Complete financial analysis of Akoustis Technologies, Inc. (AKTS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Akoustis Technologies, Inc., a leading company in the Communication Equipment industry within the Technology sector.
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Akoustis Technologies, Inc. (AKTS)
About Akoustis Technologies, Inc.
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, and military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.38M | 27.12M | 15.35M | 6.62M | 1.79M | 1.44M | 1.21M | 16.96K | 254.83K | 0.00 | 0.00 |
| Cost of Revenue | 28.07M | 30.24M | 19.49M | 10.65M | 2.41M | 1.01M | 1.02M | 110.08K | 28.75K | 0.00 | 0.00 |
| Gross Profit | -689.00K | -3.12M | -4.14M | -4.03M | -624.00K | 430.00K | 188.38K | -93.12K | 226.09K | 0.00 | 0.00 |
| Gross Profit Ratio | -2.52% | -11.49% | -26.95% | -60.94% | -34.86% | 29.80% | 15.60% | -548.93% | 88.72% | 0.00% | 0.00% |
| Research & Development | 29.99M | 33.24M | 35.71M | 24.08M | 20.52M | 19.25M | 13.27M | 4.43M | 1.76M | 470.99K | 0.00 |
| General & Administrative | 35.88M | 29.71M | 20.71M | 13.29M | 10.89M | 8.70M | 8.80M | 6.02M | 2.94M | 920.03K | 26.98K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 35.88M | 29.71M | 20.71M | 13.29M | 10.89M | 8.70M | 8.80M | 6.02M | 2.94M | 920.03K | 26.98K |
| Other Expenses | 43.43M | 1.44M | -347.00K | 0.00 | 626.00K | 1.06M | 814.42K | -469.53K | 500.00 | -167.50K | 0.00 |
| Operating Expenses | 109.30M | 62.95M | 56.42M | 37.36M | 31.41M | 27.95M | 22.07M | 9.98M | 4.44M | 1.22M | 26.98K |
| Cost & Expenses | 137.38M | 93.19M | 75.91M | 48.01M | 33.83M | 28.96M | 23.09M | 9.98M | 4.44M | 1.22M | 26.98K |
| Interest Income | 0.00 | 2.32M | 0.00 | 5.13M | 4.57M | 2.89M | 422.00 | 1.94K | 1.34K | 175.00 | 0.00 |
| Interest Expense | 2.66M | 2.32M | 77.00K | 5.13M | 4.57M | 2.89M | 329.42K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 13.21M | 11.65M | 8.12M | 4.88M | 3.19M | 2.50M | 1.26M | 110.08K | 28.75K | 9.64K | 0.00 |
| EBITDA | -152.08M | -52.03M | -52.83M | -34.14M | -28.96M | -25.07M | -20.62M | -10.57M | -3.87M | -629.60K | -26.98K |
| EBITDA Ratio | -555.35% | -238.31% | -394.18% | -587.47% | -1,603.07% | -1,740.82% | -1,678.93% | -63,056.32% | -1,356.87% | 0.00% | 0.00% |
| Operating Income | -109.99M | -66.07M | -60.56M | -41.39M | -32.04M | -27.52M | -22.28M | -9.96M | -4.69M | -1.39M | -26.98K |
| Operating Income Ratio | -401.66% | -243.61% | -394.50% | -625.48% | -1,789.83% | -1,906.93% | -1,844.39% | -58,704.12% | -1,841.98% | 0.00% | 0.00% |
| Total Other Income/Expenses | -57.95M | 64.00K | -472.00K | -2.76M | -4.10M | -1.68M | 539.00K | 850.33K | -1.54M | 169.25K | 0.00 |
| Income Before Tax | -167.94M | -66.01M | -61.03M | -44.16M | -36.14M | -29.25M | -21.74M | -9.11M | -5.41M | -1.22M | -26.98K |
| Income Before Tax Ratio | -613.29% | -243.37% | -397.57% | -667.21% | -2,018.99% | -2,026.89% | -1,799.76% | -53,691.58% | -2,121.45% | 0.00% | 0.00% |
| Income Tax Expense | 6.00K | -2.45M | -1.83M | 2.76M | 4.73M | 1.63M | 196.85K | -1.70M | 1.94M | -3.32K | 0.00 |
| Net Income | -167.95M | -63.56M | -59.19M | -46.92M | -40.87M | -30.88M | -21.74M | -9.11M | -5.41M | -1.22M | -26.98K |
| Net Income Ratio | -613.31% | -234.35% | -385.63% | -708.95% | -2,283.13% | -2,139.92% | -1,799.76% | -53,691.58% | -2,121.45% | 0.00% | 0.00% |
| EPS | -1.89 | -1.00 | -1.10 | -1.08 | -1.21 | -1.12 | -1.04 | -0.54 | -0.40 | -0.10 | 0.00 |
| EPS Diluted | -1.89 | -1.00 | -1.10 | -1.08 | -1.21 | -1.12 | -1.04 | -0.54 | -0.40 | -0.10 | 0.00 |
| Weighted Avg Shares Out | 89.09M | 63.62M | 54.02M | 43.43M | 33.70M | 27.51M | 20.93M | 16.99M | 13.35M | 12.62M | 12.85M |
| Weighted Avg Shares Out (Dil) | 89.09M | 63.62M | 54.02M | 43.43M | 33.70M | 27.51M | 20.93M | 16.99M | 13.35M | 12.62M | 12.85M |
Akoustis Technologies, Inc. (AKTS) Q2 2024 Earnings Call Transcript
Akoustis Technologies, Inc. (AKTS) Q2 2024 Earnings Call Transcript
Akoustis (AKTS) Reports Q2 Loss, Tops Revenue Estimates
Akoustis (AKTS) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.19 per share a year ago.
Akoustis Reports Second Quarter FY24 Results
Q2 Revenue Up 20% Year-Over-Year, In-Line with Prior Guidance Guiding Record Quarterly Revenue for the March Quarter—Up 18 to 25% Sequentially Growth, Cost Savings Initiatives, CHIPS Act ITC Refund Support Operating Cash Flow Breakeven in December Quarter Robust Customer Activity...
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Akoustis Receives Wi-Fi 7 Design Win from Tier-1 US-Based Carrier
Tier-1 Customer to Use Akoustis' Next-Generation 5.5 and 6.5 GHz Wi-Fi 7 XBAW® Filters in 4x4 MIMO Router Platform Secures Wi-Fi 7 Filter Orders to Support Production Ramp in September Quarter of Calendar Year 2024 Charlotte, N.C., Feb. 12, 2024...
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Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi AP Solutions Provider
Tier-1 Customer to Use Multiple Akoustis XBAW® Filters in 4X4 and 2X2 MU-MIMO Enterprise Access Point Platforms Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar Year 2024 Charlotte, N.C., Feb. 08, 2024 (GLOBE NEWSWIRE)...
Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET
Charlotte, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, will webcast its...
Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares
Charlotte, N.C., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today the closing of...
Akoustis Announces Pricing of Public Offering of $10.0 Million of Common Stock
Board Co-Chair, CEO, CPO, and Other Company Management and Employees Investing $1 Million Charlotte, N.C., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band...
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