Crona Corp. SEC 10-Q Report

Crona Corp., a company that has recently transitioned from antimicrobial surface protection services to the memorialization industry, has released its Form 10-Q report for the second quarter of 2025. The report provides insights into the company's financial performance and strategic business shifts, reflecting its new focus on funeral and memorial services.

Financial Highlights

Total Revenue: $0 million. The company did not generate any revenue for the three and six months ended June 30, 2025, and 2024.

Net Income: $(73,226) for the three months ended June 30, 2025, and $(27,107) for the three months ended June 30, 2024, indicating an increased net loss due to higher professional fees.

Net Income: $(72,706) for the six months ended June 30, 2025, and $(44,945) for the six months ended June 30, 2024, reflecting increased losses primarily due to increased professional fees.

Net Income Per Share: Not explicitly stated, but the weighted average number of shares outstanding was 6,587,500 for the six months ended June 30, 2025.

Business Highlights

Business Transition: Crona Corp. has shifted its focus from antimicrobial surface protection services to the memorialization industry, providing funeral and memorial services, including cremation, burial arrangements, and the sale of related memorial products such as caskets and urns.

Product Offerings: The company offers a variety of funeral products, including metal and wooden caskets with different materials and finishes. These products are targeted at funeral homes, suppliers, and distributors in the US market.

Supply Chain Strategy: Crona Corp. imports caskets from China, leveraging relationships with factories for priority manufacturing and with shippers for competitive shipping rates. This strategy allows the company to offer products at a fraction of the price compared to domestic manufacturers.

Market Engagement: The company plans to increase its market presence by attending industry trade shows at both national and state levels and through advertising in funeral industry magazines and journals.

Future Outlook: Management anticipates the need for additional investment capital to fund operations and aims to position the company to raise funds through capital markets. The company is focused on establishing a stable revenue source to cover operating costs.

SEC Filing: Crona Corp. [ CCCP ] - 10-Q - Aug. 22, 2025