Akoustis Technologies Inc. (AKTS) Financial Statements (2024 and earlier)

Company Profile

Business Address 9805 NORTHCROSS CENTER COURT, SUITE A
HUNTERSVILLE, NC 28078
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,90043,10480,48588,32244,30830,154
Cash and cash equivalents12,90043,10480,48588,32244,30830,154
Receivables4,8084,7533,7931,170351285
Inventory, net of allowances, customer advances and progress billings5,4767,5484,0941,39013694
Inventory5,4767,5484,0941,39013694
Other current assets2,8594,4403,3592,3141,4081,288
Other undisclosed current assets(25)     
Total current assets:26,01859,84591,73193,19646,20331,821
Noncurrent Assets
Operating lease, right-of-use asset1,1581,3741,126471699
Property, plant and equipment56,19857,82651,15730,73023,60515,178
Intangible assets, net (including goodwill)28,43529,80017,045572544388
Goodwill14,55914,5598,051   
Intangible assets, net (excluding goodwill)13,87615,2418,994572544388
Other noncurrent assets747227925261262
Other undisclosed noncurrent assets     121300
Total noncurrent assets:85,86589,07269,60731,79825,23016,128
TOTAL ASSETS:111,883148,917161,338124,99471,43347,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,74817,02711,2046,9545,8993,211
Employee-related liabilities 4,4152,4781,552
Accounts payable3,1873,9793,6301,1882,135245
Accrued liabilities9,3117,1001,461590137702
Other undisclosed accounts payable and accrued liabilities1,2505,9486,1137611,149712
Deferred revenue5610528641 
Debt      
Business combination, contingent consideration, liability  855   
Other liabilities   270231 
Other undisclosed current liabilities 478439313  5
Total current liabilities:14,28217,57112,6587,2656,1303,216
Noncurrent Liabilities
Long-term debt and lease obligation42,986784    
Long-term debt, excluding current maturities42,986784    
Liabilities, other than long-term debt84644,32345,25031923,80818,778
Deferred income tax liabilities  43,347   
Other liabilities117     
Operating lease, liability729976   
Derivative instruments and hedges, liabilities   45,25031923,80818,778
Total noncurrent liabilities:43,83245,10745,25031923,80818,778
Total liabilities:58,11462,67857,9087,58429,93821,994
Equity
Equity, attributable to parent53,76986,239103,430117,41041,49525,955
Common stock757257513830
Additional paid in capital360,090356,522310,171265,130145,07293,399
Accumulated deficit(306,396)(270,355)(206,798)(147,771)(103,615)(67,474)
Total equity:53,76986,239103,430117,41041,49525,955
TOTAL LIABILITIES AND EQUITY:111,883148,917161,338124,99471,43347,949

Income Statement (P&L) ($ in thousands)

6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues29,70827,12115,3506,6181,7901,443
Cost of revenue(32,931)(30,237)(19,487)(10,651)(2,414)(1,013)
Other cost of operating revenue (26,595)(30,237)    
Gross profit:(3,223)(3,116)(4,137)(4,033)(624)430
Operating expenses(68,665)(62,953)(56,418)(37,361)(31,414)(27,997)
Operating loss:(71,888)(66,069)(60,555)(41,394)(32,038)(27,567)
Nonoperating income (expense)34964(472)(2,762)(4,102)(1,681)
Investment income, nonoperating    744181420
Interest and debt expense    1,624  
Loss from continuing operations before income taxes:(71,539)(66,005)(61,027)(42,532)(36,140)(29,248)
Income tax expense (benefit)2,3892,4481,833 (100) 
Loss from continuing operations:(69,150)(63,557)(59,194)(42,532)(36,240)(29,248)
Loss before gain (loss) on sale of properties:(41,789)(42,532)(36,240)(29,248)
Income from discontinued operations   17,405   
Other undisclosed net loss   (17,405)(1,624)  
Net loss:(69,150)(63,557)(59,194)(44,156)(36,240)(29,248)
Net income attributable to noncontrolling interest   167   
Other undisclosed net income attributable to parent     100 
Net loss available to common stockholders, diluted:(69,150)(63,557)(59,027)(44,156)(36,140)(29,248)

Comprehensive Income ($ in thousands)

6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net loss:(69,150)(63,557)(59,194)(44,156)(36,240)(29,248)
Comprehensive loss:(69,150)(63,557)(59,194)(44,156)(36,240)(29,248)
Comprehensive income, net of tax, attributable to noncontrolling interest   167   
Comprehensive loss, net of tax, attributable to parent:(69,150)(63,557)(59,027)(44,156)(36,240)(29,248)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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