Crown ElectroKinetics Q2 GAAP EPS $(5.89) Up From $(2.72 thousand) YoY, Sales $4.65M Up From $37.00K YoY
Portfolio Pulse from Benzinga Newsdesk
Crown ElectroKinetics (NASDAQ:CRKN) reported a Q2 GAAP EPS loss of $(5.89) per share, a significant increase from the $(2.72 thousand) per share loss YoY. Sales rose to $4.65 million, a 12.46K percent increase from $37.00 thousand YoY.
August 14, 2024 | 1:11 pm
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NEUTRAL IMPACT
Crown ElectroKinetics reported a significant increase in quarterly losses to $(5.89) per share from $(2.72 thousand) per share YoY. However, sales surged to $4.65 million from $37.00 thousand YoY.
While the company reported a significant increase in losses, the massive surge in sales could be seen as a positive sign of growth. Investors may have mixed reactions, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100