Welcome to our dedicated page for Crown Electrokinetics news (Ticker: CRKN), a resource for investors and traders seeking the latest updates and insights on Crown Electrokinetics stock.
Crown ElectroKinetics Corp is a provider of DynamicTint. The company's 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 glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. It is supported by a robust patent portfolio.
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Crown Electrokinetics Corp. has appointed Sheldon Davis as the president of its smart glass division, leveraging his extensive experience in the glass industry, particularly with smart glass technology. Sheldon's successful track record in product launches is expected to benefit Crown as they prepare to launch their Gen 1 Smart Window Insert. His appointment comes at a important juncture for the company, poised for growth and innovation.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ
What is the current stock price of Crown Electrokinetics (CRKN)?
The current stock price of Crown Electrokinetics (CRKN) is $0.1299 as of December 24, 2024.
What is the market cap of Crown Electrokinetics (CRKN)?
The market cap of Crown Electrokinetics (CRKN) is approximately 1.2M.
What does Crown ElectroKinetics Corp provide?
Crown ElectroKinetics Corp is a provider of DynamicTint technology, allowing glass surfaces to transition between clear and dark.
What are the applications of DynamicTint technology?
DynamicTint technology can be applied to various windows, including those in commercial buildings, automotive sunroofs, and residential skylights.
How is Crown ElectroKinetics Corp's technology powered?
The technology is powered by an electrically-charged pigment embedded in a thin film, offering a sustainable alternative to traditional window treatments.
What sets Crown ElectroKinetics Corp apart from others?
Crown's technology provides a quick transition from transparent to black, revolutionizing the smart glass industry with its innovative solutions.
Does Crown ElectroKinetics Corp have any partnerships?
Crown partners with glass and film manufacturers for mass production and distribution of its DynamicTint technology.
What supports Crown ElectroKinetics Corp's technology?
The company's technology is supported by a robust patent portfolio, ensuring its uniqueness and protection in the market.
How sustainable is Crown ElectroKinetics Corp's technology?
Crown's technology offers a more sustainable alternative to traditional window treatments, making it an environmentally friendly choice.
What is the core business of Crown ElectroKinetics Corp?
Crown ElectroKinetics Corp specializes in providing DynamicTint technology for smart glass applications, making glass surfaces transition between clear and dark.
What type of windows can benefit from Crown ElectroKinetics Corp's technology?
Crown's technology can be applied to a wide array of windows, including those found in commercial buildings, automotive sunroofs, and residential skylights.
How does Crown ElectroKinetics Corp contribute to sustainability?
By offering a more sustainable alternative to traditional window treatments, Crown ElectroKinetics Corp helps reduce environmental impact and promote eco-friendly solutions.
Crown Electrokinetics Corp.
Nasdaq:CRKN
CRKN Rankings
CRKN Stock Data
1.21M
9.25M
0.64%
0.44%
14.46%
Specialty Chemicals
Electronic Components, Nec
United States of America
CORVALLIS