Akoustis (AKTS) Reports Q2 Loss, Tops Revenue Estimates

Company Performance - Akoustis reported a quarterly loss of $0.19 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.18, and the same loss as the previous year [1] - The company posted revenues of $7.02 million for the quarter, exceeding the Zacks Consensus Estimate by 0.46%, and up from $5.87 million a year ago [1] - Over the last four quarters, Akoustis has not surpassed consensus EPS estimates and has only topped revenue estimates once [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $8.46 million, and for the current fiscal year, it is -$0.72 on revenues of $33.06 million [4] - The estimate revisions trend for Akoustis is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Semiconductors - Radio Frequency industry, to which Akoustis belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting a challenging environment [5] - The performance of Akoustis may be influenced by the overall industry outlook, as top-ranked industries tend to outperform the bottom half significantly [5]