Crown Electrokinetics Issues Letter To Shareholders; On June 25, Effected 1:150 Reverse Split For Nasdaq Compliance; Expects Q2 Revenue $3.5M-$4M And Q3 Revenue $7M-$8M
Crown Electrokinetics Issues Letter To Shareholders; On June 25, Effected 1:150 Reverse Split For Nasdaq Compliance; Expects Q2 Revenue $3.5M-$4M And Q3 Revenue $7M-$8M
Dear Fellow Shareholders,
親愛的股東朋友們：
This letter is an update to investors regarding Crown's Nasdaq listing and operational updates for the Electrokinetic Film and Fiber Construction Divisions.
此信函是關於Crown納斯達克上市和電動膜與光纖建設部門的運營更新向投資者的更新。
In line with Nasdaq's compliance requirements and timing, Crown effected a 1:150 reverse split yesterday to maintain our listing. While we would have preferred to delay the reverse split and deliver organic price appreciation, we are bound to a strict compliance deadline from Nasdaq. We remain focused on growing the company and building long-term shareholder value through the continued execution of our strategic goals.
根據納斯達克的合規要求和時間表，Crown昨天進行了1:150的股票拆分以維持我們的上市地位。雖然我們本來希望推遲股票拆分並提高股價，但我們必須遵守納斯達克的嚴格合規期限。我們仍然專注於通過繼續執行我們的戰略目標來增長公司並建立長期股東價值。
Crown's Fiber Optics division's strong growth continues with production in the second quarter delivered in each of our Nevada, Idaho, Oregon, Arizona and Florida markets. We announced in a press release earlier this week that we are expanding our work in Idaho as the prime contractor building our customers fiber network. We have also been awarded additional work and expect the relationship to grow both within and beyond Idaho.
Crown的光纖業務部門在第二季度在我們的內華達、愛達荷、俄勒岡、亞利桑那和佛羅里達市場中均有生產交付，強勁增長延續。本週早些時候我們在新聞公告中宣佈，作爲總承包商，我們正在擴大我們在愛達荷州客戶的光纖網絡建設。我們還獲得了其他工作，預計關係將在愛達荷州內外繼續增長。
In Nevada, we are midway through our long-haul project and believe we will be securing work for this customer in New Mexico and California in the coming months.
在內華達州，我們正處於長線項目的中期，相信我們將在未來幾個月內爲該客戶在新墨西哥州和加利福尼亞州獲得業務。
As previously announced this week we are aggressively expanding in Oregon with four new customers and are now in discussions with a new partner to handle work in Portland, Phoenix, Arizona and Las Vegas as a prime vendor for two of the largest cable and telecommunications operators in the country. More details will be available on this project in the coming days.
正如本週早些時候宣佈的那樣，我們正在俄勒岡州積極擴張，與四個新客戶合作，並正在與新合作伙伴進行討論，以作爲兩個全國最大的有線電視和電信運營商的主要供應商，處理波特蘭、鳳凰城、亞利桑那州和拉斯維加斯的業務。有關該項目的更多詳細信息將在未來幾天內公佈。
We now expect our revenue for the second quarter will come in between $3.5 million and $4 million and expect third quarter revenues of between $7 million and $8 million stemming from the current backlog.
我們現在預計第二季度的營業收入將在3,500,000美元到4,000,000美元之間，並預計第三季度的營業收入將在7,000,000美元到8,000,000美元之間，這些收入源於目前的積壓訂單。
Within the Electrokinetic Film division, we continue to make progress and move towards our Alpha Gen 1 product delivery in the fall of this year. We will have some additional announcements in the coming days discussing additional executive management additions and product development milestones.
在電動膜部門內部，我們繼續取得進展，並朝着今年秋季交付我們的Alpha Gen 1產品邁進。我們將在未來幾天內發佈一些額外的公告，討論高管團隊的補充以及產品開發里程碑。
Sincerely,
此致敬禮，
Doug Croxall
Chairman and CEO
道格·克羅克索爾
董事長兼首席執行官
譯文內容由第三人軟體翻譯。