| --- | --- | |----------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (State incorporation | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specifi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - The company raised $7 million in financing and secured a $100 million line of credit, indicating strong financial positioning [6] - An extension was filed for the quarterly report to allow thorough review, with a filing expected before May 22 [6] Business Line Data and Key Metrics Changes - The electro-kinetic business achieved a significant milestone by producing its first prototype measuring seven feet by two feet, paving the way for the first-generation smart window insert [7][8] - The fiber optics division signed its fourth Master Service Agreement (MSA) in the Northwest region, marking the acquisition of a third new customer since the asset purchase agreement in January [13] Market Data and Key Metrics Changes - There is strong demand for fiber optic networks across the country, driven by efforts to deploy fiber optics to homes and businesses, as well as the rollout of 5G signals [17][18] Company Strategy and Development Direction - The primary focus is on creating a smart window insert for US office buildings, with plans to launch the product in the next three to four months [8][9] - The company aims to clean up its balance sheet by repaying and retiring debt, positioning itself for future growth in both the fiber optic and smart window insert markets [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, particularly regarding the fiber optic division and the smart window insert, highlighting significant opportunities for growth [26][39] - The company is working to resolve NASDAQ listing requirements, with an extension granted until August 28 to meet bid price and equity balance guidelines [19][21] Other Important Information - The company is actively engaging with analysts in the telecommunications infrastructure sector to potentially gain coverage in the coming months [22] - A shareholder letter will be issued in the next two to three weeks to provide updated guidance on revenue and EBITDA for 2023 [16] Q&A Session Summary Question: When will the first units be received by customers? - Management confirmed that some technical issues have been resolved, and they are confident in delivering the first product in the next three to four months [31] Question: How will the company scale to handle the volume of opportunities in fiber optics? - The company plans to grow through careful project selection and management, leveraging partnerships with smaller contractors for equipment and field technicians [34] Question: What are the next steps regarding NASDAQ listing? - Management reiterated that they are on track to meet the equity guideline and bid price guideline by the August 28 deadline [35] Question: When might the company achieve cash flow positive status? - Management indicated that updated guidance on revenue and EBITDA will be provided once a purchase order from the fourth contract is secured [36] Question: How has the company evolved in the fiber optic industry? - Management reflected on the significant progress made over the past year, positioning the company for growth and revenue production in a promising industry [37]

Crown ElectroKinetics Corp. (NASDAQ:CRKN) Q4 2022 Earnings Conference Call March 31, 2023 11:00 AM ET Company Participants Jason Assad - Investor Relations Doug Croxall - Chief Executive Officer and Chairman Joel Krutz - Chief Financial Officer Conference Call Participants Operator Good morning, everyone, and welcome to the Crown ElectroKinetics Corporation Earnings Call for the Fourth Quarter and Year End 2022. At this time, participants are in a listen-only mode. A question-and-answer session will follow ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Delaware 47-5423944 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (800) 674-3612 (Registrant's telephone number, including area code) Common Stock ...

Crown ElectroKinetics Corp. (NASDAQ:CRKN) Q3 2022 Earnings Conference Call November 11, 2022 11:00 AM ET Company Participants Jason Assad - IR Doug Croxall - Chairman and CEO Joel Krutz - CFO Conference Call Participants Shawn Severson - Water Tower Research Gerry Sweeney - ROTH Capital Jeffrey Campbell - Alliance Global Operator Good morning, everyone, and welcome to Crown ElectroKinetics Corporation Earnings Call for the Third Quarter 2022. At this time, participants are in a listen-only mode. A question- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) | --- | --- | |------------- ...

Financial Data and Key Metrics Changes - The company's net loss for Q2 2022 was $4.5 million, which is $0.9 million lower than the $5.4 million recorded in Q2 2021 [22] - Total operating expenses for Q2 2022 were $4.5 million, including $1.5 million of non-cash stock-based compensation, $1.8 million for payroll and consulting, $0.5 million for professional fees, and $0.6 million of operating overhead [23] - Cash deployed for operations and investments in Q2 was $2.6 million, which is $1 million lower than the $3.6 million in Q1 2022 [24] Business Line Data and Key Metrics Changes - The company received two purchase orders for its Smart Window Inserts from Hudson Pacific Properties, marking a critical milestone in its evolution [11] - The Smart Window Insert is positioned as the only smart glass retrofit product in the market, aimed at reducing HVAC energy consumption and carbon emissions [10] Market Data and Key Metrics Changes - Legislative initiatives, such as the Inflation Reduction Act and New York City's Local Law 97, are compelling REITs to upgrade their building envelopes, creating a favorable market environment for the company's products [12][13] - The company is assessing new retrofit locations with prospective REIT customers, indicating a growing sales pipeline [13] Company Strategy and Development Direction - The company's mission is to provide an affordable smart glass solution to the commercial real estate market, focusing on energy efficiency and carbon emission reduction [8] - The company is actively working to become a key ESG supplier to U.S.-based office buildings, helping them retrofit legacy infrastructure [11] - Future product development includes a second-generation Smart Window Insert with enhanced features and capabilities [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about closing debt financing soon and starting production of the first generation of Smart Window Inserts [22] - The company is confident in its ability to meet demand and is positioned well in the market due to legislative support and the urgency of REITs to comply with energy regulations [40] Other Important Information - The company successfully closed equity raises totaling $2.1 million, which are necessary for accessing debt financing [14][15] - The independent IP valuation indicated a fair market value of approximately $94 million for the company's combined patents and trade secrets [16] Q&A Session Summary Question: Are there two different lenders for the second term sheet? - Yes, there are two different lenders with competing term sheets [27] Question: What is the status of the due diligence process from the lenders? - The due diligence process includes standard management presentations and discussions with the vendor [30] Question: How long will it take to get funded after the debt is closed? - Funding is expected within thirty days, followed by a design phase and manufacturing process that could take up to a year [31] Question: What is the status of the first generation production line? - There is a delay due to a material component from the UK, expected to take an additional four to eight weeks [33] Question: Are there other purchase orders expected from REITs? - The company is working on securing additional purchase orders and expects to announce new customers soon [35][40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-39924 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) | --- | --- | |------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) | --- | --- | |----------------- ...