AKTS · Akoustis Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Price · AKTS
Income Statement
| Line item | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.03M | $7.02M | $7.51M | $7.00M | $5.87M | $4.61M | $1.87M | - | - | - |
| Cost of Revenue | $4.72M | $6.34M | $7.16M | $8.09M | $5.27M | $8.47M | $6.45M | $4.55M | $5.37M | $2.90M |
| Gross Profit | $4.30M | $681.0K | $349.0K | ($1.08M) | $591.0K | ($1.12M) | ($887.0K) | ($877.0K) | ($763.0K) | ($1.03M) |
| R&D | $2.69M | $6.41M | $5.97M | $10.35M | $7.64M | $7.35M | $10.10M | $9.19M | $8.31M | $7.97M |
| SG&A | $6.94M | $9.29M | $8.94M | $6.98M | $5.84M | $5.72M | $6.98M | $5.15M | $5.72M | $3.88M |
| Total Operating Expenses | $9.64M | $15.71M | $22.96M | $20.57M | $13.48M | $16.17M | $17.08M | $14.34M | $14.04M | $11.85M |
| D&A | $1.20M | $2.30M | $2.60M | $2.45M | - | - | $2.45M | - | - | $1.47M |
| Operating Income | ($5.34M) | ($15.02M) | ($22.61M) | ($21.65M) | ($12.89M) | ($17.28M) | ($17.97M) | ($15.21M) | ($14.80M) | ($12.88M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $1.0K | $2.0K | $2.0K | $1.0K | $1.0K | ($2.36M) | ($57.0K) | - | ($128) | - |
| Net Income | ($6.42M) | ($15.71M) | ($23.31M) | ($20.13M) | ($11.16M) | ($15.54M) | ($19.09M) | ($15.24M) | ($14.82M) | ($12.85M) |
| EPS - Basic | ($0.04) | ($0.21) | ($0.26) | ($0.28) | ($0.29) | ($0.23) | ($0.25) | - | ($0.27) | - |
| EPS - Diluted | ($0.04) | ($0.21) | ($0.26) | ($0.28) | ($0.29) | ($0.29) | ($0.25) | - | - | - |
Balance Sheet
| Line item | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.06M | $24.45M | $15.20M | $25.79M | $43.10M | $52.75M | $60.66M | $80.48M | $55.87M | $75.68M |
| Accounts Receivable | $3.83M | $3.91M | $4.45M | $3.94M | $4.75M | $4.25M | $2.98M | $3.79M | $3.09M | $1.35M |
| Inventory | $3.17M | $2.22M | $5.10M | $6.18M | $7.55M | $7.56M | $4.53M | $4.09M | $3.43M | $2.06M |
| Accounts Payable | $1.70M | $4.00M | $4.80M | $6.02M | $3.98M | $3.13M | $4.16M | $3.63M | $3.79M | $3.61M |
| Current Assets | $25.71M | $36.77M | $28.56M | $38.58M | $59.84M | $68.22M | $72.68M | $91.73M | $66.27M | $82.63M |
| Total Assets | $57.37M | $69.74M | $102.60M | $127.15M | $148.92M | $157.50M | $144.66M | $161.34M | $132.09M | $120.52M |
| Current Liabilities | $80.09M | $84.37M | $18.23M | $15.90M | $17.57M | $11.81M | $12.65M | $12.66M | $11.18M | $7.88M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $122.59M | $126.83M | $60.69M | $59.35M | $62.68M | $57.05M | $57.98M | $57.91M | $13.65M | $8.13M |
| Stockholders' Equity | ($65.22M) | ($57.09M) | $41.91M | $67.79M | $86.24M | $100.46M | $86.69M | $116.14M | $111.04M | $112.40M |
| Retained Earnings | ($444.93M) | ($438.51M) | ($329.70M) | ($290.69M) | ($270.36M) | ($252.59M) | ($225.89M) | ($206.80M) | ($190.57M) | ($160.62M) |
Cash Flow
| Line item | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($12.20M) | - | - | ($13.11M) | - | - | ($14.99M) | - | - | ($12.69M) |
| Investing Cash Flow | ($185.0K) | - | - | ($4.21M) | - | - | ($4.83M) | - | - | ($5.44M) |
| Financing Cash Flow | - | - | - | - | - | - | - | - | - | $5.49M |
| CapEx | - | - | - | $4.83M | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | ($17.94M) | - | - | - | - | - | - |
