$AKTSQ
Akoustis Technologies, Inc.

2021 Q2 Form 10-K Financial Statement

#000121390021045465 Filed on August 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 2020
Revenue $2.157M $6.618M $1.790M
YoY Change 482.97% 269.72% 24.31%
Cost Of Revenue $3.427M $10.65M $2.410M
YoY Change 220.28% 341.95% 138.61%
Gross Profit -$1.270M -$4.033M -$620.0K
YoY Change 78.87% 550.48% -244.19%
Gross Profit Margin -58.88% -60.94% -34.64%
Selling, General & Admin $3.602M $13.29M $10.89M
YoY Change 31.94% 21.99% 25.17%
% of Gross Profit
Research & Development $6.905M $24.08M $20.52M
YoY Change 44.15% 17.33% 21.78%
% of Gross Profit
Depreciation & Amortization $1.375M $4.655M $3.080M
YoY Change 54.49% 51.14% 23.2%
% of Gross Profit
Operating Expenses $10.51M $37.36M $31.42M
YoY Change 39.72% 18.91% 12.42%
Operating Profit -$11.78M -$41.39M -$32.04M
YoY Change 43.1% 29.19% 16.42%
Interest Expense $32.00K -$4.386M -$4.730M
YoY Change -101.71% -7.27% 72.63%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $630.0K
YoY Change -100.0% -100.0% -40.57%
Pretax Income -$10.12M -$44.16M -$36.14M
YoY Change 0.41% 22.18% 23.56%
Income Tax
% Of Pretax Income
Net Earnings -$10.12M -$44.16M -$36.14M
YoY Change 0.41% 22.18% 23.56%
Net Earnings / Revenue -469.22% -667.21% -2018.99%
Basic Earnings Per Share -$1.02
Diluted Earnings Per Share -$200.2K -$1.017M -$1.072M
COMMON SHARES
Basic Shares Outstanding 43.43M shares
Diluted Shares Outstanding 43.43M shares

Balance Sheet

Concept 2021 Q2 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.32M $88.32M $44.31M
YoY Change 99.37% 99.33% 47.45%
Cash & Equivalents $88.32M $88.32M $44.31M
Short-Term Investments
Other Short-Term Assets $2.314M $2.314M $1.410M
YoY Change 65.29% 64.11% 9.3%
Inventory $1.390M $1.390M $140.0K
Prepaid Expenses
Receivables $1.170M $1.170M $350.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $93.20M $93.20M $46.20M
YoY Change 101.72% 101.72% 45.65%
LONG-TERM ASSETS
Property, Plant & Equipment $31.20M $31.20M $24.30M
YoY Change 28.4% 28.4% 60.08%
Goodwill
YoY Change
Intangibles $572.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.00K $25.00K $380.0K
YoY Change -93.75% -93.42% -42.42%
Total Long-Term Assets $31.80M $31.80M $25.23M
YoY Change 26.18% 26.03% 55.45%
TOTAL ASSETS
Total Short-Term Assets $93.20M $93.20M $46.20M
Total Long-Term Assets $31.80M $31.80M $25.23M
Total Assets $125.0M $125.0M $71.43M
YoY Change 75.06% 74.99% 48.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.188M $1.188M $2.140M
YoY Change -43.43% -44.49% 756.0%
Accrued Expenses $6.036M $4.000M
YoY Change 50.9% 34.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.265M $7.265M $6.130M
YoY Change 19.1% 18.52% 67.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $23.22M
YoY Change -100.0% -100.0% 27.44%
Other Long-Term Liabilities $319.0K $319.0K $590.0K
YoY Change -46.83% -45.93% 391.67%
Total Long-Term Liabilities $319.0K $319.0K $23.81M
YoY Change -98.66% -98.66% 29.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.265M $7.265M $6.130M
Total Long-Term Liabilities $319.0K $319.0K $23.81M
Total Liabilities $7.584M $7.584M $29.94M
YoY Change -74.64% -74.67% 36.15%
SHAREHOLDERS EQUITY
Retained Earnings -$147.8M
YoY Change
Common Stock $51.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.4M $117.4M $41.50M
YoY Change
Total Liabilities & Shareholders Equity $125.0M $125.0M $71.43M
YoY Change 75.06% 74.99% 48.97%

Cashflow Statement

Concept 2021 Q2 2021 2020
OPERATING ACTIVITIES
Net Income -$10.12M -$44.16M -$36.14M
YoY Change 0.41% 22.18% 23.56%
Depreciation, Depletion And Amortization $1.375M $4.655M $3.080M
YoY Change 54.49% 51.14% 23.2%
Cash From Operating Activities -$7.304M -$29.36M -$21.31M
YoY Change 49.98% 37.79% 20.6%
INVESTING ACTIVITIES
Capital Expenditures -$2.561M -$12.49M -$9.950M
YoY Change -26.2% 25.54% 109.47%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $60.00K
YoY Change -100.0% -100.0% -142.86%
Cash From Investing Activities -$2.561M -$12.49M -$9.890M
YoY Change -25.34% 26.3% 102.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.789M 85.77M 45.45M
YoY Change -40.22% 88.71% 19.92%
NET CHANGE
Cash From Operating Activities -7.304M -29.36M -21.31M
Cash From Investing Activities -2.561M -12.49M -9.890M
Cash From Financing Activities 7.789M 85.77M 45.45M
Net Change In Cash -2.076M 43.91M 14.25M
YoY Change -143.89% 208.17% -7.11%
FREE CASH FLOW
Cash From Operating Activities -$7.304M -$29.36M -$21.31M
Capital Expenditures -$2.561M -$12.49M -$9.950M
Free Cash Flow -$4.743M -$16.87M -$11.36M
YoY Change 238.79% 48.53% -12.07%

Facts In Submission

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