Net Loss for the first quarter of 2024 is anticipated to be between ($3.3) million and ($3.5) million. Doug Croxall, CEO of Crown said, “We are excited to be providing the Company’s first quarterly revenue and earnings guidance today. The new deals we recently announced in Mexico and Florida, along with our Arizona business, mean the Company is projected to deliver what we think will be a transformative second quarter. With our recent personnel additions, we are starting to build the foundation of a company that we believe is stronger than it has ever been before. We expect that the second quarter will represent an inflection point for the Company, both in our film development and pending generation 1 product launch, and specifically with the growing revenue and improving earnings in our Fiber Optics division.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRKN:
- Crown Electrokinetics executes agreement with Twin Dolphin Club
- Crown Electrokinetics says EK film team solved 12-inch mastering challenge
- Crown Electrokinetics commences backbone fiber project in Florida
- Crown Electrokinetics appoints Corey Boaz as president, construction
- Crown Electrokinetics files to sell 200M shares of common stock for holders
