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報告稱，2024年第三季度收入達到創紀錄的800萬美元，維持了對未來收益的預期。
Quiver AI Summary
Quiver AI 摘要
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 Corp. 宣佈2024年第三季度的季度收入達到創紀錄的800萬美元，與去年同期的零收入相比大幅增長。首席執行官道格·克羅克索爾強調了該公司在包括智能窗戶、光纖和水務解決方案在內的各個業務部門的強勁運營勢頭。該公司預計，對其服務的需求將持續增長，特別是在鉛管識別、修復和光纖網絡安裝方面。嘉柏重申了其第四季度900萬美元和2024年全年2200萬美元的收入預期，目標是到2025年實現盈利。該公司將在今天晚些時候舉行電話會議，進一步詳細討論這些結果。
Potential Positives
潛在的積極因素
- 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.
- 實現創紀錄的800萬美元季度收入，較2023年同期的零收入大幅增長，表明強勁增長。
- 重申了第四季度和2024年全年分別爲900萬美元和2200萬美元的收入指導，這表明了對持續增長的信心。
- 獲得了許多光纖和水解決方案方面的重大合同，爲公司未來的收入增長做好了準備。
- 發佈了2025年全年收入展望，預計在3000萬至3500萬美元之間，同時仍有望在2025年實現盈利。
Potential Negatives
潛在的負面因素
- 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.
- 儘管實現了創紀錄的800萬澳元季度收入，但該公司報告稱，2024年第三季度淨虧損爲590萬美元，較2023年同期的290萬美元淨虧損有所增加，這表明財務困境仍在繼續。
- 2024年第三季度的運營支出急劇增加至約720萬美元，幾乎是2023年同期公佈的340萬美元的兩倍，這引起了人們對成本管理和運營效率的擔憂。
- 該公司尚未實現盈利，預計要到2025年全年才能實現盈利，這表明長期的財務不穩定以及對未來業績的依賴來實現積極成果。
FAQ
常見問題
What is Crown Electrokinetics' record quarterly revenue for Q3 2024?
Crown Electrokinetics 2024 年第三季度創紀錄的季度收入是多少？
Crown Electrokinetics achieved record revenue of $8.0 million for the third quarter of 2024.
Crown Electrokinetics在2024年第三季度實現了創紀錄的800萬美元收入。
What is the revenue guidance for Crown in Q4 2024?
嘉柏在2024年第四季度的收入指引是什麼？
The revenue guidance for Crown in the fourth quarter of 2024 is $9 million.
嘉柏在2024年第四季度的收入預期爲900萬美元。
What are Crown's financial results for the first nine months of 2024?
嘉柏2024年前九個月的財務業績如何？
Crown reported revenue of $13.4 million for the nine months ended September 30, 2024, up from $0.1 million in 2023.
Crown報告稱，截至2024年9月30日的九個月中，收入爲1,340萬美元，高於2023年的10萬美元。
When is the conference call to discuss Crown's financial results?
討論Crown財務業績的電話會議是什麼時候？
The conference call is scheduled for today, November 14, 2024, at 11:00 a.m. ET.
電話會議定於今天，即2024年11月14日美國東部時間上午11點舉行。
What sectors does Crown Electrokinetics focus on?
Crown Electrokinetics 專注於哪些領域？
Crown Electrokinetics focuses on Smart Windows, Fiber Optics, and Water Solutions to provide innovative technology infrastructure solutions.
Crown Electrokinetics 專注於智能窗戶、光纖和水務解決方案，提供創新的技術基礎設施解決方案。
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.
免責聲明：這是由人工智能生成的 GlobeNewswire 發佈的新聞稿摘要。用於總結此版本的模型可能會出錯。在此處查看完整版本。
$CRKN Hedge Fund Activity
$CRKN 對沖基金活動
We have seen 0 institutional investors add shares of $CRKN stock to their portfolio, and 16 decrease their positions in their most recent quarter.
我們已經看到0家機構投資者在其投資組合中增加了$CRKN股票的股票，16家機構投資者在最近一個季度減少了頭寸。
Here are some of the largest recent moves:
以下是近期一些最大的走勢：
- 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 FINANCIAL LP 在 2024 年第二季度從其投資組合中刪除了 50,849 股股票（-100.0%）
- 瑞銀集團股份公司在2024年第二季度從其投資組合中刪除了45,072股股票（-100.0％）
- VIRTU FINANCIAL LLC在2024年第二季度從其投資組合中刪除了42,522股股票（-100.0％）
- 高盛集團公司在2024年第二季度從其投資組合中刪除了40,408股股票（-100.0％）
- Cubist Systemic STRATEGIES, LLC在2024年第二季度從其投資組合中刪除了20,921股股票（-100.0％）
- JANE Street GROUP, LLC 在 2024 年第二季度從其投資組合中刪除了 19,069 股股票（-100.0%）
- 兩位 SIGMA ADVISERS, LP 在 2024 年第二季度從其投資組合中刪除了 13,600 股 (-100.0%)
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追蹤對沖基金的股票投資組合，請查看Quiver Quantization的機構持股儀表板。
