Crown Electrokinetics Reports Record Quarterly Revenue of $8.0 Million and Reiterates 2024 Financial Guidance
Crown Electrokinetics Reports Record Quarterly Revenue of $8.0 Million and Reiterates 2024 Financial Guidance
The revenue guidance for Crown in the fourth quarter of 2024 is $9 million.Crown Electrokinetics reported record revenues of $8.0 million for Q3 2024, maintaining guidance for future earnings.
Crown Electrokinetics报告Q3 2024的营业收入创纪录，达到800万美元，并保持未来收益的指导。
Quiver AI Summary
Quiver AI 概要
Crown Electrokinetics Corp. announced a record quarterly revenue of $8.0 million for the third quarter of 2024, marking a significant increase from zero revenue in the same period last year. CEO Doug Croxall highlighted the company's strong operational momentum across its diverse business divisions, which include Smart Windows, Fiber Optics, and Water Solutions. The company expects continued demand for its services, particularly in lead pipe identification, remediation, and fiber optic network installation. Crown reaffirms its revenue guidance of $9 million for the fourth quarter and $22 million for the full year 2024, with a target to achieve profitability by 2025. The company will host a conference call later today to discuss these results in further detail.
Crown Electrokinetics 公司宣布2024年第三季度创纪录的季度营收达到800万美元，较去年同期零营收显著增长。首席执行官道格·克罗克索尔强调了公司在各业务部门（包括智能窗户、光纤和水处理解决方案）中强劲的运营势头。公司预计其服务的需求将持续增长，特别是在铅管识别、整治和光纤网络安装方面。Crown 重申其2024年第四季度和全年的营收指导分别为900万美元和2200万美元，目标是在2025年实现盈利。公司将于今天晚些时候举行会议，进一步讨论这些结果。
Potential Positives
潜在的积极因素
- Achieved record quarterly revenue of $8.0 million, a significant increase from zero in the same period of 2023, indicating strong growth.
- Reiterated fourth quarter and full year 2024 revenue guidance of $9 million and $22 million, respectively, demonstrating confidence in continued growth.
- Secured numerous major contracts in fiber optics and water solutions, positioning the company for future revenue increases.
- Introduced a full year 2025 revenue outlook anticipating between $30 million and $35 million, while remaining on track to achieve profitability in 2025.
- 创纪录的季度营收达到800万美元，较2023年同期的零营收显著增长，表明增长势头强劲。
- 重申2024年第四季度和全年的营收指导分别为900万美元和2200万美元，展示对持续增长的信心。
- 获得了光纤和水处理领域的众多重要合同，为公司未来营收增长奠定基础。
- 提出了2025年度营收展望，预计在3000万美元至3500万美元之间，同时继续朝着2025年实现盈利的目标稳步前进。
Potential Negatives
潜在负面影响
- Despite achieving record quarterly revenue of $8.0 million, the company reported a significant net loss of $5.9 million for the third quarter 2024, an increase from a net loss of $2.9 million in the same period of 2023, suggesting ongoing financial struggles.
- Operating expenses increased sharply to approximately $7.2 million for the third quarter 2024, nearly double the $3.4 million reported in the same period of 2023, which raises concerns about cost management and operational efficiency.
- The company has yet to achieve profitability and projects it will not occur until full year 2025, indicating a prolonged period of financial instability and reliance on future performance to realize positive outcomes.
- 尽管取得了800万美元的季度营收纪录，但公司报告称2024年第三季度亏损了590万美元，较2023年同期290万美元的亏损有显著增加，表明持续面临财务困境。
- 营业费用急剧增加，达到了约720万美元，几乎是2023年同期报告的340万美元的两倍，引发了关于成本管理和运营效率的担忧。
- 公司尚未实现盈利，并预计要到2025年全年才有望实现利润，表明持续的财务不稳定和依赖未来绩效才能实现积极的结果。
FAQ
FAQ
What is Crown Electrokinetics' record quarterly revenue for Q3 2024?
Crown Electrokinetics在2024年第三季度的营收纪录是多少？
Crown Electrokinetics achieved record revenue of $8.0 million for the third quarter of 2024.
Crown Electrokinetics在2024年第三季度取得了800万美元的营收纪录。
What is the revenue guidance for Crown in Q4 2024?
Crown在2024年第四季度的营收预测是多少？
The revenue guidance for Crown in the fourth quarter of 2024 is $9 million.
2024年第四季度皇冠的营业收入预测为900万美元。
What are Crown's financial results for the first nine months of 2024?
2024年前九个月皇冠的财务业绩如何？
Crown reported revenue of $13.4 million for the nine months ended September 30, 2024, up from $0.1 million in 2023.
皇冠报告，截至2024年9月30日的前九个月营业收入为1340万美元，较2023年的10万美元增长。
When is the conference call to discuss Crown's financial results?
讨论皇冠财务业绩的电话会议是什么时候？
The conference call is scheduled for today, November 14, 2024, at 11:00 a.m. ET.
电话会议定于2024年11月14日上午11:00美东时间举行。
What sectors does Crown Electrokinetics focus on?
Crown Electrokinetics专注于哪些领域？
Crown Electrokinetics focuses on Smart Windows, Fiber Optics, and Water Solutions to provide innovative technology infrastructure solutions.
Crown Electrokinetics专注于智能窗户、光纤和水解决方案，提供创新的科技基础设施解决方案。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$CRKN Hedge Fund Activity
CRKN对冲基金活动
We have seen 0 institutional investors add shares of $CRKN stock to their portfolio, and 16 decrease their positions in their most recent quarter.
我们注意到有0家机构投资者在他们最近的季度将CRKN股票加入他们的投资组合，而有16家减少了他们的持股。
Here are some of the largest recent moves:
以下是一些最近最大的交易动态：
- HRT FINANCIAL LP removed 50,849 shares (-100.0%) from their portfolio in Q2 2024
- UBS GROUP AG removed 45,072 shares (-100.0%) from their portfolio in Q2 2024
- VIRTU FINANCIAL LLC removed 42,522 shares (-100.0%) from their portfolio in Q2 2024
- GOLDMAN SACHS GROUP INC removed 40,408 shares (-100.0%) from their portfolio in Q2 2024
- CUBIST SYSTEMATIC STRATEGIES, LLC removed 20,921 shares (-100.0%) from their portfolio in Q2 2024
- JANE STREET GROUP, LLC removed 19,069 shares (-100.0%) from their portfolio in Q2 2024
- TWO SIGMA ADVISERS, LP removed 13,600 shares (-100.0%) from their portfolio in Q2 2024
- HRt金融LP在2024年第二季度将50849股（-100.0%）从他们的投资组合中剔除。
- 瑞银AG在2024年第二季度将45072股（-100.0%）从他们的投资组合中剔除。
- virtu金融有限责任公司在2024年第二季度将42522股（-100.0%）从他们的投资组合中剔除。
- 高盛集团股份有限公司在2024年第二季度将40408股（-100.0%）从他们的投资组合中剔除。
- CUBISt SYSTEMATIC STRATEGIES有限责任公司在2024年第二季度将20921股（-100.0%）从他们的投资组合中剔除。
- JANE STREEt GROUP，LLC在2024年第2季度从其投资组合中删除了19,069股（-100.0%）
- TWO SIGMA ADVISERS，LP在2024年第2季度从其投资组合中删除了13,600股（-100.0%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追踪对冲基金的股票组合，请查看Quiver Quantitative的机构持股仪表板。
