Akerna Corp.

NasdaqCM:KERN Stock Report

Market Cap: US$3.2m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Akerna Management

Management criteria checks 4/4

Akerna's CEO is Jessica Billingsley, appointed in Jun 2019, has a tenure of 4.67 years. total yearly compensation is $462.30K, comprised of 64.4% salary and 35.6% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth $19.17K. The average tenure of the management team and the board of directors is 3.6 years and 4.7 years respectively.

Key information

Jessica Billingsley

Chief executive officer

US$462.3k

Total compensation

CEO salary percentage64.44%
CEO tenure4.7yrs
CEO ownership0.6%
Management average tenure3.6yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

Analysis Article • Oct 19

Akerna Corp.'s (NASDAQ:KERN) Revenues Are Not Doing Enough For Some Investors

Akerna Corp.'s ( NASDAQ:KERN ) price-to-sales (or "P/S") ratio of 0.2x might make it look like a strong buy right now...
Seeking Alpha • Oct 03

Akerna announces $5M private placement of convertible redeemable preferred stock

Akerna (NASDAQ:KERN) on Monday announced a securities purchase deal with certain institutional investors to buy 400K series A convertible redeemable preferred shares and 100K series B convertible redeemable preferred shares. Each series A and series B preferred share has a purchase price of $9.50, and is convertible into KERN shares at an initial conversion price of $0.25/share. The series A and series B preferred stock are convertible at the option of the holder at any time after KERN gets shareholder approval for a reverse stock split. KERN and holders of the preferred stock also entered into a registration rights deal to register the resale of shares issuable upon conversion of the preferred stock. Total gross proceeds from the offerings is $5M. The closing of the offering is expected on or about Oct. 4.
Analysis Article • Aug 14

Akerna Corp. (NASDAQ:KERN) Analysts Just Slashed This Year's Revenue Estimates By 12%

Today is shaping up negative for Akerna Corp. ( NASDAQ:KERN ) shareholders, with the analysts delivering a substantial...
Seeking Alpha • Aug 10

Akerna GAAP EPS of -$0.83, revenue of $6.1M

Akerna press release (NASDAQ:KERN): Q2 GAAP EPS of -$0.83. Revenue of $6.1M (+24.5% Y/Y). Shares +1.3%. Software revenue was $5.9 million, up 33% year-over-year Gross profit of $4.2 million, or 69.8% of total revenues, was up 42% year-over-year compared to $3.0 million, or 60.9% of total revenues in the same period of 2021 Loss from operations was $29.2 million, including a $24.1 million impairment of certain long-lived assets, compared to a loss of $6.1 million year—over-year
Seeking Alpha • Jun 30

Akerna slashes 48%, prices $10M offering

Akerna (NASDAQ:KERN) prices an underwritten public offering of 29.38M units of the company consisting of 29.38M shares together with stock warrants to purchase up to 29.38M shares of common stock and (ii) 14.09M pre-funded units, consisting of 14.09M pre-funded. The units are being sold at a public offering price of $0.23 per unit and the pre-funded units are being sold at a public offering price of $0.2299 per pre-funded unit. Company has granted the underwriters a 45-day option to purchase up to (i) an additional ~6.52M shares of common stock and/or (ii) 6.52M common warrants and/or (iii) 6.52 pre-funded warrants to cover over-allotments, if any, with the total over-allotments not to exceed 13.04M shares, including the common stock underlying the common warrants and pre-funded warrants. Gross proceeds are expected to be ~$10M. Closing expected on or about July 5, 2022. Net proceeds to be deployed for general corporate purposes, including servicing our ongoing debt obligations under our convertible notes, working capital, marketing, product development and capital expenditures. Stock declined about 48% during pre-market trade.
Seeking Alpha • Nov 05

Akerna Corp.: Pot Industry Enabler

Akerna Corp. (KERN) is a leader in providing enterprise software solutions and consultancy to all elements of the cannabis industry. However, its share price is off substantially due to a perceived smaller addressable market, competition, and feet dragging in Washington DC over federal legalization of cannabis. With the SAFE Act likely up for a Senate vote in the next six months and insider buying, this busted IPO warranted further investigation. A full investment analysis follows in the paragraphs.
Analysis Article • Aug 18

Is Akerna (NASDAQ:KERN) Using Debt In A Risky Way?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • May 03

Is Akerna (NASDAQ:KERN) Using Debt Sensibly?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Mar 10

The Akerna (NASDAQ:KERN) Share Price Has Gained 14% And Shareholders Are Hoping For More

Akerna Corp. ( NASDAQ:KERN ) shareholders might be rather concerned because the share price has dropped 32% in the last...
Analysis Article • Feb 03

Here's What Akerna Corp.'s (NASDAQ:KERN) Shareholder Ownership Structure Looks Like

If you want to know who really controls Akerna Corp. ( NASDAQ:KERN ), then you'll have to look at the makeup of its...

CEO Compensation Analysis

How has Jessica Billingsley's remuneration changed compared to Akerna's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$21m

Jun 30 2023n/an/a

-US$24m

Mar 31 2023n/an/a

-US$41m

Dec 31 2022US$462kUS$298k

-US$60m

Sep 30 2022n/an/a

-US$64m

Jun 30 2022n/an/a

-US$60m

Mar 31 2022n/an/a

-US$46m

Dec 31 2021US$584kUS$263k

-US$31m

Sep 30 2021n/an/a

-US$26m

Jun 30 2021n/an/a

-US$29m

Mar 31 2021n/an/a

-US$28m

Dec 31 2020US$458kUS$125k

-US$26m

Sep 30 2020n/an/a

-US$18m

Jun 30 2020n/an/a

-US$14m

Mar 31 2020n/an/a

-US$18m

Dec 31 2019n/an/a

-US$15m

Sep 30 2019n/an/a

-US$13m

Jun 30 2019US$523kUS$9k

-US$12m

Compensation vs Market: Jessica's total compensation ($USD462.30K) is below average for companies of similar size in the US market ($USD673.84K).

Compensation vs Earnings: Jessica's compensation has been consistent with company performance over the past year.

CEO

Jessica Billingsley (46 yo)

4.7yrs
Tenure
US$462,303
Compensation

Ms. Jessica Billingsley is Independent Director at Nxu, Inc. since July 01, 2023. She was Advisor of Treehouse Global Ventures, LLC until October 2022. She was employed at Treehouse Global Ventures, LLC un...

Leadership Team

NamePositionTenureCompensationOwnership
Jessica Billingsley
Founder4.7yrsUS$462.30k0.59%
$ 19.2k
Larry Ditto
Chief Financial Officer1.8yrsUS$202.71k0.065%
$ 2.1k
David McCullough
Chief Technology Officer3.6yrsUS$240.43k0.037%
$ 1.2k
Georgia Jablon
Communications Managerno datano datano data
3.6yrs
Average Tenure
46yo
Average Age

Experienced Management: KERN's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jessica Billingsley
Founder4.7yrsUS$462.30k0.59%
$ 19.2k
Scott Sozio
Director5.3yrsUS$298.40k0.15%
$ 5.0k
Tahira Rehmatullah
Independent Director4.7yrsUS$71.22k0.031%
$ 1.0k
Matthew Kane
Independent Director4.7yrsUS$71.22k0.30%
$ 9.7k
4.7yrs
Average Tenure
43yo
Average Age

Experienced Board: KERN's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/02/13 06:47
End of Day Share Price 2024/02/09 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Akerna Corp. is covered by 4 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
Scott BuckH.C. Wainwright & Co.
Eric MartinuzziLake Street Capital Markets, LLC