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Crown Electrokinetics Cash Exceeds $25M; Sees 2025 Revenue Guidance Of $30M-$35M, On Track For H1 2025 Profitability

Benzinga·01/15/2025 14:12:01
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Current Cash Position Exceeding $25 Million or Approximately $0.11 Per Share

2025 Revenue Guidance of $30 Million to $35 Million

On Track to Achieve Profitability in First Half of 2025

LOS ANGELES, Jan. 15, 2025 (GLOBE NEWSWIRE) --  – Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced it has significantly strengthened its financial foundation, ensuring continued growth and expected profitability in 2025. With no debt and a cash balance exceeding $25 million, or approximately $0.11 per share, Crown is positioned for success in the year ahead, as reflected in its 2025 revenue guidance of $30 to $35 million.