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AKTS

Akoustis Technologies Inc

$4.79

Earnings Summary

Revenue
$4.61Mn
Net Profits
$-14.69Mn
Net Profit Margins
-318.78%

Highlights

Revenue:

Akoustis Technologies Inc’s revenue jumped 83.04% since last year same period to $4.61Mn in the Q1 2022. On a quarterly growth basis, Akoustis Technologies Inc has generated 25.46% jump in its revenue since last 3-months.

Net Profits:

Akoustis Technologies Inc’s net profit fell -44.33% since last year same period to $-14.69Mn in the Q1 2022. On a quarterly growth basis, Akoustis Technologies Inc has generated 3.79% jump in its net profits since last 3-months.

Net Profit Margins:

Akoustis Technologies Inc’s net profit margin jumped 21.14% since last year same period to -318.78% in the Q1 2022. On a quarterly growth basis, Akoustis Technologies Inc has generated 23.31% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Akoustis Technologies Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.19
EPS Estimate Current Year
-0.19

Highlights

EPS Estimate Current Quarter:

Akoustis Technologies Inc’s earning per share (EPS) estimates for the current quarter stand at -0.19 - a 13.64% jump from last quarter’s estimates.

EPS Estimate Current Year:

Akoustis Technologies Inc’s earning per share (EPS) estimates for the current year stand at -0.19.

Key Ratios

Key ratios of the Akoustis Technologies Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.22
Return on Assets (ROA)
-0.27
Return on Equity (ROE)
-0.45
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Akoustis Technologies Inc’s earning per share (EPS) jumped 0% since last year same period to -0.22 in the Q1 2022. This indicates that the Akoustis Technologies Inc has generated 0% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Akoustis Technologies Inc’s return on assets (ROA) stands at -0.27.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Akoustis Technologies Inc’s return on equity (ROE) stands at -0.45.

Dividend Per Share (DPS):

Akoustis Technologies Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-02
-0.22
-0.22
0%

Company Information

Akoustis® is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.

Organisation
Akoustis Technologies Inc
Headquarters
Huntersville, North Carolina, US
Employees
99
Industry
Electronic Technology