Akoustis Technologies, Inc. (AKTS) Financial Statements (2023 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67,46788,32244,30830,15414,8179,6322,730
Cash and cash equivalents67,46788,32244,30830,15414,8179,6322,730
Receivables2,5021,170351285215  
Inventory, net of allowances, customer advances and progress billings2,2861,390136945818844
Inventory2,2861,390136945818844
Prepaid expense    30615859
Other current assets3,1582,3141,4081,28848443 
Total current assets:75,41393,19646,20331,82115,87910,0212,833
Noncurrent Assets
Operating lease, right-of-use asset389471699
Property, plant and equipment40,24830,73023,60515,17812,8207,854183
Intangible assets, net (including goodwill)18,00257254438826420761
Goodwill7,835      
Intangible assets, net (excluding goodwill)10,16757254438826420761
Other noncurrent assets6025261262111111
Other undisclosed noncurrent assets  121300333  
Total noncurrent assets:58,69931,79825,23016,12813,4298,071254
TOTAL ASSETS:134,112124,99471,43347,94929,30818,0923,087
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,7206,9545,8993,2112,5931,336367
Accounts payable1,8181,1882,13524513949549
Accrued liabilities85959013770211916975
Employee-related liabilities2,6394,4152,4781,5521,651673243
Other undisclosed accounts payable and accrued liabilities1,4047611,149712684  
Deferred revenue10141 
Deferred revenue and credits 15 
Other liabilities291270231    
Other undisclosed current liabilities   553  
Total current liabilities:7,1127,2656,1303,2162,6461,351367
Noncurrent Liabilities
Long-term debt and lease obligation    11,4651,731 
Long-term debt, excluding current maturities    11,4651,731 
Liabilities, other than long-term debt3,33231923,80818,778117 314
Other liabilities    117  
Derivative instruments and hedges, liabilities3,33231923,80818,778  314
Other undisclosed noncurrent liabilities    1,230  
Total noncurrent liabilities:3,33231923,80818,77812,8121,731314
Total liabilities:10,4447,58429,93821,99415,4583,081681
Stockholders' equity
Stockholders' equity attributable to parent116,140117,41041,49525,95513,85015,0112,406
Common stock55513830221914
Additional paid in capital291,969265,130145,07293,39952,07430,7756,550
Accumulated deficit(175,884)(147,771)(103,615)(67,474)(38,247)(15,783)(4,157)
Stockholders' equity attributable to noncontrolling interest7,528      
Total stockholders' equity:123,668117,41041,49525,95513,85015,0112,406
TOTAL LIABILITIES AND EQUITY:134,112124,99471,43347,94929,30818,0923,087

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
3/31/2016
Revenues10,2146,6181,7901,4431,2084861
Revenue, net 486 
Other income      1
Cost of revenue(13,851)(10,651)(2,414)(1,013)(1,019)  
Gross profit:(3,637)(4,033)(624)4301884861
Operating expenses(45,315)(37,361)(31,414)(27,997)(22,466)(10,445)(3,870)
Other undisclosed operating loss      (1)
Operating loss:(48,952)(41,394)(32,038)(27,567)(22,278)(9,959)(3,870)
Nonoperating income (expense)620(2,762)(4,102)(1,681)539850159
Investment income, nonoperating92874418142038850(106)
Interest and debt expense 1,624     
Other undisclosed income from continuing operations before equity method investments, income taxes1,624      
Loss from continuing operations before income taxes:(46,708)(42,532)(36,140)(29,248)(21,739)(9,108)(3,711)
Income tax expense  (100)    
Loss before gain (loss) on sale of properties:(46,708)(42,532)(36,240)(29,248)(21,739)(9,108)(3,711)
Other undisclosed net loss(1,624)(1,624)     
Net loss:(48,332)(44,156)(36,240)(29,248)(21,739)(9,108)(3,711)
Net income attributable to noncontrolling interest15,246      
Other undisclosed net income (loss) attributable to parent(15,304) 100    
Net loss attributable to parent:(48,390)(44,156)(36,140)(29,248)(21,739)(9,108)(3,711)
Other undisclosed net loss available to common stockholders, basic(19)      
Net loss available to common stockholders, diluted:(48,409)(44,156)(36,140)(29,248)(21,739)(9,108)(3,711)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
3/31/2016
Net loss:(48,332)(44,156)(36,240)(29,248)(21,739)(9,108)(3,711)
Comprehensive loss:(48,332)(44,156)(36,240)(29,248)(21,739)(9,108)(3,711)
Comprehensive income, net of tax, attributable to noncontrolling interest15,246      
Comprehensive loss, net of tax, attributable to parent:(33,086)(44,156)(36,240)(29,248)(21,739)(9,108)(3,711)

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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