Benzinga | Nov 1, 2021 07:08AM EDT

Akoustis Technologies Q1 EPS $(0.25) Misses $(0.20) Estimate, Sales $1.87M Miss $2.01M Estimate

Akoustis Technologies (NASDAQ:AKTS) reported quarterly losses of $(0.25) per share which missed the analyst consensus estimate of $(0.20) by 25 percent. This is a 19.35 percent increase over losses of $(0.31) per share from the same period last year. The company reported quarterly sales of $1.87 million which missed the analyst consensus estimate of $2.01 million by 7.06 percent. This is a 193.71 percent increase over sales of $636.00 thousand the same period last year.