From Investing.com: 2024-05-19 08:22:37

Crown ElectroKinetics Corp. reported a net loss of $4.6 million for Q1 2024. Despite losses, the company is optimistic about future product developments and revenue-generating projects. The company is also working to address a NASDAQ bid price non-compliance issue. The fiber division is generating revenue and securing projects in Nevada, Idaho, and Mexico. The company anticipates shipping its Gen 1 Alpha Smart Window Insert later this summer and aims for mass production by next spring.
Sheldon Davis has been appointed as President of the ElectroKinetics film division, bringing valuable industry expertise to Crown. The company’s strategic shift in the fiber division to partner with subcontractors has improved cost control and margins. Crown is actively exploring options to address NASDAQ non-compliance and continues to focus on innovation and market expansion.
Investors should be aware of Crown ElectroKinetics’ recent financial performance and strategic initiatives to drive growth potential. The company is not yet profitable, but recent price total return indicates investor confidence. Analysts forecast sales growth in the current year, suggesting positive momentum. Subscribe to InvestingPro for additional insights and tips on CRKN’s financial health and market position.



Read more at Investing.com: Crown ElectroKinetics reports progress and growth in Q1 2024 By Investing.com