See more : Trakm8 Holdings PLC (TRAK.L) Income Statement Analysis – Financial Results
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: Gains Rapid Traction
The company has a large and growing TAM and its patented XBAW technology is enjoying increasing market acceptance, witnessing multiple design wins. Production is ramping fast and costs have come down, operational cash flow will keep decreasing and could reach...
Akoustis (AKTS) Reports Q3 Loss, Lags Revenue Estimates
Akoustis (AKTS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.22 per share a year ago.
Akoustis to Webcast Q3FY23 Results on May 8 at 8:00 am ET
Charlotte, N.C., May 01, 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, will webcast its...
Akoustis: I Hear Rapidly Growing Revenue From RF Disruption
Akoustis' proprietary XBAW RF Filter Technology is disrupting RF front-end designs from smartphones to PCs to home networking. As a result, Q2 FY2023 revenue was +59% yoy. That followed Q1 FY23 sales that grew 195% yoy.
Is Akoustis Technologies (AKTS) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Akoustis (AKTS) and Okta (OKTA) have performed compared to their sector so far this year.
2 Radio Frequency Stocks to Watch in a Challenging Industry
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Akoustis Technologies, Inc. (AKTS) Q2 2023 Earnings Call Transcript
Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q2 2023 Earnings Conference Call February 7, 2023 8:00 AM ET Company Participants Tom Sepenzis - VP of Corporate Development & IR Jeff Shealy - Founder & CEO Ken Boller - CFO David Aichele -...
Akoustis (AKTS) Reports Q2 Loss, Misses Revenue Estimates
Akoustis (AKTS) delivered earnings and revenue surprises of 24% and 0.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Akoustis Is Entering The Big League
Akoustis' production is ramping up fast but from a small base and is hampered by parts shortage in their main segment, which is slowly easing. The production ramp is set to continue, lowering the cash bleed, but the company is...
2 Radio Frequency Stocks to Watch in a Challenging Industry
The accelerated deployment of 5G enhances the prospects of the Zacks Semiconductors - Radio Frequency industry players like Akoustis (AKTS) and RF Industries (RFIL) despite challenging industry conditions.
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