2022 Q4 Form 10-Q Financial Statement
#000121390022071579 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $5.865M | $5.566M | $1.868M |
YoY Change | 59.72% | 197.97% | 191.88% |
Cost Of Revenue | $5.274M | $6.453M | $2.902M |
YoY Change | 15.94% | 122.36% | 75.88% |
Gross Profit | $591.0K | -$887.0K | -$1.034M |
YoY Change | -167.39% | -14.22% | 2.38% |
Gross Profit Margin | 10.08% | -15.94% | -55.35% |
Selling, General & Admin | $5.838M | $6.982M | $3.876M |
YoY Change | 13.45% | 80.13% | 32.29% |
% of Gross Profit | 987.82% | ||
Research & Development | $7.645M | $10.10M | $7.974M |
YoY Change | -16.83% | 26.62% | 24.98% |
% of Gross Profit | 1293.57% | ||
Depreciation & Amortization | $2.642M | $2.450M | $1.473M |
YoY Change | 55.32% | 66.33% | 48.79% |
% of Gross Profit | 447.04% | ||
Operating Expenses | $13.48M | $17.08M | $11.85M |
YoY Change | -5.96% | 44.13% | 27.28% |
Operating Profit | -$12.89M | -$17.97M | -$12.88M |
YoY Change | -15.27% | 39.44% | 24.84% |
Interest Expense | $116.0K | -$722.0K | $35.00K |
YoY Change | 314.29% | -2162.86% | -102.15% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.737M | -$1.182M | |
YoY Change | 6103.57% | ||
Pretax Income | -$11.16M | -$19.15M | -$12.85M |
YoY Change | -26.55% | 49.02% | 7.52% |
Income Tax | $1.000K | -$57.00K | |
% Of Pretax Income | |||
Net Earnings | -$11.16M | -$19.09M | -$12.85M |
YoY Change | -26.91% | 48.58% | 7.52% |
Net Earnings / Revenue | -190.21% | -342.99% | -687.85% |
Basic Earnings Per Share | -$0.19 | -$0.33 | -$0.25 |
Diluted Earnings Per Share | -$0.19 | -$0.33 | -$249.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 57.47M shares | 57.20M shares | 51.44M shares |
Diluted Shares Outstanding | 57.58M shares | 57.15M shares | 51.44M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $46.57M | $60.66M | $75.68M |
YoY Change | -30.98% | -19.84% | 103.44% |
Cash & Equivalents | $46.57M | $60.66M | $75.68M |
Short-Term Investments | |||
Other Short-Term Assets | $4.767M | $4.519M | $3.537M |
YoY Change | 50.95% | 27.76% | 135.8% |
Inventory | $5.807M | $4.525M | $2.058M |
Prepaid Expenses | |||
Receivables | $3.171M | $2.976M | $1.352M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $60.31M | $72.68M | $82.63M |
YoY Change | -20.02% | -12.03% | 110.25% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $54.47M | $54.19M | $37.32M |
YoY Change | 34.04% | 45.19% | 54.86% |
Goodwill | $8.051M | $8.051M | |
YoY Change | |||
Intangibles | $8.267M | $8.639M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $71.00K | $71.00K | $11.00K |
YoY Change | 18.33% | 545.45% | -97.25% |
Total Long-Term Assets | $71.95M | $71.98M | $37.90M |
YoY Change | 22.57% | 89.94% | 51.58% |
TOTAL ASSETS | |||
Total Short-Term Assets | $60.31M | $72.68M | $82.63M |
Total Long-Term Assets | $71.95M | $71.98M | $37.90M |
Total Assets | $132.3M | $144.7M | $120.5M |
YoY Change | -1.38% | 20.03% | 87.44% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.602M | $4.157M | $3.613M |
YoY Change | 43.12% | 15.06% | 416.14% |
Accrued Expenses | $6.113M | $7.077M | $4.268M |
YoY Change | 17.72% | 65.82% | 29.33% |
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 | $8.775M | $12.65M | $7.881M |
YoY Change | 23.38% | 60.5% | 87.64% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $43.18M | $43.85M | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $1.226M | $1.472M | $245.0K |
YoY Change | -5.18% | 500.82% | -51.0% |
Total Long-Term Liabilities | $44.41M | $45.33M | $245.0K |
YoY Change | 3334.42% | 18400.41% | -99.02% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.775M | $12.65M | $7.881M |
Total Long-Term Liabilities | $44.41M | $45.33M | $245.0K |
Total Liabilities | $53.18M | $57.98M | $8.126M |
YoY Change | 195.92% | 613.45% | -72.17% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$237.0M | -$225.9M | |
YoY Change | |||
Common Stock | $58.00K | $57.00K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $79.08M | $86.69M | $112.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $132.3M | $144.7M | $120.5M |
YoY Change | -1.38% | 20.03% | 87.44% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.16M | -$19.09M | -$12.85M |
YoY Change | -26.91% | 48.58% | 7.52% |
Depreciation, Depletion And Amortization | $2.642M | $2.450M | $1.473M |
YoY Change | 55.32% | 66.33% | 48.79% |
Cash From Operating Activities | -$11.23M | -$14.99M | -$12.69M |
YoY Change | 3.5% | 18.14% | 60.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.153M | -$4.832M | -$5.729M |
YoY Change | -144.45% | -15.66% | 143.79% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $286.0K |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$3.153M | -$4.832M | -$5.443M |
YoY Change | -71.78% | -11.23% | 131.62% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 289.0K | 0.000 | 5.489M |
YoY Change | -97.91% | -100.0% | 74.81% |
NET CHANGE | |||
Cash From Operating Activities | -11.23M | -$14.99M | -12.69M |
Cash From Investing Activities | -3.153M | -$4.832M | -5.443M |
Cash From Financing Activities | 289.0K | 0.000 | 5.489M |
Net Change In Cash | -14.09M | -$19.82M | -12.64M |
YoY Change | 71.6% | 56.8% | 77.54% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.23M | -$14.99M | -$12.69M |
Capital Expenditures | $3.153M | -$4.832M | -$5.729M |
Free Cash Flow | -$14.38M | -$10.16M | -$6.958M |
YoY Change | 282.86% | 45.98% | 25.14% |
