Akoustis Technologies (AKTS) Scheduled to Post Quarterly Earnings on Monday

Akoustis Technologies (NASDAQ:AKTS - Get Free Report) is scheduled to announce its earnings results before the market opens on Monday, May 13th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Akoustis Technologies (NASDAQ:AKTS - Get Free Report) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The firm had revenue of $7.02 million during the quarter, compared to analyst estimates of $6.99 million. Akoustis Technologies had a negative return on equity of 80.80% and a negative net margin of 232.77%. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, analysts expect Akoustis Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Akoustis Technologies Stock Performance

Shares of NASDAQ:AKTS traded down $0.03 on Wednesday, reaching $0.57. 296,288 shares of the company's stock were exchanged, compared to its average volume of 772,870. The business's 50-day moving average is $0.58 and its two-hundred day moving average is $0.63. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.80. Akoustis Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $3.57. The firm has a market capitalization of $56.24 million, a price-to-earnings ratio of -0.61 and a beta of 1.66.

About Akoustis Technologies

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments.