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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 9M | 54.2% |
| Gross Profit | 4.3M | 777.5% |
| Cost of Revenue | 4.7M | 27.2% |
| Operating expense | 9.6M | 80.8% |
| Net Income | -6.4M | 94.1% |
| EBITDA | -5.1M | 95.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 57M | 17.7% |
| Total Liabilities | 123M | 3.4% |
| Shares Outstanding | 155M | 25.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -12M | 50.5% |
| Cash from investing | -190,000 | 239.1% |
| Cash from financing | 17M | 0% |
EPS
Financial Highlights for Akoustis Technologies in Q3 '24
Akoustis Technologies reported a revenue of 9M, which is a 54.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 4.3M, marking a 777.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.7M, a -27.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 9.6M, showing a -80.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -6.4M, showing a 94.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -5.1M, showing a 95.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Akoustis Technologies with growth in revenue, gross profit, and net income.
