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Akoustis Technologies (AKTSQ)
OTHER OTC:AKTSQ
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -22.92%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments such as revenue growth, design wins in Wi-Fi 7, and cost reductions, but was offset by challenges including the sunset of a major Wi-Fi 6E program, significant operating losses, and substantial litigation risks.Company Guidance
During the Akoustis Technologies Q3 2024 earnings call, the company reported a sequential revenue increase of 7% to $7.5 million, with filter-related revenue up 13%. The top 10 customers accounted for 64% of revenue, with 48% of sales originating from Asia, 39% from North America, and 13% from Europe. The company guided Q4 revenue to be flat to down 5% due to a transition from Wi-Fi 6E to Wi-Fi 7. They achieved a 31% sequential reduction in cash burn, aiming for operational cash flow breakeven within nine months. Akoustis has nine design wins in Wi-Fi 7 and is optimistic about ramping up production in the latter half of 2024. Additionally, they expect a 25% refundable investment tax credit from the CHIPS Act and continued progress in defense and infrastructure markets. On a GAAP basis, the operating loss was $22.6 million, with a net loss per share of $0.26, while non-GAAP figures showed a $12.5 million operating loss and a net loss per share of $0.14.Revenue Growth
Revenue increased 7% sequentially to $7.5 million, with filter-related revenue up 13% quarter-over-quarter.
Design Wins in Wi-Fi 7
Secured 9 design wins in Wi-Fi 7 AP platforms, indicating a positive trend towards ramping major Wi-Fi 7 programs.
CHIPS Act and Defense Contracts
Received updates on the CHIPS Act membership and funding, with active research programs and potential tax credits estimated between $2.8 million and $4 million.
Expense Reduction
Cash burn was reduced by 31% sequentially, with ongoing efforts expected to reduce the burn rate by an additional 30% in the next quarter.
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AKTSQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKTSQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $0.05 | $0.05 | 0.00% |
| Aug 26, 2024 | $0.10 | $0.10 | 0.00% |
| May 13, 2024 | $0.57 | $0.42 | -26.32% |
| Feb 13, 2024 | $0.73 | $0.62 | -15.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Akoustis Technologies (AKTSQ) report earnings?
Akoustis Technologies (AKTSQ) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Akoustis Technologies (AKTSQ) earnings time?
Akoustis Technologies (AKTSQ) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKTSQ EPS forecast?
Currently, no data Available
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