Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States.
Excellent balance sheet with limited growth.
Share Price & News
How has Akoustis Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AKTS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AKTS exceeded the US Electronic industry which returned -2.9% over the past year.
Return vs Market: AKTS exceeded the US Market which returned 5% over the past year.
Price Volatility Vs. Market
How volatile is Akoustis Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhy Akoustis Technologies, Inc.'s (NASDAQ:AKTS) CEO Pay Matters To You
1 month ago | Simply Wall StInvestors Who Bought Akoustis Technologies (NASDAQ:AKTS) Shares Five Years Ago Are Now Up 59%
1 month ago | Simply Wall StHealth Check: How Prudently Does Akoustis Technologies (NASDAQ:AKTS) Use Debt?
Is Akoustis Technologies undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AKTS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AKTS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AKTS is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: AKTS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AKTS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AKTS is overvalued based on its PB Ratio (8x) compared to the US Electronic industry average (1.8x).
How is Akoustis Technologies forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
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 (78.3% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: AKTS's revenue (78.3% 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
How has Akoustis Technologies performed over the past 5 years?
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 -47.5% 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 (-6.6%).
Return on Equity
High ROE: AKTS has a negative Return on Equity (-82.67%), as it is currently unprofitable.
How is Akoustis Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: AKTS's short term assets ($41.2M) exceed its short term liabilities ($3.6M).
Long Term Liabilities: AKTS's short term assets ($41.2M) exceed its long term liabilities ($20.8M).
Debt to Equity History and Analysis
Debt Level: AKTS's debt to equity ratio (52.3%) is considered high.
Reducing Debt: AKTS's debt to equity ratio has reduced from 307.4% to 52.3% 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 sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 48.7% each year.
What is Akoustis Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AKTS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Shealy (51yo)
Mr. Jeffrey B. Shealy, also known as Jeff, is a Founder, President, Chief Executive Officer and Director at Akoustis Technologies, Inc. Mr. Shealy serves as the Chief Executive Officer and President of Rog ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD658.71K) is below average for companies of similar size in the US market ($USD2.15M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
|Executive Vice President of Business Development||0.50yr||US$580.53k||0.48% $1.5m|
|Chief Product Officer||1.67yrs||US$580.63k||0.62% $1.9m|
|Interim Chief Financial Officer||1.67yrs||no data||0.17% $535.1k|
|Vice President of Corporate Development & Director of Investor Relations||2.42yrs||no data||no data|
|General Counsel & Corporate Secretary||2yrs||no data||no data|
|Vice President of Global Sales||0.083yr||no data||no data|
|Secretary||no data||no data||no data|
Experienced Management: AKTS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Co-Chairman of the Board||4.17yrs||US$132.31k||1.85% $5.7m|
|Independent Director||3yrs||US$111.35k||0.22% $684.6k|
|Independent Co-Chairman of the Board||4.17yrs||US$174.68k||0.27% $837.5k|
|Independent Director||5.17yrs||US$95.48k||0.70% $2.2m|
|Independent Director||5.17yrs||US$104.53k||1.47% $4.5m|
|Chair of Scientific Advisor Board||no data||no data||0.94% $2.9m|
Experienced Board: AKTS's board of directors are considered experienced (4.7 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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.3%.
Akoustis Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Akoustis Technologies, Inc.
- Ticker: AKTS
- Exchange: NasdaqCM
- Founded: 2014
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$307.798m
- Shares outstanding: 36.47m
- 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|
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. The company operates in two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi premise equipment, and defense applications. The company was founded in 2014 and is headquartered in Huntersville, North Carolina.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/07 00:05|
|End of Day Share Price||2020/07/06 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.