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 - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 59.4 % -85.8%
Quick Ratio 8.11 % -83.8%
Debt-to-equity -1.38K % -2086%
Return On Equity -72.1 % -39.9%
Return On Assets -181 % -296%
Operating Margin -319 % -30.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 155M shares +114%
Common Stock, Shares, Outstanding 155M shares +113%
Entity Public Float 60.4M USD -59.2%
Common Stock, Value, Issued 154K USD +114%
Weighted Average Number of Shares Outstanding, Basic 154M shares +114%
Weighted Average Number of Shares Outstanding, Diluted 154M shares +114%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 29.4M USD +2.98%
Cost of Revenue 24.7M USD -22.5%
Research and Development Expense 22.3M USD -33.3%
General and Administrative Expense 32.6M USD -1.06%
Costs and Expenses 8.94M USD -12.8%
Operating Income (Loss) -93.7M USD -34.3%
Nonoperating Income (Expense) -60.6M USD -2285%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -154M USD -130%
Income Tax Expense (Benefit) 6K USD 0%
Net Income (Loss) Attributable to Parent -154M USD -139%
Earnings Per Share, Basic -1.65 USD/shares -73.7%
Earnings Per Share, Diluted -1.65 USD/shares -73.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.1M USD -53.2%
Accounts Receivable, after Allowance for Credit Loss, Current 3.83M USD -2.79%
Inventory, Net 3.17M USD -48.8%
Other Assets, Current 3.45M USD +29.1%
Assets, Current 25.7M USD -33.4%
Property, Plant and Equipment, Net 12.4M USD -78.7%
Operating Lease, Right-of-Use Asset 803K USD -36.3%
Intangible Assets, Net (Excluding Goodwill) 11.9M USD -18%
Goodwill 6.51M USD -55.3%
Other Assets, Noncurrent 71K USD -2.74%
Assets 57.4M USD -54.9%
Accounts Payable, Current 1.7M USD -71.8%
Accrued Liabilities, Current 1.16M USD
Contract with Customer, Liability, Current 301K USD +1104%
Liabilities, Current 80.1M USD +404%
Deferred Income Tax Liabilities, Net 43.3M USD -0.88%
Operating Lease, Liability, Noncurrent 329K USD -61.5%
Other Liabilities, Noncurrent 117K USD
Liabilities 123M USD +107%
Retained Earnings (Accumulated Deficit) -445M USD -53.1%
Stockholders' Equity Attributable to Parent -65.2M USD -196%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 86.2M USD -16.6%
Liabilities and Equity 57.4M USD -54.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -12.2M USD +6.92%
Net Cash Provided by (Used in) Investing Activities -185K USD +95.6%
Common Stock, Shares Authorized 175M shares +40%
Common Stock, Shares, Issued 155M shares +113%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 12.1M USD -53.2%
Deferred Tax Assets, Valuation Allowance 94.3M USD +62.2%
Operating Lease, Liability 854K USD -35%
Depreciation 8.2M USD -13.7%
Payments to Acquire Property, Plant, and Equipment 4.21M USD -12.9%
Lessee, Operating Lease, Liability, to be Paid 974K USD -38%
Property, Plant and Equipment, Gross 13.6M USD -84.4%
Operating Lease, Liability, Current 525K USD +14.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 66K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 374K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 120K USD -53.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 68K USD
Deferred Tax Assets, Operating Loss Carryforwards 64.6M USD +20.3%
Current Income Tax Expense (Benefit) -2.4M USD -1775%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 694K USD +28.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11K USD
Additional Paid in Capital 380M USD +5.9%
Amortization of Intangible Assets 355K USD
Depreciation, Depletion and Amortization 2.45M USD +66.3%
Deferred Tax Assets, Net of Valuation Allowance 97.4M USD +36.4%
Share-based Payment Arrangement, Expense -736K USD -190%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%