Akoustis Technologies Q1 GAAP EPS $(0.28) Vs $(0.33) Last Year, Sales $7.00M Miss $7.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies (NASDAQ:AKTS) reported a Q1 GAAP EPS of $(0.28), an improvement from $(0.33) last year. However, sales of $7.00M fell short of the $7.08M estimate, despite being a 25.76% increase from the previous year's $5.57M.
November 13, 2023 | 12:08 pm
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NEGATIVE IMPACT
Akoustis Technologies reported improved EPS but missed sales estimates for Q1, with a slight miss of 1.13% compared to analyst expectations.
The mixed results with an EPS improvement but a sales miss could lead to negative sentiment in the short term as revenue growth is a key metric for investors. The slight miss in sales estimates may not be a significant concern, but it could still cause some investors to react negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100