Crown ElectroKinetics Corp. (CRKN) Cash Flow Statement
Where CRKN’s cash came from and went, 2024
December 31, 2024 · U.S. dollars- Cash from operations
- −$18.2M
- Capital expenditures
- $6.1M 31.2% of revenue
- Free cash flow
- −$24.3M −123.5% margin
- Returned to shareholders
- —
- Change in cash
- $12.6M cash at year-end $13.7M
Cash from operations
−$18.2M
Capital expenditures
−$6.1M
Investments (net)
−$6.2M
Net borrowing (repayment)
−$99,000
Shares issued
+$37.1M
Currency & other
+$6.1M
Change in cash
$12.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CRKN operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CRKN cash flow trends, 2016–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.2M2016 | −$18.2M2024 | — | |
| Capital expenditures | $02016 | $6.1M2024 | — | |
| Free cash flow | −$1.2M2016 | −$24.3M2024 | — | |
| Free cash flow margin | −341.7%2018 | −123.5%2024 | +218.2 pts | |
| Stock-based compensation | $1.0M2018 | $5.2M2024 | +31.5%/yr | |
| Share buybacks (net) | $02016 | $450,0002021 | — | |
| Capex / revenue | 21.7%2018 | 31.2%2024 | +9.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRKN cash flow by activity
OperatingInvestingFinancingChange in cash
CRKN net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CRKN cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$25.9M | −$29.0M | −$14.3M | −$37.2M | −$9.6M | −$4.3M | −$4.3M | −$1.2M | −$1.2M |
| Depreciation & amortization | $1.9M | $1.4M | $997,000 | $759,000 | $76,752 | $55,814 | $55,814 | $46,750 | $25,500 |
| Stock-based compensation | $5.2M | $714,000 | $2.4M | $12.2M | $4.5M | $1.0M | $1.0M | — | — |
| Change in working capital | −$1.5M | $609,000 | $522,000 | −$598,000 | $1.7M | $17,971 | $17,971 | −$3.1M | −$4,240 |
| Other non-cash items | $2.1M | $10.1M | −$749,000 | $13.4M | $2.3M | $1.6M | $1.6M | $3.8M | $55,670 |
| Cash from operating activities | −$18.2M | −$16.2M | −$11.1M | −$11.4M | −$1.0M | −$1.6M | −$1.6M | −$370,650 | −$1.2M |
| Investing activities | |||||||||
| Capital expenditures | −$6.1M | −$2.2M | −$812,000 | −$629,000 | −$26,603 | −$109,290 | −$109,290 | −$50,000 | $0 |
| Investments (net) | −$6.2M | −$2.8M | −$812,000 | — | −$1.6M | −$26,603 | −$109,290 | — | — |
| Acquisitions & other investing | — | — | — | −$459,000 | $26,603 | $109,290 | $109,290 | $0 | — |
| Cash from investing activities | — | — | — | −$1.1M | −$1.6M | −$26,603 | −$109,290 | −$50,000 | — |
| Financing activities | |||||||||
| Dividends paid | — | — | — | — | −$450,000 | — | — | — | — |
| Share repurchases & issuance (net) | — | — | — | −$450,000 | −$450,000 | $0 | — | — | $57,990 |
| Net borrowing (repayment) | −$99,000 | $1.4M | $3.5M | $3.5M | $2.8M | $1.0M | $1.7M | $565,000 | — |
| Shares issued | $37.1M | $16.0M | $3.2M | $0 | $20.9M | $0 | $0 | $0 | $0 |
| Other financing | $0 | $1.9M | −$46,000 | $16.9M | −$21.8M | $636,259 | $0 | $16,710 | $1.1M |
| Cash from financing activities | $37.0M | $19.2M | $6.6M | $19.9M | $1.0M | $1.7M | $1.7M | $581,710 | $1.1M |
| Summary | |||||||||
| Net change in cash | $12.6M | $238,000 | −$5.3M | $15.2M | −$51,140 | −$68,775 | −$68,775 | $161,060 | −$22,510 |
| Cash at end of period | $13.7M | $1.1M | $821,000 | $15.3M | $48,307 | $99,447 | $99,447 | $168,230 | −$22,510 |
| Free cash flow | −$24.3M | −$18.3M | −$12.0M | −$12.0M | −$1.1M | −$1.7M | −$1.7M | −$420,650 | −$1.2M |
| Free cash flow margin | −123.5% | −11,982.4% | −20,257.6% | — | −1,070.9% | −341.7% | −341.7% | — | — |
| Capex / revenue | 31.2% | 1,420.3% | 1,376.3% | — | 26.6% | 21.7% | 21.7% | — | — |
| Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$9.7M | −$10.4M | −$5.9M | −$5.0M | −$4.6M | −$9.3M | −$2.9M | −$14.5M | −$2.3M | −$2.2M | −$3.1M | −$4.5M |
