AKTS Stock Overview
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally.
Akoustis Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.84|
|52 Week High||US$9.87|
|52 Week Low||US$2.79|
|1 Month Change||-35.01%|
|3 Month Change||-21.33%|
|1 Year Change||-70.72%|
|3 Year Change||-62.33%|
|5 Year Change||-57.29%|
|Change since IPO||13.60%|
Recent News & Updates
Akoustis Technologies secures fourth design win for a new 5G mobile network filter
Akoustis Technologies (NASDAQ:AKTS) announced Wednesday that it has secured fourth design win for its 5G small cell base station filter, 3.5 GHz XBAW. The contract is received from a new mobile network infrastructure customer targeting Europe and Asia with small cell and massive MIMO network infrastructure. Design and testing for the filter has already been completed by the customer. Jeff Shealy, founder and CEO of Akoustis, stated, “Our XBAW® filters are gaining traction across multiple markets as our patented technology and processes improve.” Mr. Shealy continued, “The development of our world-class semiconductor manufacturing facility in Upstate New York is making Akoustis a compelling choice for OEMs worldwide. In addition, the radio frequency filter company, Akoustis, revealed its plans to ramp up production to achieve annual production capacity of approximately 500M units. See previous design win here.
Akoustis Technologies Non-GAAP EPS of -$0.26 misses by $0.05, revenue of $5.2M misses by $0.98M
Akoustis Technologies press release (NASDAQ:AKTS): Q4 Non-GAAP EPS of -$0.26 misses by $0.05. Revenue of $5.2M (+140.7% Y/Y) misses by $0.98M. Ramp in XBAW Filter Revenue Expected to Continue in the Current Q1 FY23 with a Greater Than 200% Year-Over-Year Revenue Increase Akoustis Now has Twelve Customers in Production with Finished XBAW Filter Products Customer Activity Remains Robust with Expanding Design Win Pipeline in 5G Mobile, Wi-Fi CPE, 5G Infrastructure, Automotive, Timing Control and Other Markets Akoustis Is Ideally Positioned to Expand Its Chip Manufacturing in Upstate New York, USA and Benefit from the Recently Passed CHIPS and Science Act of 2022
|AKTS||US Electronic||US Market|
Return vs Industry: AKTS underperformed the US Electronic industry which returned -21.3% over the past year.
Return vs Market: AKTS underperformed the US Market which returned -20.3% over the past year.
|AKTS Average Weekly Movement||10.3%|
|Electronic Industry Average Movement||6.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: AKTS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: AKTS's weekly volatility (10%) has been stable over the past year.
About the Company
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services and microelectromechanical systems foundry services.
Akoustis Technologies Fundamentals Summary
|AKTS fundamental statistics|
Is AKTS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AKTS income statement (TTM)|
|Cost of Revenue||US$19.49m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.03|
|Net Profit Margin||-384.54%|
How did AKTS perform over the long term?See historical performance and comparison
Is AKTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AKTS?
Other financial metrics that can be useful for relative valuation.
|What is AKTS's n/a Ratio?|
Price to Sales Ratio vs Peers
How does AKTS's PS Ratio compare to its peers?
|AKTS PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
BELF.A Bel Fuse
AMPG AmpliTech Group
LGL LGL Group
AKTS Akoustis Technologies
Price-To-Sales vs Peers: AKTS is expensive based on its Price-To-Sales Ratio (10.6x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does AKTS's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Sales vs Industry: AKTS is expensive based on its Price-To-Sales Ratio (10.6x) compared to the US Electronic industry average (1.6x)
Price to Sales Ratio vs Fair Ratio
What is AKTS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||10.6x|
|Fair PS Ratio||0.8x|
Price-To-Sales vs Fair Ratio: AKTS is expensive based on its Price-To-Sales Ratio (10.6x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).
Share Price vs Fair Value
What is the Fair Price of AKTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate AKTS's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate AKTS's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Akoustis Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKTS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AKTS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AKTS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AKTS's revenue (64.4% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: AKTS's revenue (64.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AKTS's Return on Equity is forecast to be high in 3 years time
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How has Akoustis Technologies performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKTS is currently unprofitable.
Growing Profit Margin: AKTS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AKTS is unprofitable, and losses have increased over the past 5 years at a rate of 26.2% per year.
Accelerating Growth: Unable to compare AKTS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AKTS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (20.1%).
Return on Equity
High ROE: AKTS has a negative Return on Equity (-57.23%), as it is currently unprofitable.
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How is Akoustis Technologies's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AKTS's short term assets ($91.7M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: AKTS's short term assets ($91.7M) exceed its long term liabilities ($45.3M).
Debt to Equity History and Analysis
Debt Level: AKTS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if AKTS's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AKTS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AKTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.6% each year
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What is Akoustis Technologies's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Akoustis Technologies Dividend Yield vs Market|
|Company (Akoustis Technologies)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Electronic)||1.7%|
|Analyst forecast in 3 Years (Akoustis Technologies)||n/a|
Notable Dividend: Unable to evaluate AKTS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AKTS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AKTS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AKTS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AKTS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Shealy (53 yo)
Mr. Jeffrey B. Shealy, also known as Jeff, is a Founder of Akoustis Technologies, Inc. and serves as its President, Chief Executive Officer and Director since May 22, 2015. Mr. Shealy serves as the Chief E...
CEO Compensation Analysis
|Jeff Shealy's Compensation vs Akoustis Technologies Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||US$2m||US$439k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||US$1m||US$403k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||US$885k||US$308k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||US$659k||US$295k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||US$745k||US$162k|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||US$408k||US$154k|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||US$45k||US$42k|
Compensation vs Market: Jeff's total compensation ($USD1.53M) is about average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
Experienced Management: AKTS's management team is considered experienced (3.4 years average tenure).
Experienced Board: AKTS's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|07 Feb 22||BuyUS$100,036||J. McGuire||Individual||17,800||US$5.62|
|17 Dec 21||SellUS$97,635||Jeffrey Shealy||Individual||13,928||US$7.01|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Akoustis Technologies, Inc.'s employee growth, exchange listings and data sources
- Name: Akoustis Technologies, Inc.
- Ticker: AKTS
- Exchange: NasdaqCM
- Founded: NaN
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: US$162.781m
- Shares outstanding: 57.32m
- Website: https://www.akoustis.com
Number of Employees
- Akoustis Technologies, Inc.
- 9805 Northcross Center Court
- Suite A
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AKTS||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||May 2015|
|AVH||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2015|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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 here.