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AKOUSTIS TECHNOLOGIES, INC.

CIK: 1584754 SIC: 3661
$29.41M
Revenue
$-154.24M
Net Income
15.97%
Gross Margin
-318.51%
Op. Margin
$-76.99M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 9 annual reports available (2014 - 2024)
Breakdown TTM
(Sep 30, 2024)
FY 2024
(Jun 30, 2024)
FY 2023
(Jun 30, 2023)
FY 2022
(Jun 30, 2022)
FY 2021
(Jun 30, 2021)
FY 2020
(Jun 30, 2020)
+ Total Revenue $29.41M $27.38M $27.12M $15.35M $6.62M $1.79M
Revenue Growth % 7.4% 1.0% 76.7% 131.9% 269.7% nan%
Cost of Revenue $24.71M $28.07M $30.24M $19.49M $10.65M $2.41M
+ Gross Profit $4.70M $-689.00K $-3.12M $-4.14M $-4.03M $-624.00K
Gross Margin % 16.0% -2.5% -11.5% -27.0% -60.9% -34.9%
Operating Expenses $98.37M $109.30M $62.95M $56.42M $37.36M $31.41M
Research & Development $22.34M $29.99M $33.24M $35.71M $24.08M $20.52M
+ Operating Income $-93.67M $-109.99M $-66.07M $-60.55M $-41.39M $-32.04M
Operating Margin % -318.5% -401.7% -243.6% -394.5% -625.5% -1789.8%
Interest Expense - $442.00K - - $325.00K $650.00K
Other Income/Expense - - $-8.00K - $-2.76M $-4.10M
Income Before Tax $-154.24M $-167.94M $-66.00M $-61.03M - -
Income Tax Expense $6.00K $6.00K $-2.45M $-1.83M - -
+ Net Income $-154.24M $-167.95M $-63.56M $-59.03M $-44.16M $-36.14M
Net Margin % -524.5% -613.3% -234.3% -384.5% -667.2% -2019.0%
Basic EPS -1.65 -1.89 -1.00 -1.09 -1.02 nan
Diluted EPS -1.65 -1.89 -1.00 -1.09 -1.02 nan
Basic Shares Outstanding 154.4M 89.1M 63.6M 54.0M 43.4M -
Diluted Shares Outstanding 154.4M 89.1M 63.6M 54.0M 43.4M -
Breakdown FY 2024
(Jun 30, 2024)
FY 2023
(Jun 30, 2023)
FY 2022
(Jun 30, 2022)
FY 2021
(Jun 30, 2021)
FY 2020
(Jun 30, 2020)
Cash & Cash Equivalents $24.45M $43.10M $80.48M $88.32M $44.31M
Accounts Receivable $3.91M $4.75M $3.79M $1.17M $351.00K
Inventory $2.22M $7.55M $4.09M $1.39M $136.00K
Other Current Assets $2.99M $4.44M $3.36M $2.31M $1.41M
Total Current Assets $36.77M $59.84M $91.73M $93.20M $46.20M
Property Plant & Equipment $12.90M $57.83M $51.16M $30.73M $23.61M
Goodwill $6.51M $14.56M $8.05M - -
Intangible Assets $12.56M $15.24M $8.99M $572.00K $544.00K
Other Non-current Assets $71.00K $72.00K $279.00K $25.00K $261.00K
Total Assets $69.74M $148.92M $161.34M $124.99M $71.43M
Deferred Revenue $131.00K $105.00K $286.00K $41.00K -
Total Current Liabilities $84.37M $17.57M $12.66M $7.26M $6.13M
Deferred Tax Liabilities - $43.35M $43.73M - -
Other Non-current Liabilities $117.00K $117.00K - - -
Total Liabilities $126.83M $62.68M $57.91M $7.58M $29.94M
Common Stock $123.00K $72.00K $57.00K $51.00K $38.00K
Retained Earnings $-438.51M $-270.36M $-206.80M $-147.77M $-103.61M
Total Stockholders Equity $-57.09M $86.24M $103.43M $117.41M $41.49M
Total Liabilities & Equity $69.74M $148.92M $161.34M $124.99M $71.43M
Breakdown TTM
(Sep 30, 2024)
FY 2024
(Jun 30, 2024)
FY 2023
(Jun 30, 2023)
FY 2022
(Jun 30, 2022)
FY 2021
(Jun 30, 2021)
FY 2020
(Jun 30, 2020)
Net Income $-210.21M $-167.95M $-63.56M $-59.03M $-44.16M $-36.14M
Depreciation & Amortization $20.19M $12.76M $11.26M $7.85M $4.66M $3.08M
Stock-based Compensation $1.46M $2.85M $9.41M $10.25M $8.19M $6.73M
Deferred Income Tax - - $-2.39M - - -
Change in Receivables $3.65M $-641.00K $79.00K $1.64M $819.00K $66.00K
Change in Inventory $-6.45M $-5.33M $3.45M $2.51M $1.25M $42.00K
Operating Cash Flow $-76.99M $-40.35M $-44.82M $-45.20M $-29.36M $-21.30M
Capital Expenditure - $5.99M $11.38M - - -
Acquisitions - - $13.88M - - -
Investing Cash Flow $-12.01M $-5.99M $-25.15M $-34.94M $-12.49M $-9.89M
Stock Issued - $12.34M $32.03M $27.58M $82.84M $43.15M
Financing Cash Flow - $27.68M $32.59M $72.30M $85.77M $45.45M
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
Description Sep 30, 2024
Current Prior Year
Total Revenue $9.03M $7.00M
Cost of Revenue $4.72M $8.09M
Gross Profit $4.30M $-1.08M
Operating Expenses $9.64M $20.57M
Research & Development $2.69M $10.35M
Operating Income $-5.34M $-21.65M
Other Income/Expense $-4.00K $-3.00K
Income Before Tax $-6.42M $-20.13M
Income Tax Expense $1.00K $1.00K
Net Income $-6.42M $-20.13M
Basic EPS -0.04 -0.28
Diluted EPS -0.04 -0.28
Basic Shares Outstanding $154.43M $72.31M
Diluted Shares Outstanding $154.43M $72.31M
Condensed Consolidated Balance Sheets
Description Sep 30, 2024 Jun 30, 2024
Cash & Cash Equivalents $12.06M $24.45M
Accounts Receivable $3.83M $3.91M
Inventory $3.17M $2.22M
Other Current Assets $3.45M $2.99M
Total Current Assets $25.71M $36.77M
Property Plant & Equipment $12.37M $12.90M
Goodwill $6.51M $6.51M
Intangible Assets $11.91M $12.56M
Other Non-current Assets $71.00K $71.00K
Total Assets $57.37M $69.74M
Deferred Revenue $301.00K $131.00K
Total Current Liabilities $80.09M $84.37M
Other Non-current Liabilities $117.00K $117.00K
Total Liabilities $122.59M $126.83M
Common Stock $154.00K $123.00K
Retained Earnings $-444.93M $-438.51M
Total Stockholders Equity $-65.22M $-57.09M
Total Liabilities & Equity $57.37M $69.74M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2024
Current Prior Year
Net Income $-6.42M $-20.13M
Depreciation & Amortization $1.20M $3.02M
Stock-based Compensation $-1.70M $1.88M
Change in Receivables $4.04M $-610.00K
Change in Inventory $945.00K $-1.37M
Operating Cash Flow $-12.20M $-13.11M
Investing Cash Flow $-185.00K $-4.21M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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