| Depreciation & amortization | $667,000 | $660,000 | $566,000 | $289,000 | $380,000 | −$324,000 | $266,000 | $1.1M | $315,000 | $272,000 | $252,000 | $248,000 |
| Stock-based compensation | $2.1M | $673,000 | $2.2M | $2.1M | $274,000 | $268,000 | $133,000 | $132,000 | $181,000 | −$606,000 | $480,000 | $1.4M |
| Change in working capital | −$4.4M | $1.7M | $89,000 | −$3.6M | $314,000 | $1.5M | $64,000 | $119,000 | −$1.1M | $196,000 | $278,000 | $390,000 |
| Other non-cash items | $295,000 | $983,000 | $147,000 | $32,000 | $967,000 | $3.5M | −$1.0M | $9.5M | −$1.8M | −$801,000 | $0 | $0 |
| Cash from operating activities | −$11.0M | −$6.4M | −$2.9M | −$6.2M | −$2.7M | −$4.4M | −$3.4M | −$3.7M | −$4.7M | −$3.1M | −$2.1M | −$2.4M |
| Investing activities | ||||||||||||
| Capital expenditures | −$1.7M | −$4.0M | −$2.1M | −$7,000 | −$63,000 | −$1.1M | −$377,000 | −$272,000 | −$435,000 | −$473,000 | −$20,000 | −$254,000 |
| Investments (net) | −$1.7M | −$3.9M | −$2.2M | $7,000 | −$63,000 | −$1.1M | −$378,000 | −$271,000 | −$1.1M | −$473,000 | −$20,000 | −$254,000 |
| Acquisitions & other investing | — | — | — | — | — | — | — | $272,000 | $1.2M | $473,000 | $20,000 | $254,000 |
| Cash from investing activities | — | — | — | — | — | — | — | −$271,000 | −$271,000 | −$473,000 | −$20,000 | −$254,000 |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | −$6,000 | — | — | — |
| Net borrowing (repayment) | −$54,000 | −$59,000 | −$558,000 | $526,000 | −$8,000 | — | — | −$1.2M | −$1.2M | −$1.2M | −$1.2M | — |
| Shares issued | $21.5M | $21.0M | $4.8M | $9.3M | $2.0M | $4.4M | $6.2M | $3.1M | $2.2M | $563,000 | $1.5M | $1.1M |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | −$429,000 | −$1,000 | $6.2M | $4.7M | $1.2M | −$2,000 |
| Cash from financing activities | $21.4M | $21.0M | $4.2M | $9.9M | $2.0M | $4.4M | $5.8M | $1.8M | $7.1M | $4.0M | $1.5M | $1.1M |
| Summary | ||||||||||||
| Net change in cash | $8.8M | $10.6M | −$903,000 | $3.7M | −$769,000 | −$997,000 | $2.0M | −$2.1M | $1.3M | $479,000 | −$642,000 | −$1.5M |
| Cash at end of period | $22.4M | $13.7M | $3.1M | $4.0M | $290,000 | $1.1M | $2.1M | $36,000 | $2.1M | $821,000 | $342,000 | $984,000 |
| Free cash flow | −$12.7M | −$10.4M | −$5.0M | −$6.2M | −$2.7M | −$5.4M | −$3.8M | −$3.9M | −$5.2M | −$3.6M | −$2.1M | −$2.6M |
| Free cash flow margin | −457.2% | −164.8% | −61.9% | −132.7% | −401.8% | −5,787.2% | — | −10,627.0% | −23,468.2% | — | — | — |
| Capex / revenue | 59.8% | 63.5% | 25.7% | 0.2% | 9.2% | 1,158.5% | — | 735.1% | 1,977.3% | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
CRKN cash generation
In fiscal 2024 (ended December 31, 2024), Crown ElectroKinetics generated -$18.2 million of cash from operations and spent $6.1 million on capital expenditures, leaving free cash flow of -$24.3 million, −123.5% of revenue. Cash and equivalents rose by $12.6 million over the year.
Related: CRKN income statement, CRKN balance sheet. See the CRKN stock overview for the latest quote and news.
CRKN cash flow FAQ
What is Crown ElectroKinetics's free cash flow?
Crown ElectroKinetics's free cash flow was -$24.3 million in fiscal 2024: -$18.2 million of operating cash flow minus $6.1 million of capital expenditures It was -$18.3 million a year earlier..
How much cash does Crown ElectroKinetics generate from operations?
Crown ElectroKinetics generated -$18.2 million of cash from operating activities in fiscal 2024.
How much does Crown ElectroKinetics spend on capital expenditures?
Crown ElectroKinetics spent $6.1 million on capital expenditures in fiscal 2024, 31.2% of revenue, compared with $2.2 million the year before.