Facts In Submission
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Goodwill
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|
24000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
33000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12849000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
112398000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19091000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12849000 | usd |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2450000 | usd |
CY2021Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1473000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2348000 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2348000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
143000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
97000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
61000 | usd |
CY2022Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-21000 | usd |
CY2022Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
446000 | usd |
CY2022Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-1000 | usd |
CY2021Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
197000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-817000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
182000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
431000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
668000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
952000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
1223000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-569000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1345000 | usd |
CY2021Q3 | akts |
Contract Liability
ContractLiability
|
41000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-88000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-64000 | usd |
CY2022Q3 | akts |
Increase Decreasein Other Long Term Liabilities
IncreaseDecreaseinOtherLongTermLiabilities
|
1000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-138000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-41000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14989000 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12687000 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
4832000 | usd |
CY2021Q3 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
5729000 | usd |
CY2021Q3 | us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
286000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4832000 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5443000 | usd |
CY2021Q3 | akts |
Issuance Of Common Stock For Acquisition
IssuanceOfCommonStockForAcquisition
|
-5432000 | usd |
CY2021Q3 | akts |
Proceeds From Employee Stock Purchase Plan
ProceedsFromEmployeeStockPurchasePlan
|
33000 | usd |
CY2021Q3 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
24000 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5489000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-19821000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-12641000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
80485000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
88322000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
60664000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75681000 | usd |
CY2022Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
40000 | usd |
CY2022Q3 | us-gaap |
Stock Issued1
StockIssued1
|
686000 | usd |
CY2021Q3 | us-gaap |
Stock Issued1
StockIssued1
|
1992000 | usd |
CY2022Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1. Organization</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Akoustis Technologies, Inc. (the “Company”) was incorporated on April 10, 2013, and effective December 15, 2016, the Company changed its state of incorporation to the State of Delaware. Through its wholly-owned subsidiary, Akoustis, Inc. (a Delaware corporation), the Company, headquartered in Huntersville, North Carolina, is focused on developing, designing, and manufacturing innovative radio frequency (“RF”) filter products for the wireless industry, including for products such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi Customer Premise Equipment (“CPE”), and military and defense communication applications. Located between the device’s antenna and its digital backend, the RF front-end (“RFFE”) is the circuitry that performs the analog signal processing and contains components such as amplifiers, filters and switches. To construct the resonator devices that are the building blocks for its RF filters, the Company has developed a family of novel, high purity acoustic piezoelectric materials as well as a unique microelectromechanical system (“MEMS”) wafer process, collectively referred to as XBAW<sup>TM</sup> technology. The Company leverages its integrated device manufacturing (“IDM”) business model to develop and sell high performance RF filters using its XBAW<sup>TM</sup> technology. Filters are critical in selecting and rejecting signals, and their performance enables differentiation in the modules defining the RFFE. Additionally, through RFM Integrated Device, Inc. (“RFMi”), a wholly-owned subsidiary of Akoustis, Inc., the Company makes sales of complementary surface acoustic wave (“SAW”) resonators, RF filters, crystal (Xtal) resonators and oscillators, and ceramic products branded as “RFMi” products.</p> | |
