📊 CRKN Key Takeaways
Investment Thesis
Crown Electrokinetics is a pre-revenue/early-stage company with severe cash burn, negative profitability across all metrics, and unsustainable unit economics. While revenue growth appears dramatic (+12,776% YoY), this reflects minimal base revenue ($2.8M) with deteriorating unit margins and accelerating net losses. The company's runway depends entirely on existing cash reserves with no clear path to profitability.
CRKN Strengths
- Strong liquidity position with $22.4M cash and 5.11x current ratio
- Minimal debt burden with 0.02x debt-to-equity ratio
- Triple-digit revenue growth rate demonstrating early commercialization
- Positive stockholders' equity of $35.9M providing solvency buffer
CRKN Risks
- Severe and widening cash burn ($11.0M operating cash flow negative, -$12.7M free cash flow) with 2-3 year runway at current burn rate
- Deeply negative profitability with -36.7% gross margin indicating fundamental unit economics problems and cost structure misalignment
- Massive operating losses (-$9.9M on $2.8M revenue, -357% margin) suggesting business model is unprofitable at current scale
- Loss acceleration trending negatively with net losses of -$9.7M despite revenue growth, indicating variable costs exceed contribution margin
Key Metrics to Watch
- Gross margin trend - must achieve positive and >50% margin to indicate viable unit economics
- Monthly cash burn rate and remaining runway - critical for solvency timeline
- Revenue growth quality - assess if revenue is sustainable or driven by one-time contracts
- Path to breakeven - require explicit timeline and plan to reach operating profitability
CRKN Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 5.11x current ratio provides a solid financial cushion.
CRKN Profitability Ratios
CRKN vs Technology Sector
How Crown Electrokinetics Corp. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CRKN Balance Sheet & Liquidity
CRKN 5-Year Financial Trend
5-Year Trend Summary: Crown Electrokinetics Corp.'s revenue has grown significantly by 3,803% over the 5-year period, indicating strong business expansion. The most recent EPS of $-109,044.12 indicates the company is currently unprofitable.
CRKN Growth Metrics (YoY)
CRKN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2025 | $682.0K | -$4.6M | $-5.79 |
| Q3 2024 | N/A | -$2.3M | N/A |
| Q2 2024 | $37.0K | -$2.3M | N/A |
| Q1 2024 | $22.0K | -$2.3M | N/A |
| Q3 2023 | $59.0K | -$2.9M | N/A |
| Q2 2023 | $37.0K | -$4.5M | N/A |
| Q1 2023 | $22.0K | -$2.3M | N/A |
| Q3 2021 | $100.0K | -$2.3M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CRKN Capital Allocation
CRKN SEC Filings
Access official SEC EDGAR filings for Crown Electrokinetics Corp. (CIK: 0001761696)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRKN
What is the AI rating for CRKN?
Crown Electrokinetics Corp. (CRKN) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRKN's key strengths?
Strong liquidity position with $22.4M cash and 5.11x current ratio. Minimal debt burden with 0.02x debt-to-equity ratio.
What are the risks of investing in CRKN?
Severe and widening cash burn ($11.0M operating cash flow negative, -$12.7M free cash flow) with 2-3 year runway at current burn rate. Deeply negative profitability with -36.7% gross margin indicating fundamental unit economics problems and cost structure misalignment.
What is CRKN's revenue and growth?
Crown Electrokinetics Corp. reported revenue of $2.8M.
Does CRKN pay dividends?
Crown Electrokinetics Corp. does not currently pay dividends.
Where can I find CRKN SEC filings?
Official SEC filings for Crown Electrokinetics Corp. (CIK: 0001761696) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRKN's EPS?
Crown Electrokinetics Corp. has a diluted EPS of $-5.79.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.