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Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today reiterated third quarter guidance and provided an update on progress within the Film Division.
Q3 2024 Guidance
Crown remains on track to deliver third quarter revenues of $8 million, in line with the previously issued guidance. This will represent a sequential increase in revenue of approximately 70% as the Company continues to grow, diversify, and execute against its customer pipeline.
Film Division Progress Update
In the first quarter, the development team overcame a significant hurdle in Crown's mastering technology for the Dynamic Tint™ film. With the improved mastering process, the team has been working diligently to prepare the technology for production. The Company has made progress in testing and improving the insert designs as well as establishing the pilot capability to integrate the film into Crown's Smart Window Inserts.
Posted In: CRKN
