Akoustis Technologies First Quarter 2023 Earnings: EPS Misses Expectations – Yahoo Finance
Revenue: US$5.57m (up 198% from 1Q 2022).
Net loss: US$19.1m (loss widened by 49% from 1Q 2022).
US$0.33 loss per share (further deteriorated from US$0.25 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company’s shares are up 21% from a week ago.
What about risks? Every company has them, and we’ve spotted 4 warning signs for Akoustis Technologies (of which 1 is concerning!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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