Crown Electrokinetics Corp (CRKN)
Sector • Technology Industry • Electronic Instruments & Controls |
Industry • Electronic Instruments & Controls |
Sector • Technology |
Crown Electrokinetics Corp Reports Revenue of $0.022 Million for the Quarter Ending March 2023
CRKN recorded first quarter of 2023 operating deficit of $-4.126 million
Published May 23 2023 / Modified May 23 2023
CSIMarket Team / CSIMarket.com
Crown Electrokinetics Corp, a Professional Services company, has had a rough 12 months, with a cumulative net loss of $-12 million.
This has resulted in a negative return on equity (ROE) of -353.07%. Unfortunately, the company's ranking has deteriorated compared to the fourth quarter of 2022 from 0 to 4288, with 158 other companies in the industry having a higher ROE.
Another concerning fact is that the company's Revenue for the financial interval closing March 31, 2023, was only $0.022 million.
This is a worrying sign for investors, as it indicates that the company may be struggling to generate significant income.
However, there are some positive signs in Crown Electrokinetics Corp's financial results.
In the financial interval closing March 31, 2023, they reported a net deficit of $-2.412 million, compared to a deficit of $-4.570 million in the corresponding quarter a year ago.
This shows that the company has managed to reduce its losses significantly over the past year, which is a positive sign.
Looking forward, it's hard to predict how these financial results will impact the company.
However, investors should pay close attention to how Crown Electrokinetics Corp performs in the next financial interval, which is expected to be reported on August 14, 2023.
Based on the company's past performance, it's essential that Crown Electrokinetics Corp takes measures to improve its ROE and generate more revenue to become profitable.
Investors will likely keep a close eye on these developments going forward.
This has resulted in a negative return on equity (ROE) of -353.07%. Unfortunately, the company's ranking has deteriorated compared to the fourth quarter of 2022 from 0 to 4288, with 158 other companies in the industry having a higher ROE.
Another concerning fact is that the company's Revenue for the financial interval closing March 31, 2023, was only $0.022 million.
This is a worrying sign for investors, as it indicates that the company may be struggling to generate significant income.
However, there are some positive signs in Crown Electrokinetics Corp's financial results.
In the financial interval closing March 31, 2023, they reported a net deficit of $-2.412 million, compared to a deficit of $-4.570 million in the corresponding quarter a year ago.
This shows that the company has managed to reduce its losses significantly over the past year, which is a positive sign.
Looking forward, it's hard to predict how these financial results will impact the company.
However, investors should pay close attention to how Crown Electrokinetics Corp performs in the next financial interval, which is expected to be reported on August 14, 2023.
Based on the company's past performance, it's essential that Crown Electrokinetics Corp takes measures to improve its ROE and generate more revenue to become profitable.
Investors will likely keep a close eye on these developments going forward.