CY2022Q3 | us-gaap |
Cash
Cash
|
60700000 | usd |
CY2022Q3 | akts |
Working Capital
WorkingCapital
|
60000000 | usd |
CY2022Q3 | us-gaap |
Liquidation Basis Of Accounting Remeasurement Gain Loss On Accrued Costs To Dispose Of Assets And Liabilities
LiquidationBasisOfAccountingRemeasurementGainLossOnAccruedCostsToDisposeOfAssetsAndLiabilities
|
48000000 | usd |
CY2021Q3 | akts |
Closing Contract Assets
ClosingContractAssets
|
783000 | usd |
CY2022Q3 | akts |
Total Revenue With Customers
TotalRevenueWithCustomers
|
5566000 | usd |
CY2021Q3 | akts |
Total Revenue With Customers
TotalRevenueWithCustomers
|
1868000 | usd |
CY2022Q3 | akts |
Contract Assets
ContractAssets
|
908000 | usd |
CY2022Q3 | akts |
Contract Liability
ContractLiability
|
286000 | usd |
CY2022Q3 | akts |
Closing Contract Assets
ClosingContractAssets
|
1661000 | usd |
CY2022Q3 | akts |
Closing Contract Liability
ClosingContractLiability
|
147000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-753000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-139000 | usd |
CY2021Q3 | akts |
Contract Assets
ContractAssets
|
411000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-372000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-41000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
286000 | usd |
CY2022Q3 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
67000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1227000 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1077000 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1426000 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1061000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1872000 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1956000 | usd |
CY2022Q3 | akts |
Total Inventories
TotalInventories
|
4525000 | usd |
CY2022Q2 | akts |
Total Inventories
TotalInventories
|
4094000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
73543000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
68431000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
19355000 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
17274000 | usd |
CY2022Q3 | akts |
Total Property Plant And Equipment Net
TotalPropertyPlantAndEquipmentNet
|
54188000 | usd |
CY2022Q2 | akts |
Total Property Plant And Equipment Net
TotalPropertyPlantAndEquipmentNet
|
51157000 | usd |
CY2022Q2 | akts |
Accrued Goods Received Not Invoiced
AccruedGoodsReceivedNotInvoiced
|
1472000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
|
2100000 | usd |
CY2021Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
|
1500000 | usd |
CY2022Q3 | us-gaap |
Assets Disposed Of By Method Other Than Sale In Period Of Disposition Gain Loss On Disposition1
AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1
|
11700000 | usd |
CY2022 | us-gaap |
Assets Disposed Of By Method Other Than Sale In Period Of Disposition Gain Loss On Disposition1
AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1
|
14500000 | usd |
CY2022Q2 | akts |
Effect Of Exchange Rates On Cash And Cash Equivalents
EffectOfExchangeRatesOnCashAndCashEquivalents
|
3500000 | usd |
CY2022Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
1100000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.30 | pure |
CY2022Q3 | us-gaap |
Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
|
446000 | usd |
CY2022 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
3682000 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
13000000 | usd |
CY2022 | us-gaap |
Earnings Per Share Diluted Pro Forma Adjustment
EarningsPerShareDilutedProFormaAdjustment
|
-0.25 | |
CY2022Q3 | us-gaap |
Goodwill Gross
GoodwillGross
|
8100000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
4157000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3630000 | usd |
CY2022Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
3128000 | usd |
CY2022Q2 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
4641000 | usd |
CY2022Q3 | akts |
Accrued Goods Received Not Invoiced
AccruedGoodsReceivedNotInvoiced
|
1079000 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2565000 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1461000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
10929000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
11204000 | usd |
CY2022Q3 | akts |
Contractual Interest
ContractualInterest
|
660000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
143000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
7.68 | |
CY2022Q3 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
1168000 | usd |
CY2021Q3 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
1232000 | usd |
CY2022Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1181000 | usd |
CY2021Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1116000 | usd |
CY2022Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
2349000 | usd |
CY2021Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
2348000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
102000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
75000 | usd |
CY2022Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1029000 | usd |
CY2022Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1126000 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
305000 | usd |
CY2022Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
