📊 CRKN Key Takeaways
Is Crown Electrokinetics Corp. (CRKN) a Good Investment?
Crown Electrokinetics is a pre-revenue/early-stage company with severe cash burn, negative profitability across all metrics, and unsustainable unit economics. While revenue growth appears dramatic (+12,776% YoY), this reflects minimal base revenue ($2.8M) with deteriorating unit margins and accelerating net losses. The company's runway depends entirely on existing cash reserves with no clear path to profitability.
Crown Electrokinetics shows headline revenue growth, but the underlying fundamentals remain very weak: gross profit is negative, operating losses are extreme, and free cash flow is deeply negative. The balance sheet is currently liquid and lightly levered, but absent a rapid improvement in gross margin and cash burn, the growth profile appears low quality and not yet economically sustainable.
Why Buy Crown Electrokinetics Corp. Stock? CRKN Key Strengths
- Strong liquidity position with $22.4M cash and 5.11x current ratio
- Minimal debt burden with 0.02x debt-to-equity ratio
- Triple-digit revenue growth rate demonstrating early commercialization
- Positive stockholders' equity of $35.9M providing solvency buffer
- Strong liquidity with $22.45M of cash and current ratio of 5.11x
- Low balance-sheet leverage with debt/equity of 0.02x and only $870K of long-term debt
- Revenue increased sharply year over year, indicating business activity has ramped up
CRKN Stock Risks: Crown Electrokinetics Corp. Investment Risks
- Severe and widening cash burn ($11.0M operating cash flow negative, -$12.7M free cash flow) with 2-3 year runway at current burn rate
- Deeply negative profitability with -36.7% gross margin indicating fundamental unit economics problems and cost structure misalignment
- Massive operating losses (-$9.9M on $2.8M revenue, -357% margin) suggesting business model is unprofitable at current scale
- Loss acceleration trending negatively with net losses of -$9.7M despite revenue growth, indicating variable costs exceed contribution margin
- Negative gross margin means the company is not currently generating profitable unit economics
- Operating cash flow and free cash flow are heavily negative, pointing to ongoing cash burn
- Net margin of -349.4% and operating margin of -357.1% show the business is far from scale efficiency
Key Metrics to Watch
- Gross margin trend - must achieve positive and >50% margin to indicate viable unit economics
- Monthly cash burn rate and remaining runway - critical for solvency timeline
- Revenue growth quality - assess if revenue is sustainable or driven by one-time contracts
- Path to breakeven - require explicit timeline and plan to reach operating profitability
- Gross margin trend and path to positive gross profit
- Operating cash burn relative to cash balance
Crown Electrokinetics Corp. (CRKN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 5.11x current ratio provides a solid financial cushion.
CRKN Profit Margin, ROE & Profitability Analysis
CRKN vs Technology Sector: How Crown Electrokinetics Corp. Compares
How Crown Electrokinetics Corp. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Crown Electrokinetics Corp. Stock Overvalued? CRKN Valuation Analysis 2026
Based on fundamental analysis, Crown Electrokinetics Corp. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Crown Electrokinetics Corp. Balance Sheet: CRKN Debt, Cash & Liquidity
CRKN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Crown Electrokinetics Corp.'s revenue has grown significantly by 3,803% over the 5-year period, indicating strong business expansion. The most recent EPS of $-109,044.12 indicates the company is currently unprofitable.
CRKN Revenue Growth, EPS Growth & YoY Performance
CRKN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2025 | $682.0K | -$4.6M | $-5.79 |
| Q3 2024 | N/A | -$2.3M | N/A |
| Q2 2024 | $37.0K | -$2.3M | N/A |
| Q1 2024 | $22.0K | -$2.3M | N/A |
| Q3 2023 | $59.0K | -$2.9M | N/A |
| Q2 2023 | $37.0K | -$4.5M | N/A |
| Q1 2023 | $22.0K | -$2.3M | N/A |
| Q3 2021 | $100.0K | -$2.3M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Crown Electrokinetics Corp. Dividends, Buybacks & Capital Allocation
CRKN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Crown Electrokinetics Corp. (CIK: 0001761696)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRKN
What is the AI rating for CRKN?
Crown Electrokinetics Corp. (CRKN) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 92% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRKN's key strengths?
Claude: Strong liquidity position with $22.4M cash and 5.11x current ratio. Minimal debt burden with 0.02x debt-to-equity ratio. ChatGPT: Strong liquidity with $22.45M of cash and current ratio of 5.11x. Low balance-sheet leverage with debt/equity of 0.02x and only $870K of long-term debt.
What are the risks of investing in CRKN?
Claude: Severe and widening cash burn ($11.0M operating cash flow negative, -$12.7M free cash flow) with 2-3 year runway at current burn rate. Deeply negative profitability with -36.7% gross margin indicating fundamental unit economics problems and cost structure misalignment. ChatGPT: Negative gross margin means the company is not currently generating profitable unit economics. Operating cash flow and free cash flow are heavily negative, pointing to ongoing cash burn.
What is CRKN's revenue and growth?
Crown Electrokinetics Corp. reported revenue of $2.8M.
Does CRKN pay dividends?
Crown Electrokinetics Corp. does not currently pay dividends.
Where can I find CRKN SEC filings?
Official SEC filings for Crown Electrokinetics Corp. (CIK: 0001761696) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRKN's EPS?
Crown Electrokinetics Corp. has a diluted EPS of $-5.79.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is CRKN a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Crown Electrokinetics Corp. has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CRKN stock overvalued or undervalued?
Valuation metrics for CRKN: ROE of -27.0% (sector avg: 22%), net margin of -349.4% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy CRKN stock in 2026?
Our dual AI analysis gives Crown Electrokinetics Corp. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CRKN's free cash flow?
Crown Electrokinetics Corp.'s operating cash flow is $-11.0M, with capital expenditures of $1.7M. FCF margin is -457.2%.
How does CRKN compare to other Technology stocks?
Vs Technology sector averages: Net margin -349.4% (avg: 18%), ROE -27.0% (avg: 22%), current ratio 5.11 (avg: 2.5).