Crown Electrokinetics Corp.
CRKN Basic Materials Specialty Chemicals
Crown Electrokinetics Corp.’s revenue for fiscal 2024 (year ended December 2024) was $19.7 million, up 12,776.5% from fiscal 2023. In the quarter to March 2025, revenue grew 306.5%, EPS grew 99.8% and free cash flow fell 362.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Crown Electrokinetics Corp. (CRKN) Piotroski F-score
Crown Electrokinetics Corp.'s Piotroski F-score for fiscal 2024 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (145.89%) | — | Fail | 0 |
| Positive operating cash flow | (18.18m) | (16.16m) | Fail | 0 |
| Rising return on assets | (145.89%) | — | n/a | — |
| Cash flow above net income | 14.29m | 13.50m | Pass | 1 |
| Falling long-term leverage | 0.03 | — | n/a | — |
| Rising current ratio | 2.13 | 0.49 | Pass | 1 |
| No new shares issued | 59,220,000 | 272,000 | Fail | 0 |
| Rising gross margin | (3.62%) | (510.46%) | Pass | 1 |
| Rising asset turnover | 0.89 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SNES Senestech, Inc. compare | 5 |
| BGLC BioNexus Gene Lab Corp. compare | 4 |
| CNEY CN Energy Group. Inc. compare | 4 |
| BON Bon Natural Life Limited compare | 3 |
| YMAT J-Star Holding Co., Ltd compare | 2 |
| TSEOQ Trinseo PLC compare | 1 |
| LOOP Loop Industries, Inc. compare | 1 |
| CRKN Crown Electrokinetics Corp. | — |
| HGAS Global Gas Corporation compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover