Akoustis Technologies Financials

AKTS Stock  USD 0.10  0.01  14.81%   
Based on the key indicators related to Akoustis Technologies' liquidity, profitability, solvency, and operating efficiency, Akoustis Technologies is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Akoustis Technologies' Short Term Debt is comparatively stable compared to the past year. Common Stock is likely to gain to about 129.2 K in 2024, despite the fact that Total Stockholder Equity is likely to grow to (54.2 M). Key indicators impacting Akoustis Technologies' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio31.110.4358
Way Up
Slightly volatile
Investors should never underestimate Akoustis Technologies' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Akoustis Technologies' cash flow, debt, and profitability to make informed and accurate decisions about investing in Akoustis Technologies.

Net Income

(159.55 Million)

  
Understanding current and past Akoustis Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Akoustis Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Akoustis Technologies' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Akoustis Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Akoustis Technologies. Check Akoustis Technologies' Beneish M Score to see the likelihood of Akoustis Technologies' management manipulating its earnings.

Akoustis Technologies Stock Summary

Akoustis Technologies competes with Hewlett Packard, Juniper Networks, Cisco Systems, Viavi Solutions, and Applied Opt. Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. Akoustis Technologies, Inc. is headquartered in Huntersville, North Carolina. Akoustis Technologies operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 205 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS00973N1028
CUSIP00973N102
LocationNorth Carolina; U.S.A
Business Address9805 Northcross Center
SectorElectronic Equipment, Instruments & Components
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websiteakoustis.com
Phone704 997 5735
CurrencyUSD - US Dollar

Akoustis Technologies Key Financial Ratios

Akoustis Technologies Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets71.4M125.0M161.3M148.9M69.7M62.4M
Net Debt(20.4M)(87.9M)(35.6M)2.3M28.4M29.8M
Retained Earnings(103.6M)(147.8M)(206.8M)(270.4M)(438.5M)(416.6M)
Cash44.3M88.3M80.5M43.1M24.4M31.5M
Total Liab29.9M7.6M57.9M62.7M126.8M133.2M
Total Current Assets46.2M93.2M91.7M59.8M36.8M36.1M
Common Stock38K51K57K72K123K129.2K
Net Tangible Assets41.0M116.8M86.4M56.4M64.9M39.3M
Capital Surpluse145.1M265.1M310.2M356.5M410.0M430.5M
Other Current Liab3.8M5.5M8.4M12.6M69.7M73.2M
Accounts Payable2.1M1.2M3.6M4.0M4.0M4.2M
Other Assets382K25K279K72K82.8K78.7K
Long Term Debt18.2M23.2M43.7M784K41.9M44.0M
Inventory136K1.4M4.1M7.5M2.2M1.7M
Other Current Assets1.4M2.3M3.4M4.4M4.8M5.0M
Intangible Assets544K572K9.0M15.2M12.6M13.2M
Net Receivables351K1.2M3.8M4.8M5.3M5.6M

Akoustis Technologies Key Income Statement Accounts

The reason investors look at the income statement is to determine what Akoustis Technologies' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense4.6M5.1M77K2.3M2.7M2.5M
Operating Income(32.0M)(41.4M)(60.6M)(66.1M)(110.0M)(104.5M)
Ebit(31.9M)(39.0M)(61.0M)(63.7M)(165.3M)(157.0M)
Ebitda(28.7M)(34.1M)(52.8M)(52.0M)(152.1M)(144.5M)
Income Before Tax(36.1M)(44.2M)(61.0M)(66.0M)(167.9M)(159.5M)
Net Income(40.9M)(46.9M)(59.2M)(63.6M)(168.0M)(159.6M)
Total Revenue1.8M6.6M15.4M27.1M27.4M28.8M
Gross Profit(624K)(4.0M)(4.1M)(3.1M)(689K)(723.5K)
Research Development20.5M24.1M35.7M33.2M30.0M20.1M
Cost Of Revenue2.4M10.7M19.5M30.2M28.1M29.5M
Income Tax Expense4.7M2.8M(1.8M)(2.4M)6K5.7K
Net Interest Income(4.6M)(5.1M)(77K)(2.3M)(2.7M)(2.8M)

Akoustis Technologies Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash14.3M43.9M(7.8M)(37.4M)(18.7M)(17.7M)
Free Cash Flow(31.3M)(41.9M)(72.9M)(56.2M)(46.3M)(44.0M)
Capital Expenditures10.0M12.5M27.7M11.4M6.0M8.1M
Net Income(36.1M)(44.2M)(59.2M)(63.6M)(168.0M)(159.6M)
End Period Cash Flow44.4M88.3M80.5M43.1M24.4M34.4M
Change To Inventory(42K)(1.3M)(2.5M)(3.5M)5.3M5.6M
Depreciation3.2M4.9M8.1M11.7M13.2M13.9M
Other Non Cash Items3.8M5.0M214K754K44.3M46.5M
Change To Netincome6.9M6.4M10.4M7.2M8.3M6.0M
Investments(9.9M)(12.5M)(34.9M)(13.9M)(6.0M)(6.3M)
Change Receivables(66K)(819K)(1.6M)(79K)(71.1K)(74.7K)

Akoustis Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Akoustis Technologies's current stock value. Our valuation model uses many indicators to compare Akoustis Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Akoustis Technologies competition to find correlations between indicators driving Akoustis Technologies's intrinsic value. More Info.
Akoustis Technologies is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Akoustis Technologies' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Akoustis Technologies by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Akoustis Technologies Systematic Risk

Akoustis Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Akoustis Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Akoustis Technologies correlated with the market. If Beta is less than 0 Akoustis Technologies generally moves in the opposite direction as compared to the market. If Akoustis Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Akoustis Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Akoustis Technologies is generally in the same direction as the market. If Beta > 1 Akoustis Technologies moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Akoustis Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Akoustis Technologies' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Akoustis Technologies growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0166)

At this time, Akoustis Technologies' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Akoustis Technologies November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Akoustis Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Akoustis Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Akoustis Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Akoustis Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Akoustis Technologies's daily price indicators and compare them against related drivers.

Additional Tools for Akoustis Stock Analysis

When running Akoustis Technologies' price analysis, check to measure Akoustis Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akoustis Technologies is operating at the current time. Most of Akoustis Technologies' value examination focuses on studying past and present price action to predict the probability of Akoustis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akoustis Technologies' price. Additionally, you may evaluate how the addition of Akoustis Technologies to your portfolios can decrease your overall portfolio volatility.