Crown Electrokinetics Issues Letter To Shareholders; On June 25, Effected 1:150 Reverse Split For Nasdaq Compliance; Expects Q2 Revenue $3.5M-$4M And Q3 Revenue $7M-$8M
Crown Electrokinetics Issues Letter To Shareholders; On June 25, Effected 1:150 Reverse Split For Nasdaq Compliance; Expects Q2 Revenue $3.5M-$4M And Q3 Revenue $7M-$8M
Dear Fellow Shareholders,
亲爱的股东朋友们：
This letter is an update to investors regarding Crown's Nasdaq listing and operational updates for the Electrokinetic Film and Fiber Construction Divisions.
此信函是关于Crown纳斯达克上市和电动膜与光纤建设部门的运营更新向投资者的更新。
In line with Nasdaq's compliance requirements and timing, Crown effected a 1:150 reverse split yesterday to maintain our listing. While we would have preferred to delay the reverse split and deliver organic price appreciation, we are bound to a strict compliance deadline from Nasdaq. We remain focused on growing the company and building long-term shareholder value through the continued execution of our strategic goals.
根据纳斯达克的合规要求和时间表，Crown昨天进行了1:150的股票拆分以维持我们的上市地位。虽然我们本来希望推迟股票拆分并提高股价，但我们必须遵守纳斯达克的严格合规期限。我们仍然专注于通过继续执行我们的战略目标来增长公司并建立长期股东价值。
Crown's Fiber Optics division's strong growth continues with production in the second quarter delivered in each of our Nevada, Idaho, Oregon, Arizona and Florida markets. We announced in a press release earlier this week that we are expanding our work in Idaho as the prime contractor building our customers fiber network. We have also been awarded additional work and expect the relationship to grow both within and beyond Idaho.
Crown的光纤业务部门在第二季度在我们的内华达、爱达荷、俄勒冈、亚利桑那和佛罗里达市场中均有生产交付，强劲增长延续。本周早些时候我们在新闻公告中宣布，作为总承包商，我们正在扩大我们在爱达荷州客户的光纤网络建设。我们还获得了其他工作，预计关系将在爱达荷州内外继续增长。
In Nevada, we are midway through our long-haul project and believe we will be securing work for this customer in New Mexico and California in the coming months.
在内华达州，我们正处于长线项目的中期，相信我们将在未来几个月内为该客户在新墨西哥州和加利福尼亚州获得业务。
As previously announced this week we are aggressively expanding in Oregon with four new customers and are now in discussions with a new partner to handle work in Portland, Phoenix, Arizona and Las Vegas as a prime vendor for two of the largest cable and telecommunications operators in the country. More details will be available on this project in the coming days.
正如本周早些时候宣布的那样，我们正在俄勒冈州积极扩张，与四个新客户合作，并正在与新合作伙伴进行讨论，以作为两个全国最大的有线电视和电信运营商的主要供应商，处理波特兰、凤凰城、亚利桑那州和拉斯维加斯的业务。有关该项目的更多详细信息将在未来几天内公布。
We now expect our revenue for the second quarter will come in between $3.5 million and $4 million and expect third quarter revenues of between $7 million and $8 million stemming from the current backlog.
我们现在预计第二季度的营业收入将在3,500,000美元到4,000,000美元之间，并预计第三季度的营业收入将在7,000,000美元到8,000,000美元之间，这些收入源于目前的积压订单。
Within the Electrokinetic Film division, we continue to make progress and move towards our Alpha Gen 1 product delivery in the fall of this year. We will have some additional announcements in the coming days discussing additional executive management additions and product development milestones.
在电动膜部门内部，我们继续取得进展，并朝着今年秋季交付我们的Alpha Gen 1产品迈进。我们将在未来几天内发布一些额外的公告，讨论高管团队的补充以及产品开发里程碑。
Sincerely,
此致敬礼，
Doug Croxall
Chairman and CEO
道格·克罗克索尔
董事长兼首席执行官