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Crown Electrokinetics reports 2023 revenue $153,000 vs. $0 last year
The Fly

Crown Electrokinetics reports 2023 revenue $153,000 vs. $0 last year

Net loss for the year ended December 31, 2022, was $29.0 million This included $9.7 million of non-cash Other Expense primarily related to the balance sheet restructuring Crown executed in the first half of 2023. Net losses from operations were $19.3 million compared to 2022’s $15.1 million net loss. This loss consisted of $5.8 million related to investment in the new Fiber Optics business and $13.5 million for the Film division, which also includes the corporate cost base.

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