LOS ANGELES - Crown Electrokinetics Corp. (NASDAQ:CRKN), a company specializing in smart glass technology and fiber optic network construction, has announced it will conduct its fourth quarter and year-end 2023 conference call on April 1, 2024. The call, scheduled for 11:00 a.m. Eastern time, will feature remarks from the management team and will be accessible via webcast or phone.
Interested parties can join the conference call by logging on or dialing in a few minutes before the start. Questions for the management team can be sent in advance to the company's email. For immediate telephone access to the event, participants can use the Call me™ link, which will be active 15 minutes before the call.
A replay of the conference call will be available through phone numbers provided, using the access ID 13745352. This will allow stakeholders who cannot attend the live event to listen to the management's discussion at a later time.
Crown Electrokinetics is divided into two main divisions: the Electrokinetics Film division, which focuses on smart glass technology through its patented electrokinetic film, and the Fiber Optics division, which constructs underground fiber optic networks and other utility infrastructure projects.
The company's news release includes forward-looking statements that reflect intentions, beliefs, expectations, and strategies for future activities. However, these statements are not guarantees of future performance and may differ materially from current expectations due to various risks and uncertainties.
The information for the upcoming conference call is based on a press release statement from Crown Electrokinetics. The press release also clarifies that the announcement does not constitute a public offer of any securities for sale and that any securities offered privately will not be registered under the Securities Act, thus not available for sale in the United States without registration or an exemption.
Investors and analysts are encouraged to participate in the conference call to gain insights into Crown Electrokinetics' performance and strategic directions as the company concludes its fiscal year 2023.
InvestingPro Insights
Ahead of Crown Electrokinetics Corp.'s (NASDAQ:CRKN) year-end conference call, a glimpse into the company's financial health through InvestingPro's real-time data and analytics may offer valuable context for investors and analysts.
InvestingPro Data metrics highlight some of the challenges faced by CRKN. With a market capitalization of just 1.85 million USD, the company appears to be quite small in size. The Price / Book ratio as of the last twelve months ending Q3 2023 stands at a low 0.2, which could suggest that the stock is trading below the company's net asset value.
Still, this metric should be considered alongside the company's significant operating loss of -15.39 million USD for the same period, which underscores the financial difficulties CRKN has been facing.
Meanwhile, InvestingPro Tips offer additional insights that could be relevant for stakeholders analyzing the company's potential. CRKN holds more cash than debt, which is a positive sign of liquidity. Yet, the company is also quickly burning through cash, and analysts do not expect profitability within this year. Moreover, the stock is currently in oversold territory according to the Relative Strength Index (RSI), which might interest traders looking for potential rebounds or value plays.
Investors interested in a deeper dive into Crown Electrokinetics' financials and stock performance can explore further tips on InvestingPro's platform. There are 14 additional InvestingPro Tips available for CRKN, providing a comprehensive analysis that could help in making informed decisions. To access these insights, visit https://www.investing.com/pro/CRKN and remember to use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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