Akoustis: Fiscal Q1 Earnings Snapshot

HUNTERSVILLE, N.C. (AP) _ Akoustis Technologies, Inc. (AKTS) on Monday reported a loss of $19.1 million in its fiscal first quarter. The Huntersvil...

November 21, 2022
6:36 PM

HUNTERSVILLE, N.C. (AP) _ Akoustis Technologies, Inc. (AKTS) on Monday reported a loss of $19.1 million in its fiscal first quarter. The Huntersville, North Carolina-based company said it had a loss of 33 cents per share. Losses, adjusted for non-recurring costs, were 28 cents per share. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. The company posted revenue of $5.6 million in the period, which met Street forecasts.