313000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
732000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
811000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y2M8D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y5M1D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1003 | pure |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1003 | pure |
CY2022Q3 | akts |
Future Lease Payments Term
FutureLeasePaymentsTerm
|
P5Y | |
CY2022Q3 | akts |
Total Common Stock Equivalents Shares
TotalCommonStockEquivalentsShares
|
12395567 | shares |
CY2021Q3 | akts |
Total Common Stock Equivalents Shares
TotalCommonStockEquivalentsShares
|
3014486 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0301 | pure |
CY2022Q3 | akts |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Measurements Expected Debt Yield
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueMeasurementsExpectedDebtYield
|
0.454 | pure |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
|
296000 | usd |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
|
366000 | usd |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
|
356000 | usd |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due In Four Year
OperatingLeasesFutureMinimumPaymentDueInFourYear
|
199000 | usd |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
|
1217000 | usd |
CY2022Q2 | akts |
Lessee Operating Leases Liability Undiscounted Excess Amount
LesseeOperatingLeasesLiabilityUndiscountedExcessAmount
|
-180000 | usd |
CY2022Q2 | akts |
Lessee Operating Leases Liability Payments Due
LesseeOperatingLeasesLiabilityPaymentsDue
|
1037000 | usd |
CY2018Q1 | akts |
Ontario County Industrial Development Authority Agreement Description
OntarioCountyIndustrialDevelopmentAuthorityAgreementDescription
|
Pursuant to the Agreements, the Company will lease for $1.00 annually to the OCIDA an approximately 9.995 acre parcel of land in Canandaigua, New York, together with the improvements thereon (including the Company’s New York fabrication facility), and transfer title to certain related equipment and personal property to the OCIDA (collectively, the “Facility”). | |
CY2018Q1 | akts |
Tax Savings Agreement Expire Date
TaxSavingsAgreementExpireDate
|
The Company estimates substantial tax savings during the term of the Agreements, which expire on December 31, 2028. | |
CY2018Q1 | akts |
Aggregate Principal Amount
AggregatePrincipalAmount
|
12000000 | usd |
CY2022Q3 | akts |
Payments For Lease Benefits
PaymentsForLeaseBenefits
|
300000 | usd |
CY2022Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | pure |
CY2022Q3 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
1892000 | usd |
CY2022Q3 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
3007000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
4899000 | usd |
CY2022Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
1446000 | usd |
CY2022Q2 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
3028000 | usd |
CY2022Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
4474000 | usd |
CY2022Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1446000 | usd |
CY2022Q3 | us-gaap |
Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
|
446000 | usd |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1892000 | usd |
CY2022Q3 | akts |
Fair Value Measurement Of Revenue Volatility
FairValueMeasurementOfRevenueVolatility
|
0.30 | pure |
CY2022 | akts |
Fair Value Measurement Of Revenue Volatility
FairValueMeasurementOfRevenueVolatility
|
0.30 | pure |
CY2022Q3 | akts |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisAssetValue
|
3028000 | usd |
CY2022Q3 | akts |
Change In Fair Value Of Convertible Note Derivatives
ChangeInFairValueOfConvertibleNoteDerivatives
|
-21000 | usd |
CY2022Q3 | akts |
Fair Value Measurement Ending Balance
FairValueMeasurementEndingBalance
|
3007000 | usd |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
2970 | |
CY2022Q2 | us-gaap |
Share Price
SharePrice
|
3700 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0409 | pure |
CY2021Q3 | akts |
Increase Decreasein Other Long Term Liabilities
IncreaseDecreaseinOtherLongTermLiabilities
|
usd | |
CY2021Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022Q2 | akts |
Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
|
usd | |
CY2022 | akts |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Measurements Expected Debt Yield
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueMeasurementsExpectedDebtYield
|
0.415 | pure |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y8M12D | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2022Q3 | akts |
Initial Fair Value Of Contingent Consideration
InitialFairValueOfContingentConsideration
|
usd | |
CY2022Q3 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
usd | |
CY2022Q3 | akts |
Initial Fair Value Of Change In Control Provision In Convertible Note
InitialFairValueOfChangeInControlProvisionInConvertibleNote
|
usd | |
CY2022Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2021Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51436075 | shares |
CY2021Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
usd | |
CY2022Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
CY2022Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2022Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2022Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001584754 |