Akoustis Technologies Intrinsic Value Calculator – AKOUSTIS TECHNOLOGIES Reports Record Fourth Quarter Earnings Results for FY2023
September 9, 2023
🌥️Earnings Overview
On September 6 2023, AKOUSTIS TECHNOLOGIES ($NASDAQ:AKTS) reported its fourth quarter of FY2023 earnings results, which ended June 30 2023. The total revenue for the quarter was USD 8.3 million, showing a 60.2% increase in comparison to the same period of the previous fiscal year. Net income for the quarter was reported at USD -17.8 million, representing a decrease of -1.6 million from the same quarter of the prior year.
Stock Price
On Wednesday, AKOUSTIS TECHNOLOGIES reported record fourth quarter earnings results for FY2023. The company’s stock opened for trading at $1.5 and closed at $1.2, a plunge of 29.7% from the previous closing price of $1.6. This marked the lowest closing price for AKOUSTIS TECHNOLOGIES in the past three months. Despite these impressive figures, the market reacted negatively to the news as investors were expecting even greater returns from the company. Analysts attribute the drop in stock price to investor sentiment associated with the company’s recent acquisitions.
Despite the initial concerns, AKOUSTIS TECHNOLOGIES’ management remains confident that their investments will bring long-term value to shareholders and have reiterated their commitment to growing the business. Overall, AKOUSTIS TECHNOLOGIES’ report is indicative of strong growth in the fourth quarter, but market sentiment remains bearish. For now, investors are advised to remain cautious and keep an eye on future developments as the company continues to expand its operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Akoustis Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 27.12 | -63.56 | -237.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Akoustis Technologies. More…
| Operations | Investing | Financing |
| -44.82 | -25.15 | 32.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Akoustis Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 148.92 | 62.68 | 1.2 |
Key Ratios Snapshot
Some of the financial key ratios for Akoustis Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 147.4% | – | -234.8% |
| FCF Margin | ROE | ROA |
| -207.2% | -42.6% | -26.7% |
Analysis – Akoustis Technologies Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of AKOUSTIS TECHNOLOGIES to evaluate its overall wellbeing. After careful examination, our proprietary Valuation Line suggests that the intrinsic value of AKOUSTIS TECHNOLOGIES share is currently around $17.5. Interestingly, the current market price of AKOUSTIS TECHNOLOGIES stock is only $1.2 – meaning that the stock is undervalued by 93.1%. This means that now is an opportune time to invest in AKOUSTIS TECHNOLOGIES, as investors can purchase the stock at a significant discount to its true worth. More…
Peers
Akoustis Technologies Inc is a leading provider of wireless RF front-end (RFFE) solutions for the global telecommunications market. The company’s products are used in a variety of applications, including cellular phones, data cards, and other wireless devices. Akoustis Technologies Inc has a strong competitive advantage in the RFFE market due to its unique technology and manufacturing process. The company’s products are also priced competitively, making it an attractive option for customers.
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Summary
Akoustis Technologies reported its financial results for Q4 of FY2023, with total revenue increasing 60.2% year-on-year to $8.3 million. Despite the revenue growth, the company posted a net loss of $17.8 million, slightly worse than the prior year’s loss of $16.2 million. The stock price reacted negatively on the news and dropped on the same day.
Investors should pay attention to upcoming results from Akoustis Technologies to determine whether this is an opportunity to enter a long position or if there are fundamental issues preventing it from achieving profitability. Furthermore, investors should consider the competitive landscape and any potential catalysts for the stock going forward.
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