Akoustis Technologies, Inc. financial data

Symbol
AKTS on Nasdaq
Industry
Telephone & Telegraph Apparatus
Location
9805 Northcross Center Court, Suite A, Huntersville, NC
State of incorporation
DE
Fiscal year end
June 30
Former names
DANLAX, CORP. (to 3/2/2015)
Latest financial report
10-Q - Q1 2024 - May 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 232 % -63.7%
Quick Ratio 36.9 % -23.1%
Debt-to-equity 96.5 % +57.7%
Return On Equity -72.1 % -39.9%
Return On Assets -62.7 % -50.6%
Operating Margin -259 % +5.73%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 98.7M shares +37.7%
Common Stock, Shares, Outstanding 98.7M shares +37.7%
Entity Public Float 148M USD -55.2%
Common Stock, Value, Issued 99K USD +37.5%
Weighted Average Number of Shares Outstanding, Basic 91.3M shares +33.9%
Weighted Average Number of Shares Outstanding, Diluted 91.3M shares +33.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 29.9M USD +24.5%
Cost of Revenue 31.6M USD +17.7%
Research and Development Expense 30.9M USD -12.6%
General and Administrative Expense 36.5M USD +32.3%
Costs and Expenses 8.94M USD -12.8%
Operating Income (Loss) -77.2M USD -17.4%
Nonoperating Income (Expense) 279K USD -11.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -76.9M USD -30.1%
Income Tax Expense (Benefit) -23K USD
Net Income (Loss) Attributable to Parent -76.9M USD -24%
Earnings Per Share, Basic -1 USD/shares +2.91%
Earnings Per Share, Diluted -1 USD/shares +2.91%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 15.2M USD -71.2%
Accounts Receivable, after Allowance for Credit Loss, Current 4.45M USD +4.73%
Inventory, Net 5.1M USD -32.5%
Other Assets, Current 3.81M USD +3.98%
Assets, Current 28.6M USD -58.1%
Property, Plant and Equipment, Net 53.2M USD -7.18%
Operating Lease, Right-of-Use Asset 1.04M USD -29.9%
Intangible Assets, Net (Excluding Goodwill) 13.2M USD -16.8%
Goodwill 6.51M USD -55.2%
Other Assets, Noncurrent 71K USD 0%
Assets 103M USD -34.9%
Accounts Payable, Current 4.8M USD +53.5%
Accrued Liabilities, Current 1.16M USD
Contract with Customer, Liability, Current 70K USD
Liabilities, Current 18.2M USD +54.4%
Deferred Income Tax Liabilities, Net 43.3M USD -0.88%
Operating Lease, Liability, Noncurrent 596K USD -45.5%
Other Liabilities, Noncurrent 117K USD
Liabilities 60.7M USD +6.4%
Retained Earnings (Accumulated Deficit) -330M USD -30.5%
Stockholders' Equity Attributable to Parent 41.9M USD -58.3%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 86.2M USD -16.6%
Liabilities and Equity 103M USD -34.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -13.1M USD +12.5%
Net Cash Provided by (Used in) Investing Activities -4.21M USD +12.9%
Common Stock, Shares Authorized 175M shares +40%
Common Stock, Shares, Issued 98.7M shares +37.7%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 15.2M USD -71.2%
Deferred Tax Assets, Valuation Allowance 58.1M USD +27.8%
Operating Lease, Liability 1.31M USD +79.5%
Depreciation 2.6M USD +8.33%
Payments to Acquire Property, Plant, and Equipment 4.21M USD -12.9%
Lessee, Operating Lease, Liability, to be Paid 1.57M USD
Property, Plant and Equipment, Gross 87.2M USD +7.18%
Operating Lease, Liability, Current 498K USD +20%
Lessee, Operating Lease, Liability, to be Paid, Year Two 374K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 606K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 257K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 66K USD
Deferred Tax Assets, Operating Loss Carryforwards 53.8M USD +14.3%
Current Income Tax Expense (Benefit) -2.4M USD -1775%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 541K USD +26.7%
Lessee, Operating Lease, Liability, to be Paid, Year Four 79K USD
Additional Paid in Capital 372M USD +5.25%
Amortization of Intangible Assets 355K USD
Depreciation, Depletion and Amortization 2.45M USD +66.3%
Share-based Payment Arrangement, Expense 944K USD -70.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%