Crown ElectroKinetics Corp. (NASDAQ: CRKN) Perhaps approaching a major achievement in his business, so we would like to shed some light on the business. Crown Electrokinetics Corp. focuses on the commercialization of electrokinetic technology for use in the smart glass market. With the latest loss of US $ 41 million and a year-over-year loss of US $ 36 million, the market-cap company of US $ 60 million has mitigated its loss by getting closer to its breakeven target. The most pressing concern for investors is Crown ElectroKinetics’ path to profitability – when will it break even? We’ve put together a brief rundown of industry analysts’ expectations for the company, its breakeven year, and its implied growth rate.
See our latest review for Crown ElectroKinetics
According to some industry analysts covering Crown ElectroKinetics, the breakeven point is near. They expect the company to make a terminal loss in 2022, before making a profit of $ 6.5 million in 2023. So the company is expected to break even in about 2 years. In order to meet this break-even date, we have calculated the rate at which the company must grow from one year to the next. It turns out that an average annual growth rate of 110% is expected, which is rather optimistic! If this rate turns out to be too aggressive, the company could become profitable much later than analysts predict.
Since this is a high-level look, we won’t go into details of Crown ElectroKinetics’ upcoming projects, however, take into account that overall an expected growth rate high is not unusual for a company that is currently going through a period of investment. .
One thing we would like to point out is that the company has managed its capital prudently, with debt accounting for 3.2% of equity. This means that it has primarily funded its operations from equity and its low debt reduces the risk of investing in the loss-making company.
There are key fundamentals of Crown ElectroKinetics that are not covered in this article, but we must again stress that this is just a basic overview. For a more complete overview of Crown ElectroKinetics, check out Crown ElectroKinetics’ company page on Simply Wall St. We’ve also put together a list of key factors you should research further:
- Historical review: How has Crown ElectroKinetics performed in the past? Go deeper into the background analysis and take a look at the free visual representations of our analysis for clarity.
- Management team: An experienced management team at the helm increases our confidence in the company – take a look at the Crown ElectroKinetics board members and CEO background.
- Other high performing stocks: Are there other stocks that offer better prospects with a proven track record? Check out our free list of these great stocks here.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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