05:15 PM EST, 12/26/2024 (MT Newswires) -- Crown ElectroKinetics ( CRKN ) said late Thursday it expects full-year 2025 revenue between $30 million and $35 million.

Analyst estimates were not available on FactSet.

The company said that it's on track to deliver $20 million in revenue for 2024 and that it's "well-positioned to achieve profitability" in H1 2025.

Crown also said it's seeking shareholder approval to launch a reverse stock split to keep compliance with Nasdaq bid-price rules.

The company's shares were rising nearly 40% in recent after-hours trading.