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AKTS

Akoustis Technologies NasdaqCM:AKTS Stock Report

Last Price

US$2.84

Market Cap

US$162.8m

7D

-7.8%

1Y

-70.7%

Updated

29 Sep, 2022

Data

Company Financials +
AKTS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Akoustis Technologies
Historical stock prices
Current Share PriceUS$2.84
52 Week HighUS$9.87
52 Week LowUS$2.79
Beta1.43
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 IPO13.60%

Recent News & Updates

Sep 28

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.

Sep 12

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

Shareholder Returns

AKTSUS ElectronicUS Market
7D-7.8%-2.3%-3.1%
1Y-70.7%-21.7%-21.5%

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.

Price Volatility

Is AKTS's price volatile compared to industry and market?
AKTS volatility
AKTS Average Weekly Movement10.3%
Electronic Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
n/a207Jeff Shealyhttps://www.akoustis.com

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

How do Akoustis Technologies's earnings and revenue compare to its market cap?
AKTS fundamental statistics
Market CapUS$162.78m
Earnings (TTM)-US$59.03m
Revenue (TTM)US$15.35m

10.6x

P/S Ratio

-2.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKTS income statement (TTM)
RevenueUS$15.35m
Cost of RevenueUS$19.49m
Gross Profit-US$4.14m
Other ExpensesUS$54.89m
Earnings-US$59.03m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.03
Gross Margin-26.95%
Net Profit Margin-384.54%
Debt/Equity Ratio42.3%

How did AKTS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AKTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • Analyst Forecast

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.

AKTS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.3x
Enterprise Value/EBITDA-2.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does AKTS's PS Ratio compare to its peers?

AKTS PS Ratio vs Peers
The above table shows the PS ratio for AKTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.2x
BELF.A Bel Fuse
0.6x5.8%US$314.4m
AIRG Airgain
1.1x18.3%US$74.4m
AMPG AmpliTech Group
1.3x43.7%US$16.9m
LGL LGL Group
1.9x16.7%US$58.7m
AKTS Akoustis Technologies
10.6x64.4%US$162.8m

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.

AKTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.6x
Fair PS Ratio0.8x

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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Future Growth

How is Akoustis Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.4%

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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Past Performance

How has Akoustis Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-26.2%

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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Financial Health

How is Akoustis Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


Balance Sheet


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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Dividend

What is Akoustis Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Akoustis Technologies Dividend Yield vs Market
How does Akoustis Technologies dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Jeff Shealy (53 yo)

7.33yrs

Tenure

US$1,529,225

Compensation

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
How has Jeff Shealy's remuneration changed compared to Akoustis Technologies's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022US$2mUS$439k

-US$59m

Mar 31 2022n/an/a

-US$53m

Dec 31 2021n/an/a

-US$48m

Sep 30 2021n/an/a

-US$45m

Jun 30 2021US$1mUS$403k

-US$44m

Mar 31 2021n/an/a

-US$44m

Dec 31 2020n/an/a

-US$42m

Sep 30 2020n/an/a

-US$39m

Jun 30 2020US$885kUS$308k

-US$36m

Mar 31 2020n/an/a

-US$32m

Dec 31 2019n/an/a

-US$33m

Sep 30 2019n/an/a

-US$31m

Jun 30 2019US$659kUS$295k

-US$29m

Mar 31 2019n/an/a

-US$30m

Dec 31 2018n/an/a

-US$26m

Sep 30 2018n/an/a

-US$24m

Jun 30 2018US$745kUS$162k

-US$22m

Mar 31 2018n/an/a

-US$17m

Dec 31 2017n/an/a

-US$15m

Sep 30 2017n/an/a

-US$12m

Jun 30 2017US$408kUS$154k

-US$10m

Mar 31 2017n/an/a

-US$10m

Dec 31 2016n/an/a

-US$9m

Sep 30 2016n/an/a

-US$6m

Jun 30 2016US$45kUS$42k

-US$5m

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.


Leadership Team

Experienced Management: AKTS's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: AKTS's board of directors are considered experienced (7.3 years average tenure).


Ownership

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

NasdaqCM:AKTS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
07 Feb 22BuyUS$100,036J. McGuireIndividual17,800US$5.62
17 Dec 21SellUS$97,635Jeffrey ShealyIndividual13,928US$7.01

Ownership Breakdown

What is the ownership structure of AKTS?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders2,305,6004.0%
General Public26,907,66546.9%
Institutions28,103,90749.0%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.


Top Shareholders

Top 25 shareholders own 42.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
5.17%
BlackRock, Inc.
2,965,937$8.4m-5.09%no data
4.55%
The Vanguard Group, Inc.
2,606,574$7.4m13.02%no data
4.41%
Elemental Capital Partners LLC
2,530,038$7.2m-0.97%10.3%
4.15%
Handelsbanken Asset Management
2,380,000$6.8m-10.19%0.02%
2.63%
Senvest Management, LLC
1,506,616$4.3m5.61%0.15%
1.99%
Penserra Capital Management LLC
1,142,905$3.2m28.74%0.11%
1.8%
Ashford Capital Management Inc
1,030,280$2.9m-6.83%0.47%
1.68%
Geode Capital Management, LLC
962,777$2.7m3.44%no data
1.55%
Granahan Investment Management, LLC
889,066$2.5m-49.3%0.09%
1.54%
Needham Investment Management, LLC
883,434$2.5m-7.01%0.55%
1.53%
State Street Global Advisors, Inc.
874,542$2.5m0.25%no data
1.23%
Jerry Neal
706,609$2.0m-3.74%no data
1.1%
Herald Investment Management Limited
628,636$1.8m0%0.2%
1.02%
Connors Investor Services, Inc.
586,686$1.7m1.41%0.24%
0.89%
Taylor Frigon Capital Management LLC
507,350$1.4m0.81%0.83%
0.87%
Sargent Investment Group, LLC
500,950$1.4m47.44%0.5%
0.85%
Jeffrey McMahon
484,338$1.4m-3.5%no data
0.83%
First Washington Corporation
475,368$1.4m-0.5%0.71%
0.77%
Northern Trust Global Investments
441,969$1.3m-3.69%no data
0.74%
Wilcoxson Wealth Management
423,392$1.2m4.29%no data
0.72%
Goldman Sachs Group, Investment Banking and Securities Investments
410,503$1.2m0%no data
0.72%
Private Capital Advisors, Inc.
409,944$1.2m30.47%0.21%
0.64%
Jeffrey Shealy
366,792$1.0m3.73%no data
0.61%
Frg Family Wealth Advisors Llc
347,370$986.5k297.58%0.25%
0.54%
UBS Asset Management
307,348$872.9k-20.97%no data

Company Information

Akoustis Technologies, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Akoustis Technologies, Inc.
  • 9805 Northcross Center Court
  • Suite A
  • Huntersville
  • North Carolina
  • 28078
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKTSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2015
AVHDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.