in smart glass technology with a focus on sustainability, offering products that can transform glass surfaces quickly. A replay of the call will be available until April 13, 2022.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced key developments in its leadership vision during a Fireside Chat with CEO Doug Croxall. The company highlighted advancements in its DynamicTint technology, which boasts lower costs, reduced power consumption, and faster tinting capabilities. Croxall emphasized a vertically integrated manufacturing process designed to enhance efficiency and protect intellectual property. Crown plans to be a significant ESG supplier for U.S. office buildings, aiming for a summer 2022 launch of its smart window insert products.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced its participation in the 34th Annual ROTH Conference in Dana Point, California, from March 13-15, 2022. Doug Croxall, Chairman & CEO, will engage in a fireside chat on March 14 at 8:00 a.m. PT, hosted by ROTH's Senior Research Analyst Gerard Sweeney. The conference offers opportunities for one-on-one meetings with Crown's management. Crown specializes in smart glass technology, specifically DynamicTint, which allows glass to switch between clear and dark, contributing to energy efficiency and sustainability.

Crown Electrokinetics Corp (CRKN) announced a partnership with Hudson Pacific Properties to implement energy-saving Smart Window Inserts at various West Coast office locations. These solar-powered inserts enable rapid window tinting, potentially reducing energy consumption from heating and cooling by 26%. Hudson Pacific aims to enhance sustainability in its properties, aligning with the increasing demand for climate innovations. This move supports both environmental goals and cost reductions in energy usage for tenants.

Crown Electrokinetics Corp. (NASDAQ: CRKN) will participate in a Water Tower Research Fireside Chat on November 18, 2021, at 2:00 pm ET. Chairman & CEO Doug Croxall will discuss smart glass solutions, specifically their innovative technology, DynamicTint, which allows glass to transition between clear and dark rapidly. The firm highlights its commitment to sustainability and reducing carbon emissions with this technology. Interested participants can register for the event online.