Financial Performance & Outlook - Crown's revenue significantly increased from $0.2 million in 2023 to $19.7 million in 2024[75] - The company anticipates achieving cash flow positivity by the end of 2025[76, 79] - As of March 31, 2025, Crown maintains a strong financial position with over $20 million in cash[76] Business Divisions & Opportunities - The Construction Division specializes in fiber optics, water service lines, and water intake solutions[13, 16] - The Smart Windows Division focuses on technology that improves energy efficiency and reduces carbon footprint in buildings[14] - The Fiber Optics business is driven by increasing demand for bandwidth, with U S homes and businesses having 55% direct fiber connection estimated in 2025, up from 39% in 2022[18, 20] - The Water Service Lines business is targeting the replacement of an estimated 9.2 to 12.8 million lead pipes in the U S , supported by government funding[29] - The Water Intake Solutions business completed its first slant wells installation in Cabo San Lucas, Mexico in February 2025[50] Smart Windows Technology - Smart Window Inserts utilize DynamicTint™ technology for energy efficiency and carbon emission reduction in buildings[62, 64] - DynamicTint™ offers a fast tint transition time and is significantly less expensive compared to other tint solutions, with patent protection[69]
Crown Electrokinetics (CRKN) Earnings Call Presentation