Crown Capital Partners (CRWN) Q1 2025 earnings summary

Executive summary

• Reported net loss of $1.8 million ($0.32 loss per basic share) in Q1 2025, compared to $0.6 million loss ($0.11 per share) in Q1 2024.

• Adjusted EBITDA rose to $1.7 million from $1.3 million year-over-year, driven by improved Distribution and Network Services performance and cost reductions.

Financial highlights

• Total revenue increased to $21.1 million in Q1 2025 from $17.7 million in Q1 2024.

• Total equity at quarter-end was $6.9 million, down from $8.6 million at year-end 2024.

• Adjusted EBITDA per share was $0.30, up from $0.23 year-over-year.

Segment performance

• Distribution Services revenue grew 31.4% to $10.8 million, with net income before taxes of $0.4 million versus a $0.5 million loss last year.

• Network Services revenue rose 29.9% to $8.7 million, with net income before taxes of $0.2 million, up from a $0.03 million loss.

• Real Estate revenue fell 36.3% to $1.0 million, with a net loss before taxes of $0.03 million compared to $0.7 million income last year.

• Distributed Power revenue dropped 68.2% to $0.3 million, with a net loss before taxes of $0.2 million versus a small profit last year.

• Specialty Finance net income before taxes was $0.1 million, down from $1.7 million year-over-year.