Crown ElectroKinetics Corp. (CRKN) Income Statement
CRKN 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsCRKN revenue and net income
Where CRKN's revenue goes
2024Each bar shows an amount and its share of revenue. CRKN kept −131.7% of revenue as net income.
CRKN profit margins
CRKN growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12,776.5% | — | +108.1% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRKN quarterly EPS vs estimates
Crown ElectroKinetics beat the analyst EPS estimate in 1 of the last 4 quarters.
CRKN income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.7M | $153,000 | $59,000 | $0 | $100,000 | $504,788 | $504,788 | $0 | $0 |
| Cost of revenue | $20.4M | $886,000 | $0 | — | $620,000 | $614,000 | $614,000 | — | — |
| Gross profit | −$714,000 | −$733,000 | $0 | — | −$520,000 | −$109,212 | −$109,212 | — | — |
| Research & development | $3.4M | $2.2M | $4.1M | $3.4M | $1.8M | $712,116 | $712,116 | $276,270 | $689,440 |
| Sales, general & admin | $20.0M | $15.0M | $11.0M | — | $5.5M | $1.8M | $1.8M | $912,060 | $545,100 |
| Total operating expenses | $43.8M | $18.6M | $15.1M | $22.1M | $7.3M | $2.5M | $2.5M | $1.2M | $1.2M |
| Operating income | −$24.1M | −$19.3M | −$15.1M | −$22.1M | −$19.4M | −$2.6M | −$2.6M | −$1.2M | −$1.2M |
| Interest expense | $994,000 | $9.4M | $7,000 | $0 | $1.5M | $1.1M | $1.1M | $29,731 | $0 |
| Income before taxes | −$25.9M | −$29.0M | −$14.3M | −$37.2M | −$40.8M | −$4.3M | −$4.3M | −$1.2M | −$1.2M |
| Income taxes | — | — | −$15.11T | — | $1.8M | $1.7M | $1.7M | −$29,730 | — |
| Net income | −$25.9M | −$29.0M | −$14.4M | −$37.2M | −$40.8M | −$4.3M | −$4.3M | −$1.2M | −$1.2M |
| EBITDA | −$23.1M | −$18.3M | −$14.6M | −$21.8M | −$7.8M | −$2.5M | −$2.5M | −$1.1M | −$1.2M |
| EPS (diluted) | −$67.04 | −$168.90 | −$998988.12 | −$3.03 | −$1.18 | −$2.40 | −$1.17 | — | — |
| Gross margin | −3.6% | −479.1% | 0.0% | — | −520.0% | −21.6% | −21.6% | — | — |
| Operating margin | −122.5% | −12,619.6% | −25,606.8% | — | −19,352.2% | −517.5% | −517.5% | — | — |
| Net margin | −131.7% | −18,943.8% | −24,355.9% | — | −40,755.1% | −851.0% | −851.0% | — | — |
| Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M | $6.3M | $8.0M | $4.6M | $682,000 | $94,000 | $0 | $37,000 | $22,000 | $0 | $0 | $0 |
| Cost of revenue | $3.8M | $8.0M | $6.6M | $4.0M | $1.6M | $832,000 | $0 | $23,000 | $31,000 | — | — | — |
| Gross profit | −$1.0M | −$1.6M | $1.4M | $609,000 | −$954,000 | −$738,000 | $0 | $14,000 | −$9,000 | — | — | — |
| Research & development | $1.2M | $1.4M | $720,000 | $1.1M | $756,000 | $708,000 | $492,000 | $490,000 | $541,000 | $584,000 | $955,000 | $1.5M |
| Sales, general & admin | $7.7M | $6.6M | $6.5M | $4.2M | $1.8M | $4.0M | $2.9M | $4.4M | $3.6M | $2.4M | $2.2M | $3.0M |
| Total operating expenses | $12.7M | $16.0M | $7.2M | $5.5M | $2.8M | $6.3M | $3.4M | $4.9M | $4.1M | $3.0M | $3.1M | $4.5M |
| Operating income | −$9.9M | −$9.7M | −$5.8M | −$4.9M | −$3.7M | −$6.2M | −$3.4M | −$4.9M | −$4.1M | −$3.0M | −$3.1M | −$4.5M |
| Interest expense | — | $7,000 | $0 | $145,000 | $860,000 | $2.4M | $2.4M | $2.5M | $2.0M | $1,000 | $1,000 | $2,000 |
| Income before taxes | −$9.7M | −$10.4M | −$5.9M | −$5.0M | −$4.6M | −$9.3M | −$2.9M | −$14.5M | −$2.3M | −$2.2M | −$3.1M | −$4.5M |
| Income taxes | — | — | — | — | — | — | $283,000 | $97,000 | $307,000 | −$15.11B | $1,000 | $2,000 |
| Net income | −$9.7M | −$10.4M | −$5.9M | −$5.0M | −$4.6M | −$9.3M | −$3.1M | −$14.6M | −$2.4M | −$2.2M | −$3.1M | −$4.5M |
| EBITDA | −$9.2M | −$9.8M | −$5.3M | −$4.6M | −$3.4M | — | −$3.3M | −$4.7M | −$3.9M | −$2.8M | −$2.9M | −$4.2M |
| EPS (diluted) | −$14.21 | −$58.41 | −$1.26 | −$5.89 | −$0.13 | — | −$0.94 | −$0.30 | −$0.11 | −$0.11 | −$242997.08 | −$364495.63 |
| Gross margin | −36.7% | −25.9% | 17.6% | 13.1% | −139.9% | −785.1% | — | 37.8% | −40.9% | — | — | — |
| Operating margin | −357.1% | −153.2% | −72.3% | −105.6% | −543.3% | −6,611.7% | — | −13,202.7% | −18,754.5% | — | — | — |
| Net margin | −349.4% | −164.8% | −73.0% | −108.2% | −676.2% | −9,900.0% | — | −39,502.7% | −10,981.8% | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRKN's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRKN financial results
In fiscal year 2024 (ended December 31, 2024), Crown ElectroKinetics reported revenue of $19.7 million, up 12,776.5% from the year before. It had a net loss of $25.9 million, a net profit margin of −131.7%. Diluted earnings per share came to −$67.04. Over five years revenue grew at an average rate of 108.1% a year.
See the CRKN stock overview for the latest quote and news, or the CRKN chart for price history and technical indicators.
CRKN income statement FAQ
What is Crown ElectroKinetics's annual revenue?
Crown ElectroKinetics reported total revenue of $19.7 million for fiscal year 2024, which ended on December 31, 2024. That was up 12,776.5% from $0.2 million the previous year.
Is Crown ElectroKinetics profitable?
No. Crown ElectroKinetics reported a net loss of $25.9 million in fiscal 2024, a net profit margin of −131.7%; its operating margin was −122.5%.
What is Crown ElectroKinetics's gross margin?
Crown ElectroKinetics's gross margin was −3.6% in fiscal 2024: for every $100 of revenue, Crown ElectroKinetics kept $-4 after the direct cost of its products and services.
How much does Crown ElectroKinetics spend on research and development?
Crown ElectroKinetics spent $3.4 million on research and development in fiscal 2024, 17.1% of revenue.
How fast is Crown ElectroKinetics growing?
Revenue grew 108.1% a year on average over the last five fiscal years, from $0.5 million to $19.7 million.
What are Crown ElectroKinetics's earnings per share?
Crown ElectroKinetics earned $-67.04 per diluted share in fiscal 2024, compared with $-168.90 a year earlier.
When does Crown ElectroKinetics's fiscal year end?
Crown ElectroKinetics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024.