Crown(US:CRKN) Newsfilterยท2024-12-26 21:30Core Insights - Crown Electrokinetics Corp. has made significant operational progress in 2024, expanding its presence across eight U.S. states and two countries, and is on track to deliver $20 million in revenue for 2024, primarily generated in the last three quarters [2][4]. Division Highlights - Smart Windows: Achieved a critical manufacturing technology breakthrough, with a product launch expected in 2025. A three-phase product rollout strategy for Smart Window Inserts is set to commence in Q1 2025 [18]. - Fiber Optics: Secured design and construction agreements for fiber optics networks across multiple states, successfully laying over 2 million feet of fiber optics this year [19]. - Water Solutions: Developed the first slant well for economical water intake, secured contracts in Cabo San Lucas, and plans to build a reverse osmosis plant to combat water scarcity [9][10]. Financial Position - The company is well-positioned to achieve profitability in the first half of 2025, closing the year with record cash levels and minimal debt, reflecting a disciplined approach to building a healthy balance sheet [16]. - Full year 2025 revenue guidance is projected between $30 million and $35 million, indicating expected business strength [21]. Shareholder Engagement - The company acknowledges the current market value does not reflect its achievements or future potential, but remains confident that this will correct as it continues to build shareholder value [5][12]. - A Special Meeting of Stockholders is scheduled for January 14, 2025, to discuss a proposed reverse stock split to maintain listing requirements [14][17].