AKILI INC Reports 83.3% Increase in Total Revenue for Q2 2023
August 14, 2023
☀️Earnings Overview
For the second quarter ending June 30 2023 of its fiscal year 2023, Akili Inc ($NASDAQ:AKLI) reported total revenue of USD 0.1 million, representing a year-over-year increase of 83.3%. Net income for this quarter was USD -11.8 million, compared to the -22.5 million reported in the same period of the prior year. This news was announced on August 10, 2023.
Analysis
GoodWhale has conducted an analysis on AKILI INC‘s wellbeing, and according to the Star Chart, AKILI INC is strong in asset, and weak in dividend, growth, and profitability. We have classified this company as an “elephant” meaning it is rich with assets after deducting off liabilities. This type of company would likely be of interest to investors who are looking for a secure source of return and are not risk averse. In terms of health score, GoodWhale has given AKILI INC an intermediate score of 4 out of 10, taking into account its cashflows and debt. This indicates that they are able to sustain future operations in times of crisis. However, it is important to note that this score is not a guarantee of success and should be taken with caution. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Akili Inc. More…
| Total Revenues | Net Income | Net Margin |
| 0.42 | 1.55 | -18913.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Akili Inc. More…
| Operations | Investing | Financing |
| -72.83 | -42.68 | 131.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Akili Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 111.46 | 28.5 | 1.06 |
Key Ratios Snapshot
Some of the financial key ratios for Akili Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -74.7% | – | 1509.8% |
| FCF Margin | ROE | ROA |
| -17349.0% | 4.5% | 3.6% |
Peers
The dental industry is becoming increasingly competitive, with Akili Inc facing stiff competition from CAD Dental Holdings Inc, Healixa Inc, and Opyl Ltd. These companies are engaged in a fierce battle to become the leading provider of dental services and products. Akili Inc is striving to stay ahead of the competition by offering innovative solutions and high-quality products to meet customer demands.
– CAD Dental Holdings Inc ($OTCPK:OJSY)
Opyl Ltd is an online e-commerce platform that provides its customers with a wide range of products to choose from. As of 2023, the company has a market capitalization of 2.05M, which indicates that it is a small to mid-sized company. Its Return on Equity (ROE) is -547.78%, which is a negative sign and shows the lack of success in turning profits into shareholder equity. This could mean that the company is not effectively managing its finances or that it is not yet profitable. Furthermore, this could also indicate that there is an opportunity for the company to improve their operations and become more profitable.
Summary
Investors can take a look at the recently released financial results of AKILI INC for the second quarter of fiscal year 2023. Total revenues came in at USD 0.1 million, an impressive growth of 83.3% from the same period last year. Despite the net losses, the growth in revenues is likely to be encouraging for investors who are interested in putting their money in AKILI INC.
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