CRKN Earnings Prediction
The chart below shows how CRKN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CRKN sees a +4.24% change in stock price 10 days leading up to the earnings, and a -15.13% change 10 days following the report. On the earnings day itself, the stock moves by -0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
CRKN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.04M
--
72.91%
Gross Margin
17.59%
107.67%
109.65%
Operating Margin
-72.33%
-99.66%
-31.50%
Net Margin
-72.96%
-99.78%
-32.57%
EPS
-1.26
-34.04%
-78.61%
No Data Available
CRKN Earnings Analysis
Crown Electrokinetics Corp. Common Stock Corporation (CRKN.O) Earnings Conference Call
Positive
Record Revenue Surge: 1. Record Revenue Achievement: Crown Electrokinetics reported record revenues of $8 million for Q3 2024, a significant increase from $0 in the same period of 2023.
Gross Profit Increase: 2. Gross Profit Growth: The company achieved a gross profit of $1.4 million in Q3 2024, compared to $0 in Q3 2023, indicating successful revenue generation from new contracts.
Fiber Optics Pipeline Expansion: 3. Strong Pipeline in Fiber Optics: Crown's Fiber Optics division secured 3 major customer agreements in Q3, contributing to an estimated uncontracted pipeline revenue of over $50 million.
Water Solutions Expansion: 4. Expansion in Water Solutions: The Water Solutions division has over $48 million in anticipated secured projects, with an additional estimated $70 million in expected projects related to lead pipe remediation.
Strong Revenue Projections: 5. Positive Revenue Guidance: Crown anticipates revenue of $9 million for Q4 2024 and projects full-year revenue between $30 million and $35 million for fiscal calendar 2025, indicating strong growth expectations.
Negative
Net Loss Increase: 1. Increased Net Loss: The net loss for Q3 2024 was $5.9 million, up from a net loss of $2.9 million in Q3 2023, indicating a worsening financial position year-over-year.
Increased G&A Expenses: 2. Rising General and Administrative Expenses: G&A expenses rose to $6.5 million in Q3 2024, compared to $2.9 million in the same period of 2023, reflecting a significant increase in operational costs.
Rising Operating Expenses: 3. Higher Operating Expenses: Operating expenses increased to approximately $7.2 million in Q3 2024, up from $3.4 million in Q3 2023, highlighting escalating costs associated with business operations.
Cash Liquidity Issues: 4. Cash Position Concerns: As of September 30, 2024, cash was approximately $3.1 million, raising concerns about the company's liquidity and ability to fund ongoing operations.
R&D Expense Increase: 5. Increased R&D Expenses: R&D expenses grew to $0.7 million in Q3 2024 from $0.5 million in Q3 2023, indicating higher investment in development without immediate returns.
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CRKN Earning Call Sentiment
Crown Electrokinetics Corporation (CRKN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CRKN.O
0.02%Positive
The earnings call highlights strong revenue growth and significant new contracts, particularly in lead pipe projects, indicating positive future prospects. Despite increased expenses and net loss, the optimistic guidance for 2025 and profitability expectations are encouraging. However, regulatory and supply chain risks, along with competitive pressures, pose challenges. The lack of a shareholder return plan is a neutral factor. Overall, the positive revenue outlook and strategic growth initiatives suggest a positive stock price movement in the short term.