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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 |
Why Is Akoustis Technologies (AKTS) Stock Down 33% Today?
Akoustis Technologies (NASDAQ: AKTS ) stock is falling on Thursday after the radio frequency and wireless devices company announced a proposed public share offering. According to a press release from Akoustis Technologies, the company intends to sell shares of AKTS stock through...
Akoustis Announces Proposed Public Offering of Common Stock
Charlotte, N.C., Jan. 24, 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 that it intends...
Akoustis Receives Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider
Second Tier-1 Customer to Use Multiple Akoustis 5 GHz and 6 GHz Wi-Fi 7 Filters for a 4X4 MU-MIMO AP Platform Has Received Prototype Orders to Enable Production Ramp in the Second Half Calendar Year 2024 Charlotte, N.C., Jan. 10,...
Wi-Fi NOW Awards Akoustis and HPE Aruba Networking for Best Enterprise Wi-Fi Solution
Charlotte, N.C., Dec. 20, 2023 (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 that...
Akoustis Receives First Development Order from Leading Commercial Satellite Communications Company for Use of XBAW® Foundry Services
Number of Companies Utilizing XBAW® Foundry Services Increases to Four Launch of Akoustis' XBAW® Synthesizer Software as part of Foundry Services Foundry Focused on 2 to 20 GHz in Commercial and Defense Applications Charlotte, N.C., Dec. 06, 2023 (GLOBE NEWSWIRE)...
Akoustis Awarded Phase 2 For DARPA COFFEE Program
Multi-Year, Multi-Million Dollar Phase 2 Award for Development of High Frequency 2-18 GHz XBAW® Filter Technology Award Invests in Development of Akoustis' Single-Crystal and XP3F Filter Technologies New Materials and Device Manufacturing to Target Commercial and Defense Markets Charlotte, N.C., Nov....
Akoustis to Attend the 14th Annual Craig-Hallum Alpha Select Conference on November 16, 2023
Charlotte, N.C., Nov. 14, 2023 (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 that...
Akoustis Technologies, Inc. (AKTS) Q1 2024 Earnings Call Transcript
Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q1 2024 Earnings Conference Call November 13, 2023 8:00 AM ET Company Participants Tom Sepenzis - IR Jeff Shealy - Founder & CEO Ken Boller - CFO Dave Aichele - EVP of Business Development Conference...
Akoustis (AKTS) Reports Q1 Loss, Misses Revenue Estimates
Akoustis (AKTS) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.28 per share a year ago.
Akoustis Reports First Quarter FY24 Results
Q1 Revenue Up 26% Year-Over-Year, In-Line with Prior Guidance Guiding Revenue Flat in December Quarter, then 18 to 25% Growth with Record Revenue Projected in March Quarter Growth, Cost Savings Initiatives, Chips ITC Refund Support Operating Cash Flow Breakeven
Source: https://incomestatements.info
Category: Stock Reports