Akoustis Technologies First Quarter 2024 Earnings: EPS Misses Expectations

Akoustis Technologies (NASDAQ:AKTS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$7.00m (up 26% from 1Q 2023).
• Net loss: US$20.1m (loss widened by 5.4% from 1Q 2023).
• US$0.28 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Akoustis Technologies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 12% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Akoustis Technologies (2 are significant!) that you need to be mindful of.

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