Ratios
| Metric | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 47.7% | 9.7% | 4.6% | -15.5% | 10.1% | -24.2% | -47.5% | - | - | - |
| Operating margin | -59.1% | -214.1% | -301.0% | -309.3% | -219.8% | -375.1% | -961.8% | - | - | - |
| EBITDA margin | -45.9% | -181.3% | -266.4% | -274.3% | - | - | -830.6% | - | - | - |
| Net margin | -71.1% | -223.9% | -310.4% | -287.5% | -190.2% | -337.4% | -1022.0% | - | - | - |
| Free cash flow margin | - | - | - | -256.2% | - | - | - | - | - | - |
| FCF / Net income | - | - | - | 0.89 | - | - | - | - | - | - |
| R&D / Revenue | 29.8% | 91.4% | 79.5% | 147.8% | 130.3% | 159.5% | 540.5% | - | - | - |
| SG&A / Revenue | 76.9% | 132.4% | 119.0% | 99.7% | 99.5% | 124.2% | 373.8% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -11.2% | -22.5% | -22.7% | -15.8% | -7.5% | -9.9% | -13.2% | -9.4% | -11.2% | -10.7% |
| Return on equity | 9.8% | 27.5% | -55.6% | -29.7% | -12.9% | -15.5% | -22.0% | -13.1% | -13.4% | -11.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.32 | 0.44 | 1.57 | 2.43 | 3.41 | 5.78 | 5.75 | 7.25 | 5.93 | 10.48 |
| Quick ratio | 0.28 | 0.41 | 1.29 | 2.04 | 2.98 | 5.14 | 5.39 | 6.92 | 5.62 | 10.22 |
| Cash ratio | 0.15 | 0.29 | 0.83 | 1.62 | 2.45 | 4.47 | 4.80 | 6.36 | 5.00 | 9.60 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.88 | -1.22 | 2.45 | 1.88 | 1.73 | 1.57 | 1.67 | 1.39 | 1.19 | 1.07 |
| Liabilities / Assets | 2.14 | 1.82 | 0.59 | 0.47 | 0.42 | 0.36 | 0.40 | 0.36 | 0.10 | 0.07 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | 0.10 | 0.07 | 0.06 | 0.04 | 0.03 | 0.01 | - | - | - |
| Inventory turnover | 1.49 | 2.85 | 1.40 | 1.31 | 0.70 | 1.12 | 1.43 | 1.11 | 1.57 | 1.41 |
| Days sales outstanding | 155d | 203d | 216d | 205d | 296d | 336d | 581d | - | - | - |
| Days inventory outstanding | 245d | 128d | 260d | 279d | 522d | 326d | 256d | 328d | 233d | 259d |
| Days payable outstanding | 131d | 230d | 244d | 272d | 275d | 135d | 235d | 291d | 258d | 454d |
| Cash conversion cycle | 268d | 101d | 232d | 213d | 543d | 527d | 602d | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 28.9% | 19.6% | 63.0% | 274.8% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | 75.1% | - | 122.5% | 124.5% | 133.3% | 51.0% | - | - | - |
| Revenue CAGR (5y) | 75.4% | 85.1% | 99.5% | 86.2% | 67.5% | 71.7% | 44.1% | - | - | - |
| Gross profit growth (YoY) | - | 15.2% | - | -22.2% | - | -46.3% | 14.2% | 32.2% | -67.3% | -2.1% |
| Operating income growth (YoY) | 75.4% | -16.5% | -30.8% | -20.5% | 15.3% | -16.8% | -39.4% | -48.9% | -63.0% | -24.8% |
| Net income growth (YoY) | 68.1% | -40.8% | -49.9% | -5.4% | 26.8% | -4.9% | -48.6% | -28.0% | -45.7% | -7.5% |
| EPS growth (YoY) | 85.7% | 27.6% | 10.3% | -12.0% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -58.3% | -21.8% | -25.7% | -9.5% | -22.9% | -1.1% | -5.6% | 219.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-06-30.
Product / service
$27.38M totalRFFilters$16.16M · 59.0%
Fabrication Services$11.22M · 41.0%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing Akoustis Technologies against the 5 most active filers in the same SIC group.