Crown ElectroKinetics

CRKN

Chemicals - Specialty · Basic Materials

Price

$0.03

+0.00 (+1.73%)

Market Cap

$45,976

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+6021489.7% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 983.461 (2021) → 59.2M (2024)

Crown ElectroKinetics is a small technology company that makes smart window film. This film can be applied to glass to control how much light passes through, switching from clear to tinted using electricity. The main customers are commercial buildings, offices, and potentially automotive or residential markets looking to reduce energy use and glare.

The company earns revenue by selling its electrokinetic film technology, though it is still in early commercial stages and currently spends far more than it brings in, as shown by its deeply negative margins. Crown ElectroKinetics operates primarily in the United States and has a very small market presence. Its potential edge is its proprietary film technology, which could be cheaper to produce than competing smart glass solutions. The biggest risk is that the company is burning through cash with little revenue to show for it, and it will likely need to raise more money to survive long enough to reach meaningful commercial scale.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+306.5% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+96.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$3M/ year

↑ Rising (+51% vs prior year)

17.1% of revenue

5.7x the sector average (3%)

Investing heavily in future products and technology

Insider Activity

29.7%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~5 months

$22M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

Crown ElectroKinetics is growing revenue at 306% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

-36.7%

Thin — -36.7% gross margin

Operating Margin

-357.1%

Losing money on operations — -357.1%

ROCE

-26.9%

Weak — -26.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+2580.3%

Fast-growing sales (2580.3% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-157.3%

Burning cash (-157.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.02

Conservative — low debt load (0.02)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

0.0x

Attractive valuation — P/E 0.0

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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