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This company is no longer active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 Past Earnings Performance

Past criteria checks 0/6

Akerna's earnings have been declining at an average annual rate of -32.9%, while the Software industry saw earnings growing at 16.6% annually. Revenues have been growing at an average rate of 4.9% per year.

Key information

-32.92%

Earnings growth rate

22.86%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate4.91%
Return on equityn/a
Net Margin-211.13%
Last Earnings Update30 Sep 2023

Recent past performance 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...

Revenue & Expenses Breakdown

How Akerna makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:KERN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2310-2193
30 Jun 2311-24103
31 Mar 2312-41124
31 Dec 2214-60144
30 Sep 2214-64125
30 Jun 2216-60166
31 Mar 2218-46156
31 Dec 2118-31156
30 Sep 2118-26196
30 Jun 2117-29166
31 Mar 2115-28166
31 Dec 2014-26175
30 Sep 2013-18204
30 Jun 2013-14173
31 Mar 2013-18196
31 Dec 1912-15166
30 Sep 1912-13155
30 Jun 1911-12136
31 Mar 1910-793
31 Dec 1810-473
30 Sep 1810-373
30 Jun 1810-273
30 Jun 176-792

Quality Earnings: KERN is currently unprofitable.

Growing Profit Margin: KERN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KERN is unprofitable, and losses have increased over the past 5 years at a rate of 32.9% per year.

Accelerating Growth: Unable to compare KERN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KERN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (5.5%).

Return on Equity

High ROE: KERN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/02/13 